Texas Permanent School Fund trimmed its position in shares of Tripadvisor Inc (NASDAQ:TRIP) by 12.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,964 shares of the travel company’s stock after selling 3,186 shares during the period. Texas Permanent School Fund’s holdings in Tripadvisor were worth $1,173,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in TRIP. Strs Ohio raised its position in shares of Tripadvisor by 34.1% during the third quarter. Strs Ohio now owns 6,326 shares of the travel company’s stock valued at $323,000 after buying an additional 1,609 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in Tripadvisor by 13.7% in the third quarter. Cornerstone Wealth Management LLC now owns 20,600 shares of the travel company’s stock worth $490,000 after purchasing an additional 2,476 shares in the last quarter. Oakbrook Investments LLC raised its position in Tripadvisor by 34.3% in the third quarter. Oakbrook Investments LLC now owns 6,650 shares of the travel company’s stock worth $340,000 after purchasing an additional 1,700 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its position in Tripadvisor by 3,977.0% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,107,553 shares of the travel company’s stock worth $107,632,000 after purchasing an additional 2,055,859 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Tripadvisor by 88.4% in the third quarter. Nisa Investment Advisors LLC now owns 41,540 shares of the travel company’s stock worth $2,121,000 after purchasing an additional 19,496 shares in the last quarter. Institutional investors own 89.58% of the company’s stock.
In other Tripadvisor news, insider Noel Bertram Watson sold 726 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $53.71, for a total transaction of $38,993.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.10% of the stock is currently owned by corporate insiders.
Shares of Tripadvisor stock opened at $63.30 on Friday. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 79.55, a PEG ratio of 4.57 and a beta of 1.48. Tripadvisor Inc has a 1-year low of $29.50 and a 1-year high of $69.00.
Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, November 7th. The travel company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.24. The firm had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $469.09 million. Tripadvisor had a net margin of 1.38% and a return on equity of 7.56%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 earnings per share. On average, sell-side analysts predict that Tripadvisor Inc will post 0.83 EPS for the current fiscal year.
Several research firms recently issued reports on TRIP. SunTrust Banks increased their price target on shares of Tripadvisor to $66.00 and gave the stock a “hold” rating in a research report on Friday. Cowen reissued a “hold” rating and issued a $47.00 price target on shares of Tripadvisor in a research report on Thursday, August 2nd. Bank of America increased their price target on shares of Tripadvisor from $38.00 to $43.00 and gave the stock an “underperform” rating in a research report on Thursday. Zacks Investment Research lowered shares of Tripadvisor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, Evercore ISI began coverage on shares of Tripadvisor in a research report on Monday, October 15th. They issued an “in-line” rating and a $45.00 price target for the company. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $53.17.
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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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