Illinois Municipal Retirement Fund Sells 2,832 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Illinois Municipal Retirement Fund decreased its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,597 shares of the travel company’s stock after selling 2,832 shares during the period. Illinois Municipal Retirement Fund’s holdings in Tripadvisor were worth $1,712,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised 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 valued at $200,364,000 after purchasing an additional 1,263,706 shares during the period. Public Sector Pension Investment Board purchased a new stake in Tripadvisor during the third quarter valued at approximately $2,206,000. Moody Aldrich Partners LLC purchased a new stake in Tripadvisor during the fourth quarter valued at approximately $3,520,000. Contrarius Investment Management Ltd purchased a new stake in Tripadvisor during the fourth quarter valued at approximately $9,859,000. Finally, Oliver Luxxe Assets LLC purchased a new stake in Tripadvisor during the fourth quarter valued at approximately $542,000. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Stock Performance

Shares of NASDAQ TRIP traded down $0.07 during trading on Friday, reaching $17.87. 1,118,728 shares of the company traded hands, compared to its average volume of 1,463,249. The firm’s fifty day simple moving average is $18.36 and its 200 day simple moving average is $22.52. The stock has a market cap of $2.49 billion, a P/E ratio of 119.14, a PEG ratio of 1.61 and a beta of 1.42. Tripadvisor, Inc. has a 12-month low of $14.15 and a 12-month high of $28.76. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.08.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Wednesday, May 8th. The travel company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. The business had revenue of $395.00 million during the quarter, compared to analyst estimates of $390.93 million. Tripadvisor had a return on equity of 12.03% and a net margin of 1.32%. As a group, research analysts anticipate that Tripadvisor, Inc. will post 0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRIP. Truist Financial decreased their price objective on Tripadvisor from $28.00 to $21.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. The Goldman Sachs Group dropped their price objective on Tripadvisor from $34.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. UBS Group dropped their price objective on Tripadvisor from $27.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. BMO Capital Markets dropped their price objective on Tripadvisor from $23.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, May 9th. Finally, Barclays dropped their target price on Tripadvisor from $20.00 to $15.00 and set an “underweight” rating on the stock in a research report on Friday, May 10th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.76.

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.