Retirement Systems of Alabama Cuts Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Retirement Systems of Alabama decreased its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 48.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 429,140 shares of the travel company’s stock after selling 405,860 shares during the period. Retirement Systems of Alabama owned approximately 0.31% of Tripadvisor worth $9,239,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TRIP. Vanguard Group Inc. grew its position in Tripadvisor by 11.7% in the third quarter. Vanguard Group Inc. now owns 12,084,674 shares of the travel company’s stock worth $200,364,000 after acquiring an additional 1,263,706 shares in the last quarter. AQR Capital Management LLC grew its position in Tripadvisor by 38.1% in the third quarter. AQR Capital Management LLC now owns 5,115,807 shares of the travel company’s stock worth $84,820,000 after acquiring an additional 1,410,932 shares in the last quarter. Kettle Hill Capital Management LLC purchased a new position in Tripadvisor in the third quarter worth about $19,626,000. Charles Schwab Investment Management Inc. grew its position in Tripadvisor by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,095,471 shares of the travel company’s stock worth $18,163,000 after acquiring an additional 83,290 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. purchased a new position in Tripadvisor in the third quarter worth about $16,431,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Stock Up 0.9 %

TRIP opened at $26.55 on Friday. Tripadvisor, Inc. has a twelve month low of $14.15 and a twelve month high of $28.76. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average price of $26.92 and a 200 day moving average price of $22.18. The company has a market cap of $3.66 billion, a PE ratio of 442.50, a price-to-earnings-growth ratio of 1.66 and a beta of 1.56.

Tripadvisor (NASDAQ:TRIP) last released its quarterly 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 net margin of 0.56% and a return on equity of 11.69%. The firm had revenue of $390.00 million during the quarter, compared to the consensus estimate of $372.93 million. Sell-side analysts expect that Tripadvisor, Inc. will post 0.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TRIP shares. TheStreet upgraded Tripadvisor from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th. Wedbush reissued a “neutral” rating and issued a $30.00 price objective on shares of Tripadvisor in a research note on Thursday, April 18th. BMO Capital Markets raised their price objective on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Truist Financial raised their price objective on shares of Tripadvisor from $18.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Finally, StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.