Posted by Defense World Staff on Jun 9th, 2024
Treasurer of the State of North Carolina decreased its holdings in Tripadvisor, Inc. (NASDAQ:TRIP – Free Report) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,678 shares of the travel company’s stock after selling 1,090 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Tripadvisor were worth $1,027,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Swiss National Bank lifted its holdings in Tripadvisor by 1.9% during the third quarter. Swiss National Bank now owns 241,700 shares of the travel company’s stock valued at $4,007,000 after purchasing an additional 4,500 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Tripadvisor by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,095,471 shares of the travel company’s stock valued at $18,163,000 after acquiring an additional 83,290 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Tripadvisor by 7.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 164,910 shares of the travel company’s stock valued at $2,734,000 after acquiring an additional 10,937 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Tripadvisor by 28.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 27,096 shares of the travel company’s stock worth $449,000 after acquiring an additional 6,029 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in shares of Tripadvisor by 564.6% during the third quarter. Jupiter Asset Management Ltd. now owns 317,018 shares of the travel company’s stock worth $5,256,000 after purchasing an additional 269,315 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.
Tripadvisor Price Performance
TRIP stock opened at $18.58 on Friday. The business’s fifty day moving average price is $22.65 and its 200 day moving average price is $22.72. Tripadvisor, Inc. has a 12-month low of $14.15 and a 12-month high of $28.76. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $2.59 billion, a PE ratio of 123.87, a P/E/G ratio of 1.66 and a beta of 1.44.
Tripadvisor (NASDAQ:TRIP – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The travel company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. Tripadvisor had a net margin of 1.32% and a return on equity of 12.03%. The company had revenue of $395.00 million for the quarter, compared to analyst estimates of $390.93 million. On average, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.62 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts have weighed in on TRIP shares. Wedbush restated a “neutral” rating and issued a $21.00 price objective on shares of Tripadvisor in a report on Friday, May 24th. DA Davidson downgraded shares of Tripadvisor from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $31.00 to $20.00 in a research note on Thursday, May 9th. BMO Capital Markets dropped their price objective on shares of Tripadvisor from $23.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, May 9th. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Finally, JPMorgan Chase & Co. lowered their target price on Tripadvisor from $25.00 to $17.00 and set an “underweight” rating on the stock in a report on Thursday, May 9th. Three 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.76.
View Our Latest Report on TRIP
About Tripadvisor
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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