New Mexico Educational Retirement Board lessened its stake in Tripadvisor Inc (NASDAQ:TRIP) by 4.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 8,028 shares of the travel company’s stock after selling 400 shares during the period. New Mexico Educational Retirement Board’s holdings in Tripadvisor were worth $311,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of TRIP. Cullen Frost Bankers Inc. purchased a new position in Tripadvisor in the 2nd quarter valued at approximately $27,000. MUFG Americas Holdings Corp boosted its position in Tripadvisor by 136.1% in the 2nd quarter. MUFG Americas Holdings Corp now owns 687 shares of the travel company’s stock valued at $32,000 after buying an additional 396 shares during the period. Glassman Wealth Services boosted its position in Tripadvisor by 4,518.8% in the 2nd quarter. Glassman Wealth Services now owns 739 shares of the travel company’s stock valued at $34,000 after buying an additional 723 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Tripadvisor in the 3rd quarter valued at approximately $37,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in Tripadvisor in the 2nd quarter valued at approximately $79,000. Hedge funds and other institutional investors own 83.85% of the company’s stock.
Several brokerages have commented on TRIP. DA Davidson decreased their price target on shares of Tripadvisor to $44.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Credit Suisse Group decreased their price target on shares of Tripadvisor from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. BidaskClub raised shares of Tripadvisor from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 28th. Deutsche Bank decreased their price target on shares of Tripadvisor from $54.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Finally, Bank of America decreased their price target on shares of Tripadvisor from $43.00 to $40.00 and set an “underperform” rating for the company in a research report on Friday, August 9th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $44.40.
Tripadvisor stock opened at $28.48 on Tuesday. The stock has a market cap of $3.96 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The company has a fifty day simple moving average of $34.61 and a 200-day simple moving average of $40.58. Tripadvisor Inc has a 12-month low of $27.66 and a 12-month high of $65.41.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The business had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $459.39 million. Tripadvisor had a net margin of 7.44% and a return on equity of 9.18%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. On average, sell-side analysts expect that Tripadvisor Inc will post 1.18 earnings per share for the current year.
The company also recently disclosed a dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a dividend of $3.50 per share. The ex-dividend date is Tuesday, November 19th.
Tripadvisor Company Profile
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.
Further Reading: Oversold
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