Kentucky Retirement Systems Insurance Trust Fund Takes $58,000 Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Tripadvisor, Inc. (NASDAQ:TRIP) during the fourth quarter, HoldingsChannel.com reports. The fund bought 3,924 shares of the travel company’s stock, valued at approximately $58,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. True Wealth Design LLC bought a new stake in shares of Tripadvisor in the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in Tripadvisor in the 3rd quarter valued at about $28,000. Bogart Wealth LLC bought a new position in Tripadvisor in the 4th quarter valued at about $30,000. Blue Trust Inc. raised its holdings in Tripadvisor by 204.4% in the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after acquiring an additional 1,543 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Tripadvisor by 204.7% in the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after acquiring an additional 2,469 shares during the period. 98.99% of the stock is owned by institutional investors.

Tripadvisor Stock Performance

NASDAQ TRIP opened at $17.70 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 76.96, a P/E/G ratio of 9.72 and a beta of 1.34. The firm’s 50 day simple moving average is $15.90 and its 200 day simple moving average is $14.99. Tripadvisor, Inc. has a 1 year low of $12.93 and a 1 year high of $28.76.

Wall Street Analyst Weigh In

Several research firms have weighed in on TRIP. Wedbush reissued a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. StockNews.com cut shares of Tripadvisor from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. DA Davidson reissued a “neutral” rating and issued a $16.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. B. Riley increased their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, TD Cowen increased their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.50.

About Tripadvisor

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.