Tripadvisor, Inc. (NASDAQ:TRIP) Holdings Decreased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its position in Tripadvisor, Inc. (NASDAQ:TRIPFree Report) by 9.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,247 shares of the travel company’s stock after selling 4,950 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Tripadvisor were worth $783,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. acquired a new position in Tripadvisor during the 2nd quarter worth $34,000. DekaBank Deutsche Girozentrale acquired a new position in Tripadvisor during the 3rd quarter worth $34,000. Dark Forest Capital Management LP boosted its position in Tripadvisor by 1,227.3% during the 1st quarter. Dark Forest Capital Management LP now owns 1,699 shares of the travel company’s stock worth $34,000 after acquiring an additional 1,571 shares during the period. CWM LLC boosted its position in Tripadvisor by 1,384.6% during the 3rd quarter. CWM LLC now owns 5,018 shares of the travel company’s stock worth $83,000 after acquiring an additional 4,680 shares during the period. Finally, State of Wyoming boosted its position in Tripadvisor by 142.0% during the 2nd quarter. State of Wyoming now owns 7,783 shares of the travel company’s stock worth $128,000 after acquiring an additional 4,567 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Stock Performance

Shares of NASDAQ TRIP opened at $27.99 on Wednesday. The business’s 50-day moving average price is $24.97 and its two-hundred day moving average price is $20.27. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.27 and a quick ratio of 2.27. Tripadvisor, Inc. has a one year low of $14.15 and a one year high of $28.76. The company has a market capitalization of $3.86 billion, a P/E ratio of 466.50, a price-to-earnings-growth ratio of 1.81 and a beta of 1.56.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wedbush reiterated a “neutral” rating and set a $20.00 price target on shares of Tripadvisor in a research report on Thursday, February 15th. BMO Capital Markets upped their price objective on Tripadvisor from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Ascendiant Capital Markets upped their price objective on Tripadvisor from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, December 29th. Truist Financial upped their price objective on Tripadvisor from $18.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, March 14th. Finally, UBS Group boosted their target price on Tripadvisor from $21.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.94.

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Tripadvisor Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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