Public Sector Pension Investment Board Sells 7,000 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Public Sector Pension Investment Board cut its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 232,281 shares of the travel company’s stock after selling 7,000 shares during the period. Public Sector Pension Investment Board owned approximately 0.17% of Tripadvisor worth $3,366,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock valued at $73,431,000 after acquiring an additional 3,173,817 shares during the last quarter. River Road Asset Management LLC lifted its position in Tripadvisor by 33.3% during the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after purchasing an additional 917,689 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Tripadvisor by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock worth $48,686,000 after buying an additional 95,138 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Tripadvisor by 53.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after buying an additional 822,712 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in shares of Tripadvisor by 4.9% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company’s stock valued at $40,822,000 after buying an additional 107,154 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TRIP. B. Riley lifted their price target on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group cut their target price on Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. UBS Group dropped their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. BMO Capital Markets reduced their target price on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Finally, BTIG Research dropped their price target on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Stock Performance

Shares of TRIP stock opened at $14.15 on Wednesday. The firm has a market cap 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, Inc. has a 52-week low of $12.93 and a 52-week high of $28.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average is $14.82 and its 200 day moving average is $15.86.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The business’s revenue was down .2% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. On average, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.36 EPS for the current fiscal year.

Tripadvisor 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.