Louisiana State Employees Retirement System Continues to Hold Position in TripAdvisor, Inc. (TRIP)

Louisiana State Employees Retirement System held its stake in TripAdvisor, Inc. (NASDAQ:TRIP) during the second quarter, Holdings Channel reports. The institutional investor owned 6,900 shares of the travel company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in TripAdvisor were worth $264,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new stake in TripAdvisor during the first quarter valued at $113,000. Mn Services Vermogensbeheer B.V. increased its stake in TripAdvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock valued at $130,000 after buying an additional 201 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in TripAdvisor by 4.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,967 shares of the travel company’s stock valued at $171,000 after buying an additional 160 shares in the last quarter. Sphera Funds Management LTD. bought a new stake in TripAdvisor during the first quarter valued at $173,000. Finally, Nordea Investment Management AB increased its stake in TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after buying an additional 157 shares in the last quarter. 90.70% of the stock is currently owned by institutional investors.

TripAdvisor, Inc. (NASDAQ TRIP) traded up 1.96% during trading on Friday, hitting $39.98. 1,243,729 shares of the company traded hands. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 60.48 and a beta of 2.36. TripAdvisor, Inc. has a 52-week low of $35.34 and a 52-week high of $66.13. The company’s 50-day moving average is $38.59 and its 200 day moving average is $42.11.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The company had revenue of $424 million for the quarter, compared to analyst estimates of $421.66 million. During the same period in the prior year, the business earned $0.38 earnings per share. TripAdvisor’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities analysts anticipate that TripAdvisor, Inc. will post $1.15 earnings per share for the current year.

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Several research firms have weighed in on TRIP. BidaskClub raised shares of TripAdvisor from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $32.00 target price (down previously from $40.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Cowen and Company reissued a “market perform” rating and set a $42.00 target price (up previously from $40.00) on shares of TripAdvisor in a research report on Friday, August 11th. Stifel Nicolaus reissued a “hold” rating and set a $40.00 target price (down previously from $45.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Finally, UBS AG reissued a “neutral” rating and set a $43.00 target price (down previously from $50.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Nine investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $44.78.

About TripAdvisor

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

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Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

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