Shares of TripAdvisor, Inc. (NASDAQ:TRIP – Get Free Report) have been given a consensus recommendation of “Reduce” by the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $14.12.
Several research firms recently commented on TRIP. B. Riley Financial reduced their price target on shares of TripAdvisor from $13.00 to $12.50 and set a “neutral” rating for the company in a research report on Monday, August 10th. The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 price target on shares of TripAdvisor in a research note on Monday, July 20th. BTIG Research downgraded shares of TripAdvisor from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 21st. Cantor Fitzgerald dropped their price objective on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of TripAdvisor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Friday, August 7th.
View Our Latest Report on TRIP
Insider Buying and Selling at TripAdvisor
In other news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $9.45, for a total transaction of $75,600.00. Following the completion of the sale, the chief executive officer owned 30,456 shares in the company, valued at approximately $287,809.20. This represents a 20.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.00% of the company’s stock.
Hedge Funds Weigh In On TripAdvisor
Several institutional investors have recently added to or reduced their stakes in TRIP. Nykredit A S purchased a new stake in TripAdvisor during the 2nd quarter valued at approximately $32,000. Public Employees Retirement System of Ohio purchased a new position in shares of TripAdvisor in the 2nd quarter valued at approximately $36,000. Rockefeller Capital Management L.P. grew its stake in shares of TripAdvisor by 192.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after purchasing an additional 1,821 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of TripAdvisor in the second quarter valued at approximately $46,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of TripAdvisor in the second quarter valued at approximately $92,000. Institutional investors and hedge funds own 98.99% of the company’s stock.
TripAdvisor Price Performance
Shares of NASDAQ TRIP opened at $9.32 on Friday. The stock has a market cap of $1.09 billion, a P/E ratio of 932.93, a P/E/G ratio of 3.78 and a beta of 0.86. TripAdvisor has a twelve month low of $8.02 and a twelve month high of $17.82. The stock has a 50 day moving average of $9.30 and a two-hundred day moving average of $11.10. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.28.
TripAdvisor (NASDAQ:TRIP – Get Free Report) last announced its earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $385.30 million for the quarter, compared to analysts’ expectations of $506.27 million. TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%. The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.46 earnings per share. On average, research analysts forecast that TripAdvisor will post 0.34 earnings per share for the current year.
TripAdvisor Company Profile
Tripadvisor, Inc NASDAQ: TRIP operates a global travel guidance and experiences platform. Through its Tripadvisor brand, the company provides user-generated reviews, ratings, photos, travel articles and other information about hotels, restaurants, attractions and destinations. Its platform also connects travelers with booking options and travel businesses.
The company’s portfolio includes Viator, an online marketplace for tours, activities and experiences, and TheFork, a restaurant-discovery and reservation platform.
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