TripAdvisor, Inc. (NASDAQ:TRIP) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 262.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,195 shares of the travel company's stock after acquiring an additional 149,980 shares during the quarter. New York State Common Retirement Fund owned 0.15% of TripAdvisor worth $2,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TRIP. LPL Financial LLC lifted its position in TripAdvisor by 8.7% in the 4th quarter. LPL Financial LLC now owns 12,511 shares of the travel company's stock valued at $185,000 after purchasing an additional 997 shares during the last quarter. First Hawaiian Bank lifted its position in TripAdvisor by 2.9% during the 1st quarter. First Hawaiian Bank now owns 35,684 shares of the travel company's stock worth $506,000 after buying an additional 1,013 shares in the last quarter. Aster Capital Management DIFC Ltd increased its stake in TripAdvisor by 83.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock worth $50,000 after purchasing an additional 1,557 shares in the last quarter. Arizona State Retirement System boosted its position in TripAdvisor by 5.2% during the first quarter. Arizona State Retirement System now owns 32,655 shares of the travel company's stock worth $463,000 after purchasing an additional 1,623 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of TripAdvisor by 0.5% during the fourth quarter. Deutsche Bank AG now owns 444,809 shares of the travel company's stock worth $6,570,000 after purchasing an additional 2,194 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Insider Buying and Selling

In other TripAdvisor news, CEO Almir Ambeskovic sold 16,643 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the sale, the chief executive officer owned 15,931 shares in the company, valued at approximately $244,222.23. This trade represents a 51.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.10% of the company's stock.

TripAdvisor Stock Down 0.4%

NASDAQ:TRIP traded down $0.08 during trading hours on Friday, reaching $17.82. The company had a trading volume of 1,678,813 shares, compared to its average volume of 5,407,611. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 48.16, a P/E/G ratio of 2.69 and a beta of 1.28. The business's 50-day simple moving average is $15.12 and its two-hundred day simple moving average is $14.82. TripAdvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $18.66. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.88.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.05 by $0.09. TripAdvisor had a net margin of 2.94% and a return on equity of 10.68%. The company had revenue of $398.00 million during the quarter, compared to analysts' expectations of $386.94 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. TripAdvisor's revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts expect that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup assumed coverage on TripAdvisor in a research report on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 price objective on the stock. Wall Street Zen lowered TripAdvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. DA Davidson set a $16.25 target price on TripAdvisor in a research report on Tuesday, July 8th. Mizuho upgraded TripAdvisor to a "hold" rating in a report on Friday, April 18th. Finally, JPMorgan Chase & Co. increased their price objective on TripAdvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, TripAdvisor currently has a consensus rating of "Hold" and an average target price of $17.40.

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.