Oregon Public Employees Retirement Fund lifted its stake in shares of Tripadvisor Inc (NASDAQ:TRIP) by 108.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,444 shares of the travel company’s stock after acquiring an additional 12,736 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Tripadvisor were worth $1,319,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of TRIP. Taylor Hoffman Wealth Management purchased a new position in shares of Tripadvisor during the 4th quarter worth $54,000. IFP Advisors Inc raised its holdings in Tripadvisor by 14.5% in the 4th quarter. IFP Advisors Inc now owns 1,901 shares of the travel company’s stock valued at $102,000 after buying an additional 241 shares during the period. ETF Managers Group LLC raised its holdings in Tripadvisor by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 3,190 shares of the travel company’s stock valued at $172,000 after buying an additional 435 shares during the period. Atlas Capital Advisors LLC purchased a new stake in Tripadvisor in the 3rd quarter valued at about $173,000. Finally, Enlightenment Research LLC purchased a new stake in Tripadvisor in the 4th quarter valued at about $189,000. Institutional investors and hedge funds own 89.03% of the company’s stock.
In other news, SVP Seth J. Kalvert sold 15,653 shares of the business’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $65.14, for a total transaction of $1,019,636.42. Following the completion of the transaction, the senior vice president now directly owns 15,653 shares of the company’s stock, valued at $1,019,636.42. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.10% of the company’s stock.
Several analysts recently issued reports on TRIP shares. Evercore ISI started coverage on shares of Tripadvisor in a report on Monday, October 15th. They issued an “in-line” rating and a $45.00 price objective on the stock. Credit Suisse Group upgraded shares of Tripadvisor from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $44.00 to $51.00 in a report on Thursday, October 25th. Zacks Investment Research upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. BidaskClub upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Finally, ValuEngine upgraded shares of Tripadvisor from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 6th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $55.71.
Shares of Tripadvisor stock traded up $0.18 on Tuesday, reaching $59.72. 9,835 shares of the company were exchanged, compared to its average volume of 2,073,944. Tripadvisor Inc has a 1-year low of $36.27 and a 1-year high of $69.00. The company has a market cap of $8.20 billion, a PE ratio of 125.19, a P/E/G ratio of 3.46 and a beta of 1.49.
TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.
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