Arizona State Retirement System decreased its stake in shares of Tripadvisor Inc (NASDAQ:TRIP) by 17.0% during the 4th quarter, Holdings Channel reports. The firm owned 21,037 shares of the travel company’s stock after selling 4,317 shares during the quarter. Arizona State Retirement System’s holdings in Tripadvisor were worth $1,135,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of TRIP. Jackson Square Partners LLC lifted its holdings in Tripadvisor by 17.8% in the third quarter. Jackson Square Partners LLC now owns 10,987,460 shares of the travel company’s stock worth $561,129,000 after acquiring an additional 1,660,405 shares during the last quarter. Renaissance Technologies LLC bought a new position in Tripadvisor in the third quarter worth about $52,234,000. Macquarie Group Ltd. lifted its holdings in Tripadvisor by 24.7% in the third quarter. Macquarie Group Ltd. now owns 3,202,271 shares of the travel company’s stock worth $163,539,000 after acquiring an additional 634,792 shares during the last quarter. First Trust Advisors LP lifted its holdings in Tripadvisor by 14.5% in the third quarter. First Trust Advisors LP now owns 3,020,070 shares of the travel company’s stock worth $154,235,000 after acquiring an additional 382,771 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Tripadvisor by 145.8% in the third quarter. Deutsche Bank AG now owns 575,001 shares of the travel company’s stock worth $29,363,000 after acquiring an additional 341,090 shares during the last quarter. 89.03% of the stock is currently owned by institutional investors and hedge funds.
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In related news, insider Dermot Halpin sold 17,655 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $56.69, for a total transaction of $1,000,861.95. Following the transaction, the insider now owns 21,791 shares in the company, valued at $1,235,331.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Seth J. Kalvert sold 15,653 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $65.14, for a total transaction of $1,019,636.42. Following the transaction, the senior vice president now owns 15,653 shares in the company, valued at approximately $1,019,636.42. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.
Shares of NASDAQ:TRIP opened at $56.43 on Wednesday. Tripadvisor Inc has a 52 week low of $36.75 and a 52 week high of $69.00. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 53.74, a PEG ratio of 3.33 and a beta of 1.49.
Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, February 12th. The travel company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.15 by $0.12. Tripadvisor had a net margin of 7.00% and a return on equity of 9.27%. The company had revenue of $346.00 million for the quarter, compared to analyst estimates of $342.90 million. During the same quarter last year, the business earned $0.06 earnings per share. Tripadvisor’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts forecast that Tripadvisor Inc will post 1.27 EPS for the current fiscal year.
A number of equities analysts have issued reports on the stock. BidaskClub cut shares of Tripadvisor from a “buy” rating to a “hold” rating in a report on Friday, December 28th. SunTrust Banks raised their target price on shares of Tripadvisor to $66.00 and gave the stock a “hold” rating in a report on Friday, November 9th. Bank of America raised their target price on shares of Tripadvisor from $38.00 to $43.00 and gave the stock an “underperform” rating in a report on Thursday, November 8th. Credit Suisse Group raised their target price on shares of Tripadvisor from $51.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, November 9th. Finally, Piper Jaffray Companies raised their target price on shares of Tripadvisor to $58.00 and gave the stock a “neutral” rating in a report on Wednesday, February 13th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $56.63.
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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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