California Public Employees Retirement System Raises Stake in Tripadvisor Inc (NASDAQ:TRIP)

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California Public Employees Retirement System grew its stake in shares of Tripadvisor Inc (NASDAQ:TRIP) by 41.4% in the third quarter, Holdings Channel reports. The firm owned 225,078 shares of the travel company’s stock after acquiring an additional 65,921 shares during the period. California Public Employees Retirement System’s holdings in Tripadvisor were worth $8,706,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TRIP. Retirement Systems of Alabama lifted its holdings in shares of Tripadvisor by 11.8% during the second quarter. Retirement Systems of Alabama now owns 171,795 shares of the travel company’s stock worth $7,952,000 after purchasing an additional 18,127 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of Tripadvisor by 9.9% during the second quarter. DAVENPORT & Co LLC now owns 21,638 shares of the travel company’s stock worth $1,002,000 after purchasing an additional 1,950 shares during the period. NN Investment Partners Holdings N.V. lifted its holdings in shares of Tripadvisor by 1.0% during the second quarter. NN Investment Partners Holdings N.V. now owns 102,533 shares of the travel company’s stock worth $4,746,000 after purchasing an additional 1,044 shares during the period. Polianta Ltd bought a new position in Tripadvisor during the second quarter worth $1,092,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Tripadvisor by 27.1% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,131 shares of the travel company’s stock worth $1,997,000 after buying an additional 9,200 shares during the last quarter. 85.57% of the stock is owned by hedge funds and other institutional investors.

TRIP opened at $30.84 on Thursday. Tripadvisor Inc has a 1-year low of $29.27 and a 1-year high of $65.41. The company has a market cap of $4.45 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 1.47 and a beta of 1.37. The company has a fifty day moving average price of $38.14 and a two-hundred day moving average price of $42.70.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Tripadvisor had a net margin of 7.44% and a return on equity of 9.18%. The firm had revenue of $428.00 million during the quarter, compared to the consensus estimate of $459.39 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue was down 6.6% compared to the same quarter last year. As a group, analysts forecast that Tripadvisor Inc will post 1.27 earnings per share for the current fiscal year.

The business also recently declared a dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a $3.50 dividend. The ex-dividend date of this dividend is Tuesday, November 19th.

A number of brokerages recently weighed in on TRIP. Stifel Nicolaus lowered their target price on shares of Tripadvisor from $44.00 to $36.00 and set a “hold” rating for the company in a research note on Friday, November 8th. UBS Group lowered their target price on shares of Tripadvisor from $40.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. DA Davidson lowered their target price on shares of Tripadvisor to $44.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Deutsche Bank lowered their target price on shares of Tripadvisor from $54.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, Credit Suisse Group lowered their target price on shares of Tripadvisor from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $47.87.

Tripadvisor Profile

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. 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. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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