State of New Jersey Common Pension Fund D Sells 30,294 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

State of New Jersey Common Pension Fund D lessened its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 18.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 134,616 shares of the travel company's stock after selling 30,294 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.10% of Tripadvisor worth $2,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Tripadvisor by 11.7% in the third quarter. Vanguard Group Inc. now owns 12,084,674 shares of the travel company's stock valued at $200,364,000 after purchasing an additional 1,263,706 shares during the period. Public Sector Pension Investment Board acquired a new stake in Tripadvisor in the third quarter valued at $2,206,000. Moody Aldrich Partners LLC acquired a new stake in Tripadvisor in the fourth quarter valued at $3,520,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Tripadvisor by 40.4% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 71,977 shares of the travel company's stock valued at $1,193,000 after purchasing an additional 20,721 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Tripadvisor by 8.2% in 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 purchasing an additional 83,290 shares during the period. Institutional investors own 98.99% of the company's stock.

Tripadvisor Stock Down 1.6 %

NASDAQ TRIP traded down $0.45 during trading hours on Monday, hitting $27.00. The company's stock had a trading volume of 1,682,893 shares, compared to its average volume of 2,366,455. Tripadvisor, Inc. has a 52 week low of $14.15 and a 52 week high of $28.76. The company has a market capitalization of $3.72 billion, a PE ratio of 450.00, a price-to-earnings-growth ratio of 1.73 and a beta of 1.57. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02. The company's 50-day simple moving average is $26.94 and its two-hundred day simple moving average is $22.08.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.14. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. The business had revenue of $390.00 million for the quarter, compared to analysts' expectations of $372.93 million. Research analysts anticipate that Tripadvisor, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TRIP has been the subject of a number of recent research reports. UBS Group increased their price objective on Tripadvisor from $21.00 to $27.00 and gave the company a "neutral" rating in a report on Friday, February 16th. TheStreet upgraded Tripadvisor from a "d+" rating to a "c" rating in a report on Wednesday, February 14th. Mizuho increased their price target on Tripadvisor from $20.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, February 16th. Wedbush reiterated a "neutral" rating and set a $30.00 price target on shares of Tripadvisor in a report on Thursday, April 18th. Finally, Truist Financial increased their price target on Tripadvisor from $18.00 to $28.00 and gave the stock a "hold" rating in a report on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $24.12.

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.