New York State Common Retirement Fund Sells 10,794 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

New York State Common Retirement Fund trimmed its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,539 shares of the travel company’s stock after selling 10,794 shares during the period. New York State Common Retirement Fund owned about 0.07% of Tripadvisor worth $2,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale purchased a new stake in Tripadvisor during the 3rd quarter valued at about $34,000. International Assets Investment Management LLC increased its stake in shares of Tripadvisor by 2,053.0% in the fourth quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock worth $46,000 after buying an additional 2,053 shares during the period. CWM LLC raised its holdings in Tripadvisor by 40.4% during the 4th quarter. CWM LLC now owns 7,047 shares of the travel company’s stock valued at $152,000 after buying an additional 2,029 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Tripadvisor during the 4th quarter valued at $173,000. Finally, CIBC Asset Management Inc bought a new stake in Tripadvisor in the 3rd quarter worth $181,000. 98.99% of the stock is owned by institutional investors.

Tripadvisor Stock Down 28.7 %

TRIP stock opened at $18.16 on Thursday. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.02. The business has a 50 day moving average of $26.64 and a 200 day moving average of $22.48. Tripadvisor, Inc. has a twelve month low of $14.15 and a twelve month high of $28.76. The firm has a market cap of $2.50 billion, a PE ratio of 302.67, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.14. The firm had revenue of $390.00 million during the quarter, compared to the consensus estimate of $372.93 million. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. On average, research analysts forecast that Tripadvisor, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $34.00 price objective (up from $27.00) on shares of Tripadvisor in a research note on Friday, February 16th. UBS Group lifted their price objective on Tripadvisor from $21.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. The Goldman Sachs Group boosted their target price on Tripadvisor from $23.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Truist Financial raised their price target on Tripadvisor from $18.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Finally, Citigroup boosted their price objective on shares of Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $24.12.

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.