Arizona State Retirement System Cuts Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Arizona State Retirement System cut its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,747 shares of the travel company’s stock after selling 1,549 shares during the quarter. Arizona State Retirement System’s holdings in Tripadvisor were worth $640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Tripadvisor in the third quarter valued at approximately $34,000. Dark Forest Capital Management LP increased its position in shares of Tripadvisor by 1,227.3% in the first quarter. Dark Forest Capital Management LP now owns 1,699 shares of the travel company’s stock valued at $34,000 after buying an additional 1,571 shares in the last quarter. CWM LLC increased its position in shares of Tripadvisor by 1,384.6% in the third quarter. CWM LLC now owns 5,018 shares of the travel company’s stock valued at $83,000 after buying an additional 4,680 shares in the last quarter. State of Wyoming increased its position in shares of Tripadvisor by 142.0% during the second quarter. State of Wyoming now owns 7,783 shares of the travel company’s stock worth $128,000 after purchasing an additional 4,567 shares in the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Tripadvisor by 665.7% during the first quarter. Advisory Services Network LLC now owns 7,833 shares of the travel company’s stock worth $156,000 after purchasing an additional 6,810 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Price Performance

TRIP opened at $25.25 on Friday. The stock’s 50-day moving average price is $26.79 and its 200 day moving average price is $21.49. Tripadvisor, Inc. has a 12-month low of $14.15 and a 12-month high of $28.76. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 420.83, a PEG ratio of 1.57 and a beta of 1.57.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.14. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. The firm had revenue of $390.00 million for the quarter, compared to analyst estimates of $372.93 million. As a group, sell-side analysts expect that Tripadvisor, Inc. will post 0.89 earnings per share for the current year.

Analyst Ratings Changes

TRIP has been the subject of several research reports. Wedbush reiterated a “neutral” rating and set a $30.00 price target on shares of Tripadvisor in a research report on Thursday. 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. Mizuho boosted their price target on Tripadvisor from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. BMO Capital Markets upped their target price on Tripadvisor from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Finally, TheStreet upgraded Tripadvisor from a “d+” rating to a “c” rating in a report on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock 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.