Retirement Systems of Alabama raised its position in shares of Tripadvisor Inc (NASDAQ:TRIP) by 215.2% in the third quarter, HoldingsChannel.com reports. The fund owned 158,465 shares of the travel company’s stock after acquiring an additional 108,191 shares during the period. Retirement Systems of Alabama’s holdings in Tripadvisor were worth $8,093,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently modified their holdings of the company. Advisory Services Network LLC boosted its holdings in shares of Tripadvisor by 10,215.8% during the second quarter. Advisory Services Network LLC now owns 1,960 shares of the travel company’s stock worth $119,000 after acquiring an additional 1,941 shares during the period. NumerixS Investment Technologies Inc bought a new stake in shares of Tripadvisor during the second quarter worth approximately $133,000. Tower Research Capital LLC TRC boosted its holdings in shares of Tripadvisor by 72.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock worth $152,000 after acquiring an additional 1,147 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Tripadvisor by 200.0% during the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,000 shares of the travel company’s stock worth $167,000 after acquiring an additional 2,000 shares during the period. Finally, Advisors Preferred LLC bought a new stake in shares of Tripadvisor during the second quarter worth approximately $175,000. Institutional investors own 89.22% of the company’s stock.
NASDAQ TRIP opened at $53.63 on Friday. Tripadvisor Inc has a 1-year low of $29.50 and a 1-year high of $62.36. The company has a market capitalization of $7.17 billion, a PE ratio of 121.26, a price-to-earnings-growth ratio of 3.81 and a beta of 1.47.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, August 1st. The travel company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. Tripadvisor had a negative net margin of 1.40% and a positive return on equity of 4.36%. The company had revenue of $433.00 million during the quarter, compared to the consensus estimate of $434.86 million. During the same period in the previous year, the business earned $0.38 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts predict that Tripadvisor Inc will post 0.82 EPS for the current year.
In other news, insider Noel Bertram Watson sold 726 shares of Tripadvisor stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $53.71, for a total value of $38,993.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by insiders.
A number of brokerages have recently issued reports on TRIP. BidaskClub upgraded Tripadvisor from a “buy” rating to a “strong-buy” rating in a report on Friday, July 20th. ValuEngine upgraded Tripadvisor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 11th. Deutsche Bank boosted their price objective on Tripadvisor from $50.00 to $53.00 and gave the stock a “hold” rating in a report on Tuesday, July 31st. DA Davidson boosted their price objective on Tripadvisor to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, July 10th. Finally, Barclays upgraded Tripadvisor from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $49.00 to $70.00 in a report on Wednesday, July 11th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $47.33.
Tripadvisor Company Profile
TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.
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