30,827 Shares in Tripadvisor Inc (TRIP) Acquired by Teacher Retirement System of Texas
Teacher Retirement System of Texas acquired a new stake in shares of Tripadvisor Inc (NASDAQ:TRIP) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 30,827 shares of the travel company’s stock, valued at approximately $1,062,000.
A number of other large investors have also recently modified their holdings of the stock. Pacer Advisors Inc. grew its stake in Tripadvisor by 11.5% during the third quarter. Pacer Advisors Inc. now owns 18,309 shares of the travel company’s stock valued at $742,000 after acquiring an additional 1,884 shares in the last quarter. Gabelli Funds LLC grew its stake in Tripadvisor by 36.4% during the third quarter. Gabelli Funds LLC now owns 7,500 shares of the travel company’s stock valued at $304,000 after acquiring an additional 2,000 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its stake in Tripadvisor by 26.0% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 11,385 shares of the travel company’s stock valued at $392,000 after acquiring an additional 2,352 shares in the last quarter. FNY Managed Accounts LLC purchased a new position in Tripadvisor during the third quarter valued at approximately $101,000. Finally, Victory Capital Management Inc. grew its stake in Tripadvisor by 11.4% during the third quarter. Victory Capital Management Inc. now owns 25,420 shares of the travel company’s stock valued at $1,030,000 after acquiring an additional 2,594 shares in the last quarter. 79.63% of the stock is owned by institutional investors.
In related news, CFO Ernst 02494 Teunissen sold 9,457 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total transaction of $378,280.00. Following the completion of the sale, the chief financial officer now directly owns 13,866 shares in the company, valued at approximately $554,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dermot Halpin sold 26,313 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total transaction of $1,118,039.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,116 shares of company stock valued at $1,508,256. Company insiders own 1.09% of the company’s stock.
Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, February 14th. The travel company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). The business had revenue of $321.00 million during the quarter, compared to the consensus estimate of $309.12 million. Tripadvisor had a positive return on equity of 5.63% and a negative net margin of 1.22%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. research analysts predict that Tripadvisor Inc will post 0.63 earnings per share for the current year.
Tripadvisor announced that its board has approved a share buyback plan on Wednesday, February 14th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the travel company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
A number of research firms have commented on TRIP. Zacks Investment Research raised shares of Tripadvisor from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Jefferies Group reissued a “sell” rating and issued a $27.00 price target on shares of Tripadvisor in a research note on Friday, November 10th. Royal Bank of Canada cut their price target on shares of Tripadvisor from $38.00 to $34.00 and set a “sector perform” rating for the company in a research note on Monday, November 13th. Barclays cut their price target on shares of Tripadvisor from $45.00 to $35.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 8th. Finally, Susquehanna Bancshares cut their price target on shares of Tripadvisor from $32.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday, November 7th. Seven equities research analysts have rated the stock with a sell rating and seventeen have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $40.06.
COPYRIGHT VIOLATION WARNING: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2018/03/04/30827-shares-in-tripadvisor-inc-trip-acquired-by-teacher-retirement-system-of-texas.html.
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
Want to see what other hedge funds are holding TRIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tripadvisor Inc (NASDAQ:TRIP).
Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.