Illinois Municipal Retirement Fund Purchases Shares of 64,429 Tripadvisor, Inc. (NASDAQ:TRIP)

Illinois Municipal Retirement Fund purchased a new stake in Tripadvisor, Inc. (NASDAQ:TRIP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 64,429 shares of the travel company’s stock, valued at approximately $1,387,000.

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

Tripadvisor Trading Up 4.6 %

TRIP opened at $27.45 on Friday. 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 stock has a market capitalization of $3.79 billion, a PE ratio of 457.50, a PEG ratio of 1.65 and a beta of 1.57. Tripadvisor, Inc. has a 1-year low of $14.15 and a 1-year high of $28.76. The firm has a 50-day moving average price of $26.93 and a two-hundred day moving average price of $21.91.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.14. The firm 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, equities analysts anticipate that Tripadvisor, Inc. will post 0.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

TRIP has been the subject of a number of analyst reports. Citigroup raised their price objective on shares of Tripadvisor from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Mizuho raised their price objective on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Ascendiant Capital Markets raised their price objective on shares of Tripadvisor from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, December 29th. UBS Group raised their price objective on shares of Tripadvisor from $21.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Finally, BMO Capital Markets increased their target price on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.12.

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.