B. Riley Forecasts Strong Price Appreciation for TripAdvisor (NASDAQ:TRIP) Stock

Key Points

• B. Riley has increased TripAdvisor's target price from $17.00 to $21.00, suggesting a potential upside of 16.86% from its current price.
• TripAdvisor's stock has received a mix of ratings, with two sell ratings, nine holds, and one buy, resulting in an average rating of "Hold" and an average target price of $17.03.
• The company's CEO, Almir Ambeskovic, recently sold 16,643 shares, representing a 51.09% decrease in his position, raising concerns among investors regarding insider trading activities.

TripAdvisor (NASDAQ:TRIP - Get Free Report) had its target price raised by B. Riley from $17.00 to $21.00 in a report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the travel company's stock. B. Riley's price target would suggest a potential upside of 16.86% from the stock's current price.

TRIP has been the subject of several other research reports. DA Davidson set a $16.25 price objective on shares of TripAdvisor in a research note on Tuesday, July 8th. Wall Street Zen lowered shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. Bank of America began coverage on shares of TripAdvisor in a research report on Monday, July 14th. They set a "neutral" rating and a $19.00 target price for the company. Mizuho upgraded shares of TripAdvisor to a "hold" rating in a research report on Friday, April 18th. Finally, UBS Group reiterated a "neutral" rating on shares of TripAdvisor in a research report on Sunday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $17.03.

TripAdvisor Price Performance

TRIP opened at $17.97 on Monday. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.72 and a beta of 1.30. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.37. The firm has a 50-day moving average price of $15.69 and a 200-day moving average price of $14.91. TripAdvisor has a twelve month low of $10.43 and a twelve month high of $19.26.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last posted its earnings results on Thursday, August 7th. The travel company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $529.00 million during the quarter, compared to the consensus estimate of $529.91 million. TripAdvisor had a net margin of 3.53% and a return on equity of 12.40%. The company's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. Equities analysts expect that TripAdvisor will post 0.46 EPS for the current year.

Insider Buying and Selling at TripAdvisor

In related news, CEO Almir Ambeskovic sold 16,643 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the sale, the chief executive officer directly owned 15,931 shares of the company's stock, valued at approximately $244,222.23. This represents a 51.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TripAdvisor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC increased its holdings in TripAdvisor by 0.3% in the 2nd quarter. Penserra Capital Management LLC now owns 240,847 shares of the travel company's stock worth $3,143,000 after acquiring an additional 745 shares in the last quarter. Brown Miller Wealth Management LLC increased its holdings in TripAdvisor by 6.8% in the 2nd quarter. Brown Miller Wealth Management LLC now owns 12,322 shares of the travel company's stock worth $161,000 after acquiring an additional 781 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in TripAdvisor by 4.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 17,386 shares of the travel company's stock worth $227,000 after acquiring an additional 802 shares in the last quarter. LPL Financial LLC increased its holdings in TripAdvisor by 8.7% in the 4th quarter. LPL Financial LLC now owns 12,511 shares of the travel company's stock worth $185,000 after acquiring an additional 997 shares in the last quarter. Finally, First Hawaiian Bank increased its holdings in TripAdvisor by 2.9% in the 1st quarter. First Hawaiian Bank now owns 35,684 shares of the travel company's stock worth $506,000 after acquiring an additional 1,013 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

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.

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