New York State Common Retirement Fund Sells 10,794 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

New York State Common Retirement Fund lowered its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,539 shares of the travel company’s stock after selling 10,794 shares during the period. New York State Common Retirement Fund’s holdings in Tripadvisor were worth $2,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Tripadvisor in the third quarter worth approximately $34,000. International Assets Investment Management LLC grew 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 last quarter. CWM LLC increased its stake in Tripadvisor by 40.4% in the fourth quarter. CWM LLC now owns 7,047 shares of the travel company’s stock worth $152,000 after purchasing an additional 2,029 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Tripadvisor during the fourth quarter worth $173,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Tripadvisor during the third quarter worth $181,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Trading Down 28.7 %

NASDAQ TRIP opened at $18.16 on Thursday. Tripadvisor, Inc. has a 52 week low of $14.15 and a 52 week high of $28.76. The company has a 50 day moving average price of $26.64 and a 200 day moving average price of $22.48. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.02. The firm has a market cap of $2.50 billion, a PE ratio of 302.67, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56.

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

Analyst Ratings Changes

Several research analysts recently commented on TRIP shares. UBS Group raised their price target on shares of Tripadvisor from $21.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Wedbush reaffirmed a “neutral” rating and set a $30.00 price target on shares of Tripadvisor in a research note on Thursday, April 18th. B. Riley reiterated a “buy” rating and issued a $34.00 price target (up previously from $27.00) on shares of Tripadvisor in a report on Friday, February 16th. The Goldman Sachs Group raised their price objective on Tripadvisor from $23.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, BMO Capital Markets upped their target price on Tripadvisor from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average 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.