50,800 Shares in TripAdvisor, Inc. $TRIP Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in TripAdvisor, Inc. (NASDAQ:TRIP) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 50,800 shares of the travel company’s stock, valued at approximately $542,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of TripAdvisor by 295.2% in the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock valued at $33,000 after purchasing an additional 1,718 shares during the period. Kestra Advisory Services LLC acquired a new stake in TripAdvisor during the 4th quarter worth approximately $33,000. Rockefeller Capital Management L.P. lifted its holdings in TripAdvisor by 192.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock worth $40,000 after buying an additional 1,821 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in TripAdvisor by 308.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock valued at $53,000 after buying an additional 3,078 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new position in TripAdvisor in the 3rd quarter valued at approximately $58,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total value of $98,400.00. Following the completion of the sale, the chief executive officer owned 34,396 shares in the company, valued at approximately $423,070.80. The trade was a 18.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.

TripAdvisor Stock Performance

Shares of TRIP stock opened at $13.72 on Wednesday. The stock’s 50-day moving average is $11.65 and its two-hundred day moving average is $11.77. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 137.21, a PEG ratio of 2.72 and a beta of 0.86. TripAdvisor, Inc. has a 1 year low of $9.01 and a 1 year high of $20.16. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The firm had revenue of $382.40 million during the quarter, compared to analysts’ expectations of $384.69 million. TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. Analysts predict that TripAdvisor, Inc. will post 0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TRIP shares. Bank of America raised TripAdvisor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $14.00 to $15.00 in a research report on Friday, March 27th. UBS Group lowered their target price on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a research note on Monday, April 27th. DA Davidson upped their price target on TripAdvisor from $10.50 to $15.50 and gave the stock a “neutral” rating in a report on Monday, June 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of TripAdvisor in a research note on Friday, May 15th. Finally, Barclays cut their target price on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.19.

TripAdvisor Company Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.