Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stake in TripAdvisor, Inc. $TRIP

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in TripAdvisor, Inc. (NASDAQ:TRIP) by 15.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,319 shares of the travel company’s stock after acquiring an additional 3,975 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in TripAdvisor were worth $396,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TRIP. Certares Management LLC boosted its position in TripAdvisor by 177.3% during the second quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock valued at $62,011,000 after purchasing an additional 3,037,959 shares in the last quarter. Nuveen LLC purchased a new stake in shares of TripAdvisor during the first quarter valued at about $32,536,000. Royal Bank of Canada boosted its holdings in shares of TripAdvisor by 82,306.8% in the 1st quarter. Royal Bank of Canada now owns 1,528,647 shares of the travel company’s stock valued at $21,661,000 after buying an additional 1,526,792 shares in the last quarter. Palliser Capital UK Ltd purchased a new position in shares of TripAdvisor in the 2nd quarter worth approximately $16,192,000. Finally, Ameriprise Financial Inc. raised its stake in shares of TripAdvisor by 27.7% during the 1st quarter. Ameriprise Financial Inc. now owns 5,635,384 shares of the travel company’s stock worth $79,852,000 after acquiring an additional 1,222,958 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

TripAdvisor Stock Performance

Shares of TRIP opened at $14.84 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a 50-day moving average of $15.89 and a two-hundred day moving average of $16.01. The stock has a market cap of $1.73 billion, a P/E ratio of 30.92, a P/E/G ratio of 2.49 and a beta of 1.21. TripAdvisor, Inc. has a one year low of $10.43 and a one year high of $20.16.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The business had revenue of $553.00 million for the quarter, compared to analyst estimates of $562.92 million. During the same period in the prior year, the company earned $0.50 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. As a group, research analysts predict that TripAdvisor, Inc. will post 0.46 EPS for the current year.

Insiders Place Their Bets

In related news, insider Seth J. Kalvert sold 10,880 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $20.04, for a total value of $218,035.20. Following the transaction, the insider owned 136,914 shares in the company, valued at approximately $2,743,756.56. This represents a 7.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

TRIP has been the subject of a number of analyst reports. Wall Street Zen cut shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. B. Riley decreased their price objective on TripAdvisor from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Sanford C. Bernstein restated an “outperform” rating and set a $20.00 target price on shares of TripAdvisor in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TripAdvisor in a research report on Tuesday. Finally, Citigroup increased their price target on TripAdvisor from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, TripAdvisor presently has an average rating of “Reduce” and a consensus target price of $16.66.

TripAdvisor 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.