State of Alaska Department of Revenue boosted its holdings in Tripadvisor Inc (NASDAQ:TRIP) by 8.2% during the third quarter, Holdings Channel reports. The institutional investor owned 28,097 shares of the travel company’s stock after buying an additional 2,127 shares during the period. State of Alaska Department of Revenue’s holdings in Tripadvisor were worth $1,434,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Allianz Asset Management GmbH boosted its stake in Tripadvisor by 5.3% in the 1st quarter. Allianz Asset Management GmbH now owns 1,912,365 shares of the travel company’s stock worth $78,197,000 after buying an additional 96,247 shares during the last quarter. Northern Trust Corp boosted its stake in Tripadvisor by 0.5% in the 2nd quarter. Northern Trust Corp now owns 1,245,609 shares of the travel company’s stock worth $69,393,000 after buying an additional 5,707 shares during the last quarter. Select Equity Group L.P. acquired a new stake in Tripadvisor in the 2nd quarter worth about $55,356,000. Eagle Asset Management Inc. boosted its stake in Tripadvisor by 35.0% in the 2nd quarter. Eagle Asset Management Inc. now owns 906,339 shares of the travel company’s stock worth $50,492,000 after buying an additional 234,908 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in Tripadvisor by 49.4% in the 2nd quarter. Fiera Capital Corp now owns 741,962 shares of the travel company’s stock worth $41,334,000 after buying an additional 245,394 shares during the last quarter. 87.92% of the stock is currently owned by hedge funds and other institutional investors.
TRIP has been the topic of a number of research analyst reports. BidaskClub lowered Tripadvisor from a “buy” rating to a “hold” rating in a research note on Saturday, August 25th. Barclays raised Tripadvisor from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $49.00 to $70.00 in a research note on Wednesday, July 11th. Wells Fargo & Co reissued a “hold” rating and issued a $48.00 price target on shares of Tripadvisor in a research note on Thursday, August 2nd. ValuEngine lowered Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Finally, Cowen reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Tripadvisor in a research note on Thursday, August 2nd. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.12.
NASDAQ TRIP opened at $46.60 on Friday. The stock has a market capitalization of $6.49 billion, a PE ratio of 97.06, a PEG ratio of 3.46 and a beta of 1.75. Tripadvisor Inc has a 1-year low of $29.50 and a 1-year high of $62.36.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Wednesday, August 1st. The travel company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.16. The business had revenue of $433.00 million for the quarter, compared to analyst estimates of $434.86 million. Tripadvisor had a positive return on equity of 4.36% and a negative net margin of 1.40%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. Sell-side analysts anticipate that Tripadvisor Inc will post 0.81 earnings per share for the current fiscal year.
In other news, insider Noel Bertram Watson sold 726 shares of Tripadvisor stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $53.71, for a total value of $38,993.46. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.10% of the company’s stock.
TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.
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