Retirement Systems of Alabama boosted its position in TripAdvisor Inc. (NASDAQ:TRIP) by 112.6% during the second quarter, Holdings Channel reports. The institutional investor owned 122,572 shares of the travel company’s stock after buying an additional 64,925 shares during the period. Retirement Systems of Alabama’s holdings in TripAdvisor were worth $7,881,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of TRIP. Canada Pension Plan Investment Board raised its stake in shares of TripAdvisor by 33.3% in the first quarter. Canada Pension Plan Investment Board now owns 2,800 shares of the travel company’s stock worth $186,000 after buying an additional 700 shares during the period. FDO Partners LLC bought a new stake in shares of TripAdvisor during the first quarter worth about $229,000. Magnetar Financial LLC bought a new stake in shares of TripAdvisor during the first quarter worth about $294,000. LS Investment Advisors LLC raised its stake in shares of TripAdvisor by 8.3% in the second quarter. LS Investment Advisors LLC now owns 4,529 shares of the travel company’s stock worth $291,000 after buying an additional 348 shares during the period. Finally, Stone Ridge Asset Management LLC raised its stake in shares of TripAdvisor by 37.1% in the first quarter. Stone Ridge Asset Management LLC now owns 4,800 shares of the travel company’s stock worth $319,000 after buying an additional 1,300 shares during the period. 87.79% of the stock is currently owned by institutional investors.
TripAdvisor Inc. (NASDAQ:TRIP) traded down 1.30% during midday trading on Friday, reaching $64.00. The company had a trading volume of 1,185,144 shares. The company has a market capitalization of $9.32 billion, a PE ratio of 67.37 and a beta of 2.35. The stock’s 50 day moving average is $62.32 and its 200 day moving average is $64.53. TripAdvisor Inc. has a one year low of $53.48 and a one year high of $87.50.
TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, August 3rd. The travel company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.04. TripAdvisor had a return on equity of 13.55% and a net margin of 9.41%. The business had revenue of $391 million for the quarter. During the same period in the prior year, the firm earned $0.54 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities research analysts forecast that TripAdvisor Inc. will post $1.58 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on the company. Citigroup Inc. raised TripAdvisor to a “market perform” rating in a research report on Thursday, July 28th. They noted that the move was a valuation call. Cantor Fitzgerald reaffirmed a “hold” rating and set a $70.00 target price (down from $74.00) on shares of TripAdvisor in a research report on Tuesday, July 5th. Jefferies Group reaffirmed a “hold” rating on shares of TripAdvisor in a research report on Monday, July 11th. Raymond James Financial Inc. raised TripAdvisor from an “underperform” rating to a “market perform” rating in a research report on Thursday, July 28th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $73.00 target price on shares of TripAdvisor in a research report on Friday, August 5th. Four investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $69.54.
In other news, insider Dermot Halpin sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $61.77, for a total transaction of $617,700.00. Following the completion of the sale, the insider now owns 10,900 shares in the company, valued at $673,293. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Viator CEO Barrie Seidenberg sold 4,274 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $60.77, for a total value of $259,730.98. Following the sale, the insider now owns 286 shares of the company’s stock, valued at approximately $17,380.22. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.
TripAdvisor Company Profile
TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.
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