TripAdvisor, Inc. (NASDAQ:TRIP) Receives Average Rating of "Reduce" from Brokerages

Key Points

• TripAdvisor received an average “Reduce” rating from 15 analysts: five sell, six hold and four buy recommendations. The average 12-month price target is $14.12, compared with the stock’s recent price of $9.79.
• The company’s latest quarterly results missed expectations, with adjusted earnings of $0.35 per share versus the $0.38 consensus and revenue of $385.3 million versus $506.27 million expected. Revenue declined 7.2% year over year.
• TripAdvisor shares were down 0.8%, while CEO Almir Ambeskovic sold 8,000 shares under a pre-arranged Rule 10b5-1 plan; institutional investors collectively own 98.99% of the stock.

TripAdvisor, Inc. (NASDAQ:TRIP - Get Free Report) has received an average rating of "Reduce" from the fifteen research firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $14.1154.

Several equities analysts have weighed in on the company. Cantor Fitzgerald reduced their price objective on TripAdvisor from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Friday, August 7th. Wedbush boosted their price target on shares of TripAdvisor from $19.00 to $20.00 and gave the company an "outperform" rating in a research report on Tuesday, June 16th. UBS Group cut their price target on shares of TripAdvisor from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, August 11th. The Goldman Sachs Group reiterated a "buy" rating and issued a $16.00 price objective on shares of TripAdvisor in a report on Monday, July 20th. Finally, Barclays decreased their target price on shares of TripAdvisor from $10.00 to $9.00 and set an "underweight" rating on the stock in a research report on Monday, May 11th.

Insider Transactions at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of the business's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total transaction of $98,400.00. Following the transaction, the chief executive officer owned 34,396 shares in the company, valued at $423,070.80. The trade was a 18.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Essex Financial Services Inc. grew its position in TripAdvisor by 4.5% during the 4th quarter. Essex Financial Services Inc. now owns 17,864 shares of the travel company's stock valued at $260,000 after purchasing an additional 776 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV raised its holdings in TripAdvisor by 1.3% in the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 64,053 shares of the travel company's stock worth $933,000 after acquiring an additional 847 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in TripAdvisor by 13.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,812 shares of the travel company's stock valued at $143,000 after acquiring an additional 1,126 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in TripAdvisor by 2.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 61,011 shares of the travel company's stock valued at $650,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TripAdvisor by 3.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,142 shares of the travel company's stock valued at $614,000 after purchasing an additional 1,395 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

TripAdvisor Trading Down 0.8%

NASDAQ TRIP opened at $9.79 on Friday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 979.98, a PEG ratio of 3.67 and a beta of 0.86. TripAdvisor has a one year low of $9.01 and a one year 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. The business's fifty day moving average is $12.76 and its 200-day moving average is $11.43.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The company had revenue of $385.30 million for the quarter, compared to the consensus estimate of $506.27 million. During the same quarter in the previous year, the company posted $0.46 EPS. TripAdvisor's quarterly revenue was down 7.2% compared to the same quarter last year. Equities research analysts predict that TripAdvisor will post 0.36 EPS for the current year.

About TripAdvisor

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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