Todays Report: Today, State of Wisconsin Investment Board Invests $4,607,000 in TripAdvisor Inc. (TRIP)

Today, State of Wisconsin Investment Board Invests $4,607,000 in TripAdvisor Inc. (TRIP)

State of Wisconsin Investment Board acquired a new position in shares of TripAdvisor Inc. (NASDAQ:TRIP) during the third quarter, Holdings Channel reports. The institutional investor acquired 72,921 shares of the travel company’s stock, valued at approximately $4,607,000. State of Wisconsin Investment Board owned 0.05% of TripAdvisor as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its position in TripAdvisor by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 21,967 shares of the travel company’s stock worth $1,412,000 after buying an additional 5,285 shares in the last quarter. Marathon Asset Management LLP boosted its position in TripAdvisor by 1.9% in the second quarter. Marathon Asset Management LLP now owns 129,144 shares of the travel company’s stock worth $8,304,000 after buying an additional 2,444 shares in the last quarter. MAI Capital Management boosted its position in TripAdvisor by 4.2% in the second quarter. MAI Capital Management now owns 8,853 shares of the travel company’s stock worth $569,000 after buying an additional 358 shares in the last quarter. Capstone Asset Management Co. boosted its position in TripAdvisor by 18.4% in the second quarter. Capstone Asset Management Co. now owns 18,165 shares of the travel company’s stock worth $1,168,000 after buying an additional 2,822 shares in the last quarter. Finally, Creative Planning boosted its position in TripAdvisor by 15.1% in the second quarter. Creative Planning now owns 12,539 shares of the travel company’s stock worth $806,000 after buying an additional 1,649 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.

TripAdvisor Inc. (NASDAQ:TRIP) traded up 0.75% during trading on Friday, hitting $51.17. The stock had a trading volume of 501,095 shares. The company has a market cap of $7.46 billion, a P/E ratio of 61.50 and a beta of 2.31. The firm has a 50 day moving average of $58.89 and a 200-day moving average of $63.31. TripAdvisor Inc. has a one year low of $48.52 and a one year high of $87.50.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, November 8th. The travel company reported $0.53 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.53. TripAdvisor had a return on equity of 12.67% and a net margin of 8.08%. The firm had revenue of $421 million for the quarter, compared to the consensus estimate of $436.31 million. During the same quarter last year, the business posted $0.53 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. Equities analysts anticipate that TripAdvisor Inc. will post $1.54 earnings per share for the current fiscal year.

TRIP has been the topic of a number of research analyst reports. Barclays PLC reissued an “equal weight” rating and issued a $57.00 price target (down from $67.00) on shares of TripAdvisor in a report on Friday, November 11th. Credit Suisse Group AG reissued an “outperform” rating and issued a $65.00 price target (down from $78.00) on shares of TripAdvisor in a report on Friday, November 11th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $55.00 price objective (down from $60.00) on shares of TripAdvisor in a report on Friday, August 5th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $67.00 price objective on shares of TripAdvisor in a report on Friday, August 5th. Finally, Jefferies Group decreased their price objective on TripAdvisor from $68.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, November 10th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $63.08.

In related news, Viator CEO Barrie Seidenberg sold 4,274 shares of TripAdvisor stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $60.77, for a total transaction of $259,730.98. Following the transaction, the insider now owns 286 shares in the company, valued at $17,380.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Seth J. Kalvert sold 1,687 shares of TripAdvisor stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $60.50, for a total value of $102,063.50. Following the transaction, the senior vice president now owns 10,653 shares in the company, valued at approximately $644,506.50. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

TripAdvisor Company Profile

TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.

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