Key Points
- TripAdvisor CEO Almir Ambeskovic sold 8,000 shares on June 2 at an average price of $12.30, totaling about $98,400. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Ambeskovic held 34,396 shares valued at roughly $423,071, representing an 18.87% decrease in his position.
- TripAdvisor recently reported weaker-than-expected quarterly results, with EPS of -$0.11 versus a -$0.03 estimate and revenue down 4% year over year. Analysts currently rate the stock a Hold on average, with a consensus price target of $14.76.
TripAdvisor, Inc. (NASDAQ:TRIP - Get Free Report) CEO Almir Ambeskovic sold 8,000 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total value of $98,400.00. Following the completion of the transaction, the chief executive officer owned 34,396 shares in the company, valued at approximately $423,070.80. This represents a 18.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
TripAdvisor Price Performance
TripAdvisor stock opened at $11.95 on Friday. The business's 50-day simple moving average is $10.71 and its 200 day simple moving average is $12.09. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 119.51, a P/E/G ratio of 2.23 and a beta of 0.90. TripAdvisor, Inc. has a 12-month low of $9.01 and a 12-month high of $20.16. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.36.
TripAdvisor (NASDAQ:TRIP - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The firm had revenue of $382.40 million during the quarter, compared to the consensus estimate of $384.69 million. TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. TripAdvisor's revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 EPS. As a group, research analysts anticipate that TripAdvisor, Inc. will post 0.73 earnings per share for the current year.
Hedge Funds Weigh In On TripAdvisor
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in TripAdvisor by 6.1% in the fourth quarter. Vanguard Group Inc. now owns 12,567,936 shares of the travel company's stock valued at $182,989,000 after buying an additional 721,957 shares during the period. Starboard Value LP lifted its stake in TripAdvisor by 1.4% in the fourth quarter. Starboard Value LP now owns 9,644,996 shares of the travel company's stock valued at $140,431,000 after buying an additional 134,512 shares during the period. Ameriprise Financial Inc. lifted its stake in TripAdvisor by 24.2% in the third quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company's stock valued at $120,585,000 after buying an additional 1,445,607 shares during the period. Dimensional Fund Advisors LP lifted its stake in TripAdvisor by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,973,534 shares of the travel company's stock valued at $42,356,000 after buying an additional 210,591 shares during the period. Finally, River Road Asset Management LLC lifted its stake in TripAdvisor by 1.7% in the fourth quarter. River Road Asset Management LLC now owns 3,448,718 shares of the travel company's stock valued at $50,213,000 after buying an additional 56,159 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on TRIP shares. DA Davidson decreased their price target on TripAdvisor from $11.00 to $10.50 and set a "neutral" rating on the stock in a report on Monday, May 18th. The Goldman Sachs Group decreased their price target on TripAdvisor from $25.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, February 17th. UBS Group decreased their price target on TripAdvisor from $16.00 to $13.70 and set a "neutral" rating on the stock in a report on Monday, April 27th. Zacks Research cut TripAdvisor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 18th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of TripAdvisor in a research note on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat.com, TripAdvisor currently has an average rating of "Hold" and a consensus target price of $14.76.
Check Out Our Latest Stock Analysis on TripAdvisor
About TripAdvisor
(
Get Free Report)
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.
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