Public Employees Retirement System of Ohio Has $30,000 Stock Position in TripAdvisor, Inc. $TRIP

Public Employees Retirement System of Ohio reduced its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 93.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,323 shares of the travel company's stock after selling 33,041 shares during the quarter. Public Employees Retirement System of Ohio's holdings in TripAdvisor were worth $30,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TRIP. Nuveen LLC acquired a new position in TripAdvisor during the 1st quarter worth approximately $32,536,000. Royal Bank of Canada raised its stake in TripAdvisor by 82,306.8% during the 1st quarter. Royal Bank of Canada now owns 1,528,647 shares of the travel company's stock worth $21,661,000 after buying an additional 1,526,792 shares during the period. Ameriprise Financial Inc. raised its stake in TripAdvisor by 27.7% during the 1st quarter. Ameriprise Financial Inc. now owns 5,635,384 shares of the travel company's stock worth $79,852,000 after buying an additional 1,222,958 shares during the period. Assenagon Asset Management S.A. increased its holdings in TripAdvisor by 5,405.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 606,007 shares of the travel company's stock worth $8,587,000 after purchasing an additional 595,000 shares in the last quarter. Finally, GMT Capital Corp bought a new stake in TripAdvisor during the 1st quarter worth approximately $8,081,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TripAdvisor news, insider Seth J. Kalvert sold 10,880 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $218,035.20. Following the completion of the transaction, the insider directly owned 136,914 shares of the company's stock, valued at approximately $2,743,756.56. This represents a 7.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on TRIP shares. DA Davidson set a $16.25 price objective on TripAdvisor in a report on Tuesday, July 8th. UBS Group reissued a "neutral" rating on shares of TripAdvisor in a report on Sunday, August 10th. Citigroup boosted their price objective on TripAdvisor from $16.00 to $19.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. Mizuho started coverage on TripAdvisor in a report on Tuesday, September 30th. They set an "underperform" rating and a $14.00 price objective for the company. Finally, Wall Street Zen raised TripAdvisor from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Eight analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $17.03.

TripAdvisor Stock Performance

Shares of TRIP opened at $15.52 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.43 and a beta of 1.21. The stock has a 50 day moving average of $17.25 and a 200 day moving average of $15.34. TripAdvisor, Inc. has a 12 month low of $10.43 and a 12 month high of $20.16.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The travel company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The business had revenue of $529.00 million during the quarter, compared to analyst estimates of $529.91 million. During the same period in the prior year, the company earned $0.39 earnings per share. TripAdvisor's revenue was up 6.4% compared to the same quarter last year. TripAdvisor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts forecast that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.