New York State Common Retirement Fund lifted its position in Tripadvisor Inc (NASDAQ:TRIP) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,101 shares of the travel company’s stock after buying an additional 5,500 shares during the period. New York State Common Retirement Fund owned about 0.20% of Tripadvisor worth $11,069,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC acquired a new position in Tripadvisor in the 2nd quarter worth $242,000. Cutter & CO Brokerage Inc. boosted its stake in shares of Tripadvisor by 0.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock worth $249,000 after buying an additional 30 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Tripadvisor during the 2nd quarter worth about $252,000. Flinton Capital Management LLC boosted its stake in shares of Tripadvisor by 12.9% during the 2nd quarter. Flinton Capital Management LLC now owns 7,008 shares of the travel company’s stock worth $268,000 after buying an additional 800 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH acquired a new position in shares of Tripadvisor during the 3rd quarter worth about $285,000. Institutional investors and hedge funds own 88.71% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday. Jefferies Group reaffirmed a “sell” rating and issued a $35.00 target price on shares of Tripadvisor in a report on Thursday, September 28th. Raymond James Financial reaffirmed a “market perform” rating on shares of Tripadvisor in a report on Tuesday, September 26th. Stifel Nicolaus lowered their price target on shares of Tripadvisor from $40.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. Finally, ValuEngine cut shares of Tripadvisor from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Eight equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $39.42.
Shares of Tripadvisor Inc (NASDAQ:TRIP) traded up $0.79 during trading hours on Thursday, hitting $35.28. 4,165,100 shares of the stock were exchanged, compared to its average volume of 2,540,000. The firm has a market capitalization of $4,900.00, a price-to-earnings ratio of 75.06, a PEG ratio of 4.11 and a beta of 2.33. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. Tripadvisor Inc has a 52 week low of $29.50 and a 52 week high of $53.58.
Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. Tripadvisor’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. research analysts anticipate that Tripadvisor Inc will post 0.69 earnings per share for the current fiscal year.
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TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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