Duality Advisers LP Has $1.23 Million Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Duality Advisers LP trimmed its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 56,979 shares of the travel company’s stock after selling 4,804 shares during the period. Duality Advisers LP’s holdings in Tripadvisor were worth $1,227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its position in Tripadvisor by 2.3% in the 3rd quarter. Arizona State Retirement System now owns 31,296 shares of the travel company’s stock worth $519,000 after buying an additional 697 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of Tripadvisor by 2.1% during the third quarter. Yousif Capital Management LLC now owns 53,244 shares of the travel company’s stock worth $883,000 after acquiring an additional 1,115 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Tripadvisor by 4.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 31,866 shares of the travel company’s stock valued at $528,000 after purchasing an additional 1,258 shares during the last quarter. New York State Teachers Retirement System grew its stake in Tripadvisor by 1.1% in the fourth quarter. New York State Teachers Retirement System now owns 130,532 shares of the travel company’s stock valued at $2,810,000 after purchasing an additional 1,370 shares in the last quarter. Finally, CWM LLC grew its stake in Tripadvisor by 40.4% in the fourth quarter. CWM LLC now owns 7,047 shares of the travel company’s stock valued at $152,000 after purchasing an additional 2,029 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TRIP has been the subject of several research reports. Mizuho lifted their price target on Tripadvisor from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Citigroup lifted their target price on shares of Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Truist Financial increased their price target 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. TheStreet raised shares of Tripadvisor from a “d+” rating to a “c” rating in a research note on Wednesday, February 14th. Finally, The Goldman Sachs Group increased their target price on shares of Tripadvisor from $23.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $24.12.

Tripadvisor Stock Up 2.2 %

TRIP opened at $26.12 on Wednesday. Tripadvisor, Inc. has a 1-year low of $14.15 and a 1-year high of $28.76. The business has a 50 day moving average of $26.93 and a 200-day moving average of $21.77. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 435.33, a P/E/G ratio of 1.61 and a beta of 1.57. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates 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. As a group, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.88 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.