Texas Permanent School Fund Corp Acquires 302,587 Shares of TripAdvisor, Inc. $TRIP

Texas Permanent School Fund Corp grew its holdings in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 472.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 366,638 shares of the travel company’s stock after buying an additional 302,587 shares during the period. Texas Permanent School Fund Corp owned 0.32% of TripAdvisor worth $4,785,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRIP. Smartleaf Asset Management LLC boosted its holdings in TripAdvisor by 86.9% in the first quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock valued at $43,000 after acquiring an additional 1,420 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of TripAdvisor by 308.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock worth $53,000 after purchasing an additional 3,078 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of TripAdvisor by 419.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company’s stock valued at $55,000 after purchasing an additional 3,144 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of TripAdvisor by 376.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,127 shares of the travel company’s stock valued at $67,000 after buying an additional 4,052 shares during the period. Finally, Quarry LP raised its stake in TripAdvisor by 571.0% in the first quarter. Quarry LP now owns 5,697 shares of the travel company’s stock worth $81,000 after buying an additional 4,848 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Insider Transactions at TripAdvisor

In other news, insider Seth J. Kalvert sold 10,880 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $20.04, for a total value of $218,035.20. Following the transaction, the insider owned 136,914 shares in the company, valued at approximately $2,743,756.56. This represents a 7.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

TRIP has been the topic of several research reports. Jefferies Financial Group cut their price objective on TripAdvisor from $13.00 to $12.50 and set an “underperform” rating on the stock in a research report on Thursday, December 11th. Barclays dropped their price target on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th. B. Riley decreased their price objective on TripAdvisor from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Wall Street Zen cut shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $20.00 price target on shares of TripAdvisor in a research note on Friday, November 7th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $16.31.

TripAdvisor Trading Down 3.2%

TripAdvisor stock opened at $14.47 on Thursday. TripAdvisor, Inc. has a 12 month low of $10.43 and a 12 month high of $20.16. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 2.88 and a beta of 1.01. The business’s fifty day simple moving average is $15.34 and its two-hundred day simple moving average is $16.06. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.21.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. TripAdvisor had a return on equity of 14.77% and a net margin of 4.23%.The firm had revenue of $553.00 million during the quarter, compared to analyst estimates of $562.92 million. During the same quarter in the previous year, the firm earned $0.50 EPS. TripAdvisor’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal 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.