TripAdvisor, Inc. (NASDAQ:TRIP) Shares Sold by Clark Estates Inc. NY

Key Points

• Clark Estates Inc. NY has reduced its stock holdings in TripAdvisor, Inc. by 27.6%, now owning 139,795 shares worth approximately $1.98 million.
• TripAdvisor reported earnings per share (EPS) of $0.14 for the latest quarter, exceeding analysts' expectations of $0.05, and saw a revenue increase of 0.8% year-over-year.
• TripAdvisor's stock has recently been rated as "Hold" by analysts with an average target price of $17.56, with JPMorgan adjusting its price target to $13.00.

Clark Estates Inc. NY cut its position in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 27.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,795 shares of the travel company's stock after selling 53,378 shares during the quarter. Clark Estates Inc. NY owned approximately 0.10% of TripAdvisor worth $1,981,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tsfg LLC acquired a new stake in TripAdvisor during the 1st quarter worth approximately $35,000. Aster Capital Management DIFC Ltd lifted its position in TripAdvisor by 83.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock worth $50,000 after acquiring an additional 1,557 shares during the period. Sterling Capital Management LLC lifted its position in TripAdvisor by 55.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company's stock worth $92,000 after acquiring an additional 2,219 shares during the period. Covestor Ltd lifted its position in TripAdvisor by 806.6% during the 4th quarter. Covestor Ltd now owns 6,564 shares of the travel company's stock worth $97,000 after acquiring an additional 5,840 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in TripAdvisor by 150,850.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,057 shares of the travel company's stock worth $134,000 after acquiring an additional 9,051 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 16,643 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $15.33, for a total transaction of $255,137.19. Following the completion of the sale, the chief executive officer owned 15,931 shares of the company's stock, valued at approximately $244,222.23. The trade was a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.10% of the company's stock.

TripAdvisor Price Performance

TripAdvisor stock traded down $1.28 during mid-day trading on Friday, hitting $16.21. 3,544,459 shares of the company were exchanged, compared to its average volume of 3,221,521. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.90 and a quick ratio of 1.90. The business's 50 day simple moving average is $15.40 and its two-hundred day simple moving average is $14.90. The company has a market capitalization of $2.30 billion, a P/E ratio of 43.81, a PEG ratio of 2.66 and a beta of 1.28. TripAdvisor, Inc. has a 12-month low of $10.43 and a 12-month high of $18.66.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.09. The business had revenue of $398.00 million during the quarter, compared to the consensus estimate of $386.94 million. TripAdvisor had a return on equity of 10.68% and a net margin of 2.94%. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. Analysts forecast that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TRIP. JPMorgan Chase & Co. increased their target price on TripAdvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. Bank of America began coverage on TripAdvisor in a research note on Monday, July 14th. They set a "neutral" rating and a $19.00 target price for the company. Mizuho raised TripAdvisor to a "hold" rating in a research note on Friday, April 18th. DA Davidson set a $16.25 target price on TripAdvisor in a research note on Tuesday, July 8th. Finally, Citigroup initiated coverage on TripAdvisor in a research note on Wednesday, May 28th. They set a "neutral" rating and a $16.00 target price for the company. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $17.56.

TripAdvisor Profile

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.