New York State Common Retirement Fund Has $4.70 Million Stock Holdings in TripAdvisor, Inc. $TRIP

New York State Common Retirement Fund lifted its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 73.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 359,870 shares of the travel company’s stock after purchasing an additional 152,675 shares during the quarter. New York State Common Retirement Fund’s holdings in TripAdvisor were worth $4,696,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TRIP. Smartleaf Asset Management LLC boosted its position in TripAdvisor by 86.9% in the first quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock valued at $43,000 after buying an additional 1,420 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of TripAdvisor by 419.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company’s stock valued at $55,000 after acquiring an additional 3,144 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of TripAdvisor by 376.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,127 shares of the travel company’s stock worth $67,000 after acquiring an additional 4,052 shares in the last quarter. Quarry LP grew its position in TripAdvisor by 571.0% during the 1st quarter. Quarry LP now owns 5,697 shares of the travel company’s stock worth $81,000 after acquiring an additional 4,848 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in TripAdvisor by 1,183.2% during the 1st quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock valued at $85,000 after purchasing an additional 5,916 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays reduced their price objective on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TripAdvisor in a research report on Monday, December 1st. Sanford C. Bernstein reissued an “outperform” rating and set a $20.00 price objective on shares of TripAdvisor in a report on Friday, November 7th. Mizuho set a $17.00 target price on shares of TripAdvisor and gave the stock a “neutral” rating in a research note on Friday, November 14th. Finally, Citigroup upped their target price on shares of TripAdvisor from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, TripAdvisor has an average rating of “Reduce” and an average price target of $16.66.

TripAdvisor Stock Performance

TripAdvisor stock opened at $15.32 on Friday. The company has a market cap of $1.79 billion, a PE ratio of 23.94, a PEG ratio of 2.95 and a beta of 1.01. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.21. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $20.16. The company’s 50-day moving average is $15.48 and its two-hundred day moving average is $16.00.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. TripAdvisor had a net margin of 4.23% and a return on equity of 14.77%. The business had revenue of $553.00 million during the quarter, compared to the consensus estimate of $562.92 million. During the same period in the previous year, the firm posted $0.50 earnings per share. TripAdvisor’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts anticipate that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

Insider Activity at TripAdvisor

In other news, insider Seth J. Kalvert sold 10,880 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $20.04, for a total value of $218,035.20. Following the transaction, the insider owned 136,914 shares of the company’s stock, valued at $2,743,756.56. This represents a 7.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.10% of the company’s stock.

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.