New York State Common Retirement Fund cut its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 469,468 shares of the travel company’s stock after selling 15,100 shares during the quarter. New York State Common Retirement Fund’s holdings in TripAdvisor were worth $9,197,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in TRIP. Steward Partners Investment Advisory LLC grew its position in shares of TripAdvisor by 319.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,313 shares of the travel company’s stock worth $25,000 after buying an additional 1,000 shares during the period. Captrust Financial Advisors acquired a new position in TripAdvisor in the 2nd quarter valued at $28,000. Private Advisor Group LLC acquired a new position in TripAdvisor in the 2nd quarter valued at $29,000. Cedar Wealth Management LLC bought a new stake in shares of TripAdvisor during the 2nd quarter valued at $53,000. Finally, Citizens Financial Group Inc RI bought a new stake in shares of TripAdvisor during the 2nd quarter valued at $72,000. Institutional investors own 69.16% of the company’s stock.
TRIP stock opened at $25.91 on Friday. TripAdvisor, Inc. has a twelve month low of $13.73 and a twelve month high of $31.67. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average is $21.09 and its 200-day moving average is $20.62. The firm has a market capitalization of $3.49 billion, a PE ratio of -32.80 and a beta of 1.40.
TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, November 5th. The travel company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.42) by $0.25. TripAdvisor had a negative return on equity of 4.61% and a negative net margin of 9.45%. The company had revenue of $151.00 million for the quarter, compared to analyst estimates of $146.33 million. During the same quarter last year, the company earned $0.58 earnings per share. The company’s revenue for the quarter was down 64.7% on a year-over-year basis. On average, equities research analysts anticipate that TripAdvisor, Inc. will post -1.62 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on the company. Needham & Company LLC cut their target price on TripAdvisor from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, November 9th. BidaskClub upgraded TripAdvisor from a “strong sell” rating to a “sell” rating in a research report on Friday, October 23rd. Stifel Nicolaus restated a “hold” rating and set a $21.00 price objective (up from $15.00) on shares of TripAdvisor in a research report on Sunday, August 9th. Wells Fargo & Company upped their price objective on TripAdvisor from $20.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Finally, DA Davidson increased their target price on TripAdvisor from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.50.
TripAdvisor Company Profile
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages.
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