Almir Ambeskovic Sells 8,000 Shares of TripAdvisor (NASDAQ:TRIP) Stock

Key Points

• TripAdvisor CEO Almir Ambeskovic sold 8,000 shares at an average price of $9.45, totaling $75,600. The Rule 10b5-1 transaction reduced his direct ownership by 20.8% to 30,456 shares.
• TripAdvisor’s latest quarterly results missed expectations, with EPS of $0.35 versus $0.38 expected and revenue of $385.3 million versus $506.27 million estimated. Revenue declined 7.2% year over year.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating and an average price target of $14.12, while shares recently traded near $9.32 after falling substantially from their 52-week high of $20.16.

TripAdvisor, Inc. (NASDAQ:TRIP - Get Free Report) CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total value of $75,600.00. Following the sale, the chief executive officer directly owned 30,456 shares of the company's stock, valued at approximately $287,809.20. This trade represents a 20.80% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Trading Up 0.3%

NASDAQ:TRIP traded up $0.03 during mid-day trading on Friday, hitting $9.32. The company had a trading volume of 3,030,387 shares, compared to its average volume of 3,605,840. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.56 and a current ratio of 1.56. TripAdvisor, Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $20.16. The firm has a market cap of $1.09 billion, a P/E ratio of 932.93, a P/E/G ratio of 3.57 and a beta of 0.83. The business's fifty day moving average is $12.45 and its two-hundred day moving average is $11.36.

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

Hedge Funds Weigh In On TripAdvisor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRIP. BlackRock Inc. bought a new stake in shares of TripAdvisor in the second quarter valued at about $239,065,000. Alyeska Investment Group L.P. bought a new position in shares of TripAdvisor during the third quarter worth about $26,848,000. Ameriprise Financial Inc. raised its position in TripAdvisor by 24.2% in the 3rd 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 last quarter. California State Teachers Retirement System raised its position in TripAdvisor by 961.6% in the 2nd quarter. California State Teachers Retirement System now owns 1,506,660 shares of the travel company's stock valued at $20,656,000 after buying an additional 1,364,739 shares during the last quarter. Finally, Converium Capital Inc. bought a new stake in TripAdvisor in the 1st quarter valued at approximately $11,460,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on TRIP. BTIG Research downgraded shares of TripAdvisor from a "buy" rating to a "neutral" rating in a research note on Tuesday, July 21st. Barclays lowered their price objective on shares of TripAdvisor from $10.00 to $9.00 and set an "underweight" rating for the company in a research report on Monday, May 11th. B. Riley Financial dropped their price objective on TripAdvisor from $13.00 to $12.50 and set a "neutral" rating on the stock in a research note on Monday, August 10th. JPMorgan Chase & Co. reduced their target price on TripAdvisor from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Friday, August 7th. Finally, Cantor Fitzgerald lowered their price target on TripAdvisor from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Friday, August 7th. 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.com, TripAdvisor presently has a consensus rating of "Reduce" and an average target price of $14.12.

TripAdvisor Company Profile

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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