Retirement Systems of Alabama Acquires 50,261 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Retirement Systems of Alabama lifted its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) by 17.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 344,965 shares of the travel company’s stock after purchasing an additional 50,261 shares during the period. Retirement Systems of Alabama’s holdings in Tripadvisor were worth $9,355,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. ARK Investment Management LLC bought a new position in Tripadvisor in the fourth quarter valued at about $195,000. Oak Thistle LLC bought a new position in Tripadvisor in the fourth quarter valued at about $204,000. Palisade Capital Management LLC NJ boosted its holdings in Tripadvisor by 10.6% in the fourth quarter. Palisade Capital Management LLC NJ now owns 7,850 shares of the travel company’s stock valued at $214,000 after acquiring an additional 750 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in Tripadvisor by 29.8% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 7,850 shares of the travel company’s stock valued at $214,000 after acquiring an additional 1,800 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in Tripadvisor in the fourth quarter valued at about $220,000. Institutional investors own 82.89% of the company’s stock.

NASDAQ TRIP opened at $18.47 on Tuesday. The firm has a market cap of $2.58 billion, a P/E ratio of -25.30 and a beta of 1.46. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.23 and a quick ratio of 2.23. The stock’s 50-day moving average is $22.61 and its 200-day moving average is $25.23. Tripadvisor, Inc. has a one year low of $17.43 and a one year high of $40.68.

Tripadvisor (NASDAQ:TRIP – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The travel company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.03. The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $249.70 million. Tripadvisor had a negative return on equity of 12.01% and a negative net margin of 9.80%. Tripadvisor’s revenue was up 113.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.56) earnings per share. Equities analysts anticipate that Tripadvisor, Inc. will post 0.35 EPS for the current year.

TRIP has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on Tripadvisor from $23.00 to $15.00 and set an “underweight” rating on the stock in a report on Wednesday, June 29th. Ascendiant Capital Markets set a $36.00 target price on Tripadvisor in a research note on Monday, June 20th. StockNews.com started coverage on Tripadvisor in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup cut their target price on Tripadvisor from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, May 9th. Finally, Truist Financial cut their target price on Tripadvisor from $57.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.22.

Tripadvisor Profile (Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

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