Illinois Municipal Retirement Fund Sells 1,410 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Illinois Municipal Retirement Fund lessened its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 2.3% in the 4th quarter, HoldingsChannel reports. The fund owned 59,871 shares of the travel company’s stock after selling 1,410 shares during the period. Illinois Municipal Retirement Fund’s holdings in Tripadvisor were worth $884,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. True Wealth Design LLC acquired a new position in Tripadvisor during the 3rd quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new position in Tripadvisor during the 3rd quarter valued at approximately $28,000. Bogart Wealth LLC acquired a new position in Tripadvisor during the 4th quarter valued at approximately $30,000. Blue Trust Inc. increased its stake in Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after purchasing an additional 1,543 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Tripadvisor by 204.7% during the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after purchasing an additional 2,469 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Stock Performance

Shares of TRIP stock opened at $14.80 on Monday. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 740.37, a price-to-earnings-growth ratio of 9.01 and a beta of 1.34. The stock has a 50 day simple moving average of $16.10 and a 200-day simple moving average of $15.04. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The company had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. On average, equities analysts forecast that Tripadvisor, Inc. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

TRIP has been the topic of a number of recent analyst reports. Cantor Fitzgerald cut their price target on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, February 21st. DA Davidson reiterated a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a research note on Thursday, February 20th. B. Riley increased their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Wedbush reiterated a “neutral” rating and issued a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Tripadvisor presently has an average rating of “Hold” and a consensus target price of $17.71.

About Tripadvisor

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.