Louisiana State Employees Retirement System Makes New Investment in Tripadvisor, Inc. (NASDAQ:TRIP)

Louisiana State Employees Retirement System bought a new position in Tripadvisor, Inc. (NASDAQ:TRIP) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 54,100 shares of the travel company’s stock, valued at approximately $1,165,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Moody Aldrich Partners LLC acquired a new stake in shares of Tripadvisor during the 4th quarter worth about $3,520,000. Meeder Asset Management Inc. acquired a new stake in shares of Tripadvisor during the 4th quarter worth about $173,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Tripadvisor by 3.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 143,152 shares of the travel company’s stock worth $3,082,000 after purchasing an additional 4,412 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Tripadvisor by 1.1% during the 4th quarter. New York State Teachers Retirement System now owns 130,532 shares of the travel company’s stock worth $2,810,000 after purchasing an additional 1,370 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Tripadvisor by 2,053.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock valued at $46,000 after acquiring an additional 2,053 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Tripadvisor Price Performance

Shares of NASDAQ TRIP opened at $26.12 on Wednesday. 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, Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $28.76. The firm has a market capitalization of $3.60 billion, a PE ratio of 435.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.57. The stock’s 50-day simple moving average is $26.93 and its 200-day simple moving average is $21.77.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.14. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. The business had revenue of $390.00 million for the quarter, compared to analyst estimates of $372.93 million. As a group, equities research analysts forecast that Tripadvisor, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TRIP shares. StockNews.com upgraded Tripadvisor from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. The Goldman Sachs Group raised their target price on Tripadvisor from $23.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. BMO Capital Markets raised their target price on Tripadvisor from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Mizuho raised their target price on Tripadvisor from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Finally, TheStreet upgraded Tripadvisor from a “d+” rating to a “c” rating in a report on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.12.

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.