Tripadvisor, Inc. (NASDAQ:TRIP) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board decreased its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,281 shares of the travel company’s stock after selling 7,000 shares during the quarter. Public Sector Pension Investment Board’s holdings in Tripadvisor were worth $3,366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boussard & Gavaudan Investment Management LLP acquired a new stake in Tripadvisor in the third quarter worth about $5,159,000. FORA Capital LLC purchased a new position in shares of Tripadvisor in the 3rd quarter valued at approximately $777,000. Blueshift Asset Management LLC acquired a new stake in Tripadvisor in the 3rd quarter worth approximately $299,000. Clark Estates Inc. NY purchased a new stake in Tripadvisor during the 3rd quarter worth approximately $3,138,000. Finally, Wittenberg Investment Management Inc. acquired a new position in Tripadvisor during the 3rd quarter valued at approximately $1,087,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. DA Davidson dropped their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. StockNews.com downgraded Tripadvisor from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. BMO Capital Markets reduced their price objective on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Citigroup dropped their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, Cantor Fitzgerald decreased their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.33.

Tripadvisor Stock Down 2.0 %

TRIP opened at $14.15 on Wednesday. The company has a fifty day moving average of $14.82 and a two-hundred day moving average of $15.86. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 61.52, a PEG ratio of 10.08 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The company had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $527.86 million. During the same quarter in the prior year, the firm posted $0.35 EPS. Tripadvisor’s quarterly revenue was down .2% compared to the same quarter last year. On average, research analysts expect that Tripadvisor, Inc. will post 0.36 earnings per share for the current year.

Tripadvisor Company 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.