State Board of Administration of Florida Retirement System grew its holdings in shares of Tripadvisor Inc (NASDAQ:TRIP) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 149,632 shares of the travel company’s stock after purchasing an additional 1,644 shares during the period. State Board of Administration of Florida Retirement System owned 0.11% of Tripadvisor worth $6,926,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Comerica Bank grew its position in Tripadvisor by 3.8% in the 2nd quarter. Comerica Bank now owns 20,168 shares of the travel company’s stock valued at $920,000 after buying an additional 729 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Tripadvisor in the 2nd quarter valued at about $986,000. Cullen Frost Bankers Inc. bought a new position in Tripadvisor in the 2nd quarter valued at about $27,000. Amica Mutual Insurance Co. bought a new position in Tripadvisor in the 2nd quarter valued at about $135,000. Finally, Pendal Group Ltd grew its position in Tripadvisor by 28.0% in the 2nd quarter. Pendal Group Ltd now owns 52,201 shares of the travel company’s stock valued at $2,416,000 after buying an additional 11,423 shares in the last quarter. 84.54% of the stock is currently owned by institutional investors.
Shares of NASDAQ:TRIP traded up $0.24 during trading hours on Wednesday, hitting $36.05. 85,455 shares of the company’s stock traded hands, compared to its average volume of 1,785,470. Tripadvisor Inc has a 52 week low of $35.41 and a 52 week high of $69.00. The company’s fifty day simple moving average is $42.53 and its two-hundred day simple moving average is $48.28. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 1.83 and a beta of 1.33.
In other Tripadvisor news, insider Dermot Halpin sold 3,409 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.23, for a total transaction of $137,144.07. Following the completion of the sale, the insider now directly owns 752 shares of the company’s stock, valued at $30,252.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ernst 02494 Teunissen sold 8,117 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $45.60, for a total transaction of $370,135.20. Following the sale, the chief financial officer now directly owns 14,599 shares of the company’s stock, valued at $665,714.40. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.
TRIP has been the subject of a number of recent analyst reports. SunTrust Banks upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Wednesday, June 19th. BidaskClub lowered shares of Tripadvisor from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 15th. Wedbush reiterated a “neutral” rating and issued a $50.00 target price (down previously from $60.00) on shares of Tripadvisor in a research report on Thursday, May 9th. ValuEngine upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Standpoint Research initiated coverage on shares of Tripadvisor in a research report on Tuesday, July 16th. They issued a “buy” rating and a $60.00 target price for the company. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $55.25.
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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