64,429 Shares in Tripadvisor, Inc. (NASDAQ:TRIP) Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 64,429 shares of the travel company’s stock, valued at approximately $1,387,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Tripadvisor by 11.7% during the third quarter. Vanguard Group Inc. now owns 12,084,674 shares of the travel company’s stock worth $200,364,000 after acquiring an additional 1,263,706 shares during the last quarter. AQR Capital Management LLC boosted its position in Tripadvisor by 38.1% during the third quarter. AQR Capital Management LLC now owns 5,115,807 shares of the travel company’s stock worth $84,820,000 after acquiring an additional 1,410,932 shares during the last quarter. Kettle Hill Capital Management LLC acquired a new stake in Tripadvisor during the third quarter worth approximately $19,626,000. Charles Schwab Investment Management Inc. boosted its position in Tripadvisor by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,095,471 shares of the travel company’s stock worth $18,163,000 after acquiring an additional 83,290 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. acquired a new position in shares of Tripadvisor in the 3rd quarter valued at $16,431,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Trading Up 4.6 %

NASDAQ TRIP opened at $27.45 on Friday. Tripadvisor, Inc. has a one year low of $14.15 and a one year high of $28.76. The company has a 50-day simple moving average of $26.93 and a 200-day simple moving average of $21.91. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.27 and a current ratio of 2.27. The firm has a market capitalization of $3.79 billion, a PE ratio of 457.50, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.07 by $0.14. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. The business had revenue of $390.00 million during the quarter, compared to analyst estimates of $372.93 million. On average, equities analysts forecast that Tripadvisor, Inc. will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TRIP. Citigroup lifted their price target on shares of Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. StockNews.com upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. The Goldman Sachs Group lifted their price target on shares of Tripadvisor from $23.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Truist Financial raised their target price on shares of Tripadvisor from $18.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Finally, B. Riley reissued a “buy” rating and issued a $34.00 target price (up previously from $27.00) on shares of Tripadvisor in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Tripadvisor presently has an average rating of “Hold” and a consensus target price of $24.12.

About Tripadvisor

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.