Kentucky Retirement Systems Insurance Trust Fund Makes New $58,000 Investment in Tripadvisor, Inc. (NASDAQ:TRIP)

Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,924 shares of the travel company’s stock, valued at approximately $58,000.

A number of other institutional investors have also recently bought and sold shares of TRIP. Assenagon Asset Management S.A. grew its holdings in shares of Tripadvisor by 4.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 772,592 shares of the travel company’s stock valued at $11,195,000 after buying an additional 35,967 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Tripadvisor in the 3rd quarter valued at $207,000. Autumn Glory Partners LLC grew its holdings in shares of Tripadvisor by 100.0% in the 3rd quarter. Autumn Glory Partners LLC now owns 39,070 shares of the travel company’s stock valued at $566,000 after buying an additional 19,535 shares during the period. Pallas Capital Advisors LLC acquired a new position in shares of Tripadvisor in the 3rd quarter valued at $247,000. Finally, River Road Asset Management LLC grew its holdings in shares of Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after buying an additional 917,689 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Trading Up 0.3 %

Shares of NASDAQ:TRIP opened at $17.70 on Thursday. The company’s 50-day moving average price is $15.90 and its two-hundred day moving average price is $14.99. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85. Tripadvisor, Inc. has a one year low of $12.93 and a one year high of $28.76. The stock has a market capitalization of $2.47 billion, a PE ratio of 76.96, a price-to-earnings-growth ratio of 9.72 and a beta of 1.34.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. B. Riley boosted their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wedbush reissued a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. UBS Group decreased their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. TD Cowen upped their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald reduced their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.50.

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.