16,584 Shares in TripAdvisor, Inc. (NASDAQ:TRIP) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas acquired a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 16,584 shares of the travel company’s stock, valued at approximately $235,000.

Several other hedge funds have also modified their holdings of TRIP. Tsfg LLC acquired a new position in TripAdvisor in the first quarter valued at $35,000. Aster Capital Management DIFC Ltd lifted its holdings in TripAdvisor by 83.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock worth $50,000 after buying an additional 1,557 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in TripAdvisor by 55.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company’s stock worth $92,000 after buying an additional 2,219 shares during the last quarter. Covestor Ltd raised its position in shares of TripAdvisor by 806.6% during the 4th quarter. Covestor Ltd now owns 6,564 shares of the travel company’s stock worth $97,000 after purchasing an additional 5,840 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in shares of TripAdvisor by 150,850.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,057 shares of the travel company’s stock worth $134,000 after purchasing an additional 9,051 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

TripAdvisor Stock Performance

Shares of NASDAQ:TRIP opened at $17.51 on Friday. The company’s 50 day simple moving average is $14.88 and its 200 day simple moving average is $14.72. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 47.32, a price-to-earnings-growth ratio of 2.65 and a beta of 1.28. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.90 and a quick ratio of 1.90. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $18.66.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. The company had revenue of $398.00 million for the quarter, compared to analyst estimates of $386.94 million. TripAdvisor had a net margin of 2.94% and a return on equity of 10.68%. TripAdvisor’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. As a group, research analysts predict that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on TRIP. DA Davidson set a $16.25 price target on TripAdvisor in a research note on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price objective on TripAdvisor from $11.00 to $13.00 and gave the company an “underweight” rating in a research report on Friday, May 9th. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 14th. UBS Group boosted their price target on TripAdvisor from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Finally, Mizuho upgraded TripAdvisor to a “hold” rating in a research note on Friday, April 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, TripAdvisor currently has a consensus rating of “Hold” and an average target price of $17.40.

Insiders Place Their Bets

In other news, CEO Almir Ambeskovic sold 16,643 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the completion of the sale, the chief executive officer directly owned 15,931 shares of the company’s stock, valued at $244,222.23. The trade was a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.10% of the company’s stock.

About TripAdvisor

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.