Retirement Systems of Alabama Has $9.24 Million Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Retirement Systems of Alabama lessened its position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 48.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 429,140 shares of the travel company's stock after selling 405,860 shares during the quarter. Retirement Systems of Alabama owned about 0.31% of Tripadvisor worth $9,239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Maryland State Retirement & Pension System bought a new stake in shares of Tripadvisor in the third quarter valued at approximately $783,000. Raymond James & Associates grew its position in Tripadvisor by 1.7% in the 3rd quarter. Raymond James & Associates now owns 264,162 shares of the travel company's stock worth $4,380,000 after purchasing an additional 4,375 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Tripadvisor by 36.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 37,982 shares of the travel company's stock worth $630,000 after purchasing an additional 10,181 shares during the period. New York State Teachers Retirement System raised its position in shares of Tripadvisor by 6.7% during the third quarter. New York State Teachers Retirement System now owns 129,162 shares of the travel company's stock valued at $2,142,000 after buying an additional 8,125 shares during the last quarter. Finally, Sicart Associates LLC lifted its stake in shares of Tripadvisor by 4.0% in the third quarter. Sicart Associates LLC now owns 72,211 shares of the travel company's stock valued at $1,197,000 after buying an additional 2,750 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on TRIP shares. The Goldman Sachs Group upped their price target on Tripadvisor from $23.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, February 20th. Mizuho lifted their price target on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, February 16th. StockNews.com upgraded shares of Tripadvisor from a "hold" rating to a "buy" rating in a research note on Friday, February 23rd. Wedbush reiterated a "neutral" rating and set a $30.00 target price on shares of Tripadvisor in a research report on Thursday, April 18th. Finally, Citigroup upped their target price on shares of Tripadvisor from $23.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, April 17th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Tripadvisor currently has an average rating of "Hold" and an average target price of $24.12.

Tripadvisor Trading Down 2.9 %

TRIP traded down $0.76 during mid-day trading on Friday, reaching $25.79. The stock had a trading volume of 2,498,368 shares, compared to its average volume of 2,346,228. The firm's fifty day simple moving average is $26.91 and its two-hundred day simple moving average is $22.21. The stock has a market capitalization of $3.56 billion, a P/E ratio of 429.83, a P/E/G ratio of 1.66 and a beta of 1.56. Tripadvisor, Inc. has a 52 week low of $14.15 and a 52 week high of $28.76. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.27 and a current ratio of 2.27.

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

Tripadvisor Profile

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.