Key Points
- TripAdvisor CEO Almir Ambeskovic sold 8,000 shares at an average price of $9.45, for $75,600. The Rule 10b5-1 transaction reduced his stake by 20.8%, leaving him with 30,456 shares.
- TripAdvisor reported quarterly EPS of $0.35, below the $0.38 consensus estimate, while revenue of $385.3 million missed expectations of $506.27 million and fell 7.2% year over year.
- Shares opened at $9.32, near the company’s 12-month low of $9.01. Analysts have a consensus “Reduce” rating and an average price target of $14.12, while institutional investors own 98.99% of the stock.
TripAdvisor, Inc. (NASDAQ:TRIP - Get Free Report) CEO Almir Ambeskovic sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total transaction of $75,600.00. Following the transaction, the chief executive officer owned 30,456 shares of the company's stock, valued at $287,809.20. This trade represents a 20.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
TripAdvisor Stock Performance
NASDAQ:TRIP opened at $9.32 on Friday. The business's fifty day moving average price is $12.36 and its 200 day moving average price is $11.35. The firm has a market capitalization of $1.09 billion, a PE ratio of 932.93, a price-to-earnings-growth ratio of 3.45 and a beta of 0.83. TripAdvisor, Inc. has a 12 month low of $9.01 and a 12 month high of $20.16. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.56 and a quick ratio of 1.56.
TripAdvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). The business had revenue of $385.30 million during the quarter, compared to analysts' expectations of $506.27 million. TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The company's revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. On average, sell-side analysts anticipate that TripAdvisor, Inc. will post 0.36 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in TRIP. Nykredit A S purchased a new position in shares of TripAdvisor in the 2nd quarter worth about $32,000. UMB Bank n.a. boosted its stake in shares of TripAdvisor by 295.2% in the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company's stock valued at $33,000 after purchasing an additional 1,718 shares during the period. Kestra Advisory Services LLC purchased a new position in TripAdvisor in the 4th quarter valued at about $33,000. Public Employees Retirement System of Ohio acquired a new stake in shares of TripAdvisor during the second quarter valued at about $36,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of TripAdvisor by 192.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company's stock valued at $40,000 after acquiring an additional 1,821 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of TripAdvisor from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Friday, August 7th. Weiss Ratings reiterated a "sell (d)" rating on shares of TripAdvisor in a report on Wednesday, August 12th. Barclays reduced their price objective on TripAdvisor from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Monday, May 11th. Wedbush lifted their target price on shares of TripAdvisor from $19.00 to $20.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 16th. Finally, UBS Group cut their price target on TripAdvisor from $15.00 to $12.00 and set a "neutral" rating for the company in a report on Tuesday, August 11th. Four 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. According to data from MarketBeat, TripAdvisor has a consensus rating of "Reduce" and an average target price of $14.12.
Check Out Our Latest Analysis on TripAdvisor
TripAdvisor Company Profile
(
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.
Further Reading
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