Louisiana State Employees Retirement System Makes New $542,000 Investment in TripAdvisor, Inc. $TRIP

Louisiana State Employees Retirement System acquired a new stake in TripAdvisor, Inc. (NASDAQ:TRIP) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,800 shares of the travel company’s stock, valued at approximately $542,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of TripAdvisor by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 12,567,936 shares of the travel company’s stock valued at $182,989,000 after buying an additional 721,957 shares in the last quarter. Starboard Value LP increased its holdings in TripAdvisor by 1.4% in the 4th quarter. Starboard Value LP now owns 9,644,996 shares of the travel company’s stock worth $140,431,000 after acquiring an additional 134,512 shares in the last quarter. Ameriprise Financial Inc. raised its position in TripAdvisor by 24.2% during the third quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock worth $120,585,000 after acquiring an additional 1,445,607 shares during the period. Dimensional Fund Advisors LP raised its position in TripAdvisor by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,762,943 shares of the travel company’s stock worth $54,790,000 after acquiring an additional 216,862 shares during the period. Finally, River Road Asset Management LLC lifted its holdings in TripAdvisor by 1.7% during the fourth quarter. River Road Asset Management LLC now owns 3,448,718 shares of the travel company’s stock valued at $50,213,000 after purchasing an additional 56,159 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

TripAdvisor Trading Down 1.2%

TRIP opened at $13.72 on Wednesday. The stock has a market capitalization of $1.60 billion, a PE ratio of 137.21, a P/E/G ratio of 2.72 and a beta of 0.86. TripAdvisor, Inc. has a one year low of $9.01 and a one year high of $20.16. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25. The business’s 50 day moving average price is $11.65 and its 200 day moving average price is $11.77.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The business had revenue of $382.40 million during the quarter, compared to analysts’ expectations of $384.69 million. During the same quarter in the prior year, the firm earned $0.14 EPS. TripAdvisor’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities research analysts expect that TripAdvisor, Inc. will post 0.69 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on TRIP shares. DA Davidson lifted their target price on shares of TripAdvisor from $10.50 to $15.50 and gave the company a “neutral” rating in a research report on Monday, June 15th. Bank of America raised shares of TripAdvisor from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.00 to $15.00 in a research note on Friday, March 27th. BTIG Research reiterated a “buy” rating on shares of TripAdvisor in a report on Monday, June 15th. Wedbush boosted their price objective on TripAdvisor from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. Finally, Barclays reduced their target price on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, May 11th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.19.

Insider Transactions at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total value of $98,400.00. Following the transaction, the chief executive officer owned 34,396 shares of the company’s stock, valued at $423,070.80. This represents a 18.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.00% of the company’s stock.

TripAdvisor Company Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.