Louisiana State Employees Retirement System Invests $1.17 Million in Tripadvisor, Inc. (NASDAQ:TRIP)

Louisiana State Employees Retirement System purchased a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) during the fourth quarter, Holdings Channel.com reports. The fund purchased 54,100 shares of the travel company’s stock, valued at approximately $1,165,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Tripadvisor during the 3rd quarter worth approximately $34,000. International Assets Investment Management LLC increased its position in Tripadvisor by 2,053.0% in the 4th quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock valued at $46,000 after acquiring an additional 2,053 shares during the period. CWM LLC increased its position in Tripadvisor by 1,384.6% in the 3rd quarter. CWM LLC now owns 5,018 shares of the travel company’s stock valued at $83,000 after acquiring an additional 4,680 shares during the period. Meeder Asset Management Inc. acquired a new stake in Tripadvisor in the 4th quarter valued at approximately $173,000. Finally, CIBC Asset Management Inc acquired a new stake in Tripadvisor in the 3rd quarter valued at approximately $181,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Tripadvisor Trading Up 2.2 %

Shares of NASDAQ TRIP opened at $26.12 on Wednesday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02. Tripadvisor, Inc. has a one year low of $14.15 and a one year high of $28.76. The business has a 50-day moving average price of $26.93 and a two-hundred day moving average price of $21.77. The firm has a market capitalization of $3.60 billion, a PE ratio of 435.33, a PEG ratio of 1.58 and a beta of 1.57.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.07 by $0.14. The business had revenue of $390.00 million during the quarter, compared to analysts’ expectations of $372.93 million. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. As a group, analysts predict that Tripadvisor, Inc. will post 0.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. TheStreet upgraded Tripadvisor from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th. StockNews.com upgraded Tripadvisor from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. UBS Group lifted their price target on Tripadvisor from $21.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Wedbush reiterated a “neutral” rating and set a $30.00 price target on shares of Tripadvisor in a research report on Thursday, April 18th. Finally, B. Riley reiterated a “buy” rating and set a $34.00 price target (up from $27.00) on shares of Tripadvisor in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Tripadvisor has an average rating of “Hold” and a consensus target price of $24.12.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.