Public Sector Pension Investment Board Buys 50,355 Shares of TripAdvisor, Inc. $TRIP

Public Sector Pension Investment Board increased its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 12.5% during the 3rd quarter, Holdings Channel reports. The fund owned 452,986 shares of the travel company’s stock after buying an additional 50,355 shares during the quarter. Public Sector Pension Investment Board’s holdings in TripAdvisor were worth $7,366,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund raised its holdings in TripAdvisor by 1.3% in the third quarter. Illinois Municipal Retirement Fund now owns 60,279 shares of the travel company’s stock worth $980,000 after purchasing an additional 779 shares during the period. Cibc World Market Inc. bought a new stake in shares of TripAdvisor in the 3rd quarter valued at $306,000. Essex Investment Management Co. LLC raised its stake in TripAdvisor by 75.7% during the 3rd quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after buying an additional 656 shares during the period. Smartleaf Asset Management LLC lifted its holdings in TripAdvisor by 39.7% during the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after acquiring an additional 705 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in TripAdvisor by 17.2% in the third quarter. Envestnet Asset Management Inc. now owns 38,550 shares of the travel company’s stock valued at $627,000 after acquiring an additional 5,662 shares during the period. Institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TRIP. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $20.00 price target on shares of TripAdvisor in a research report on Friday, November 7th. Barclays dropped their target price on shares of TripAdvisor from $13.00 to $10.00 and set an “underweight” rating on the stock in a report on Friday. Cantor Fitzgerald set a $10.00 price objective on shares of TripAdvisor and gave the stock an “underweight” rating in a research report on Friday. UBS Group dropped their price objective on shares of TripAdvisor from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Finally, Jefferies Financial Group reduced their target price on shares of TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.32.

TripAdvisor Trading Up 9.7%

Shares of NASDAQ:TRIP opened at $10.54 on Wednesday. The company’s 50-day moving average price is $13.60 and its two-hundred day moving average price is $15.39. TripAdvisor, Inc. has a one year low of $9.46 and a one year high of $20.16. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.29 and a quick ratio of 1.33. The stock has a market capitalization of $1.23 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 0.83 and a beta of 1.01.

TripAdvisor (NASDAQ:TRIP) last released its earnings results on Thursday, February 12th. The travel company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). TripAdvisor had a net margin of 2.12% and a return on equity of 10.67%. The company had revenue of $411.00 million during the quarter, compared to analyst estimates of $412.53 million. During the same period in the prior year, the firm posted $0.30 EPS. TripAdvisor’s revenue was up .0% compared to the same quarter last year. On average, equities analysts forecast that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

More TripAdvisor News

Here are the key news stories impacting TripAdvisor this week:

• Positive Sentiment: Activist pressure: Starboard Value has built roughly a 9% stake and is pushing for a major board overhaul and possible sale, which investors often view as a catalyst to unlock shareholder value. That activist campaign is the principal immediate driver of today’s strength. Reuters: Tripadvisor engages with Starboard
• Positive Sentiment: Goldman Sachs keeps a “buy”: Goldman Sachs trimmed its price target from $25 to $22 but maintained a Buy rating — the new target still implies a large upside vs. the recent share price, which supports bullish sentiment. Benzinga
• Neutral Sentiment: Company engagement: Tripadvisor confirmed it has engaged with Starboard and issued a public statement about the discussions, suggesting a constructive dialogue rather than immediate escalation. That reduces some binary risk but leaves outcomes uncertain. PR Newswire: Tripadvisor statement
• Neutral Sentiment: Analyst/market commentary: Several outlets and research pieces are debating whether activist pressure can revive TRIP; some screen-based value scores highlight TRIP as a value candidate, which may attract more activist‑oriented or value investors. TipRanks: Will activist pressure revive TRIP?
• Negative Sentiment: Broker downgrades/targets cut: Several firms have lowered price targets recently (Wedbush, BTIG and others), signaling reduced near‑term upside in some street models and reflecting concerns after an earnings miss. These cuts add downside pressure if the activist route stalls. MSN: Wedbush cuts target BTIG target cut
• Negative Sentiment: Recent fundamentals: TripAdvisor missed EPS expectations in its February quarter and the stock had been weak heading into the activist news — underlying margin/revenue concerns are still a headwind if operational improvement doesn’t follow. WSJ: Starboard push and earnings context

TripAdvisor Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.