Police & Firemen s Retirement System of New Jersey Sells 14,107 Shares of TripAdvisor, Inc. $TRIP

Police & Firemen s Retirement System of New Jersey trimmed its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 36.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,805 shares of the travel company’s stock after selling 14,107 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in TripAdvisor were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Penserra Capital Management LLC lifted its position in shares of TripAdvisor by 0.3% during the 2nd quarter. Penserra Capital Management LLC now owns 240,847 shares of the travel company’s stock valued at $3,143,000 after buying an additional 745 shares during the last quarter. Brown Miller Wealth Management LLC raised its stake in TripAdvisor by 6.8% in the 2nd quarter. Brown Miller Wealth Management LLC now owns 12,322 shares of the travel company’s stock valued at $161,000 after acquiring an additional 781 shares during the period. Teacher Retirement System of Texas raised its stake in TripAdvisor by 4.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 17,386 shares of the travel company’s stock valued at $227,000 after acquiring an additional 802 shares during the period. First Hawaiian Bank lifted its holdings in TripAdvisor by 2.9% during the first quarter. First Hawaiian Bank now owns 35,684 shares of the travel company’s stock valued at $506,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in TripAdvisor by 86.9% during the first quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock worth $43,000 after purchasing an additional 1,420 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TripAdvisor

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

Analyst Ratings Changes

Several analysts have recently issued reports on TRIP shares. B. Riley lowered their price target on shares of TripAdvisor from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Barclays lowered their target price on shares of TripAdvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. Mizuho set a $17.00 price target on TripAdvisor and gave the stock a “neutral” rating in a report on Friday, November 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TripAdvisor in a research report on Tuesday. Finally, Wall Street Zen lowered TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $16.66.

TripAdvisor Stock Performance

NASDAQ:TRIP opened at $14.84 on Thursday. The stock has a market cap of $1.73 billion, a P/E ratio of 30.92, a PEG ratio of 2.49 and a beta of 1.21. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.37. The business’s 50-day moving average price is $15.89 and its two-hundred day moving average price is $16.01. TripAdvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $20.16.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $553.00 million for the quarter, compared to analysts’ expectations of $562.92 million. TripAdvisor had a net margin of 3.53% and a return on equity of 12.40%. TripAdvisor’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. As a group, equities analysts predict that TripAdvisor, Inc. will post 0.46 EPS 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.