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

Key Points

• Analysts collectively rate TripAdvisor “Reduce”: Of 16 firms, five recommend selling, seven advise holding and four recommend buying. The average 12-month price target is approximately $14.86.
• TripAdvisor’s latest quarter fell short of expectations, with an adjusted loss of $0.11 per share versus the expected $0.03 loss and revenue of $382.4 million, down 4% year over year.
• The stock opened at $14.16, while institutional investors own nearly 99% of shares. CEO Almir Ambeskovic sold 8,000 shares under a pre-arranged trading plan, reducing his position by 18.87%.

Shares of TripAdvisor, Inc. (NASDAQ:TRIP - Get Free Report) have earned an average rating of "Reduce" from the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $14.8571.

Several equities research analysts recently weighed in on the stock. DA Davidson increased their target price on shares of TripAdvisor from $10.50 to $15.50 and gave the company a "neutral" rating in a research note on Monday, June 15th. UBS Group upped their price target on TripAdvisor from $13.70 to $15.00 and gave the company a "neutral" rating in a report on Thursday. Weiss Ratings reiterated a "sell (d)" rating on shares of TripAdvisor in a research report on Friday, May 15th. JPMorgan Chase & Co. decreased their price objective on TripAdvisor from $12.00 to $11.00 and set an "underweight" rating on the stock in a report on Friday, May 8th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $16.00 price objective on shares of TripAdvisor in a research report on Monday, July 20th.

TripAdvisor Stock Performance

Shares of TRIP opened at $14.16 on Monday. The company has a market capitalization of $1.65 billion, a PE ratio of 141.61, a price-to-earnings-growth ratio of 2.78 and a beta of 0.86. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.25 and a quick ratio of 1.25. TripAdvisor has a one year low of $9.01 and a one year high of $20.16. The company's fifty day moving average price is $13.04 and its 200 day moving average price is $11.74.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.08). TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The business had revenue of $382.40 million for the quarter, compared to analyst estimates of $384.69 million. During the same quarter last year, the firm earned $0.14 earnings per share. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. As a group, analysts expect that TripAdvisor will post 0.69 earnings per share for the current year.

Insiders Place Their Bets

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the business's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total value of $98,400.00. Following the sale, the chief executive officer owned 34,396 shares of the company's stock, valued at $423,070.80. The trade was a 18.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TripAdvisor

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. K.J. Harrison & Partners Inc raised its position in TripAdvisor by 316.7% in the first quarter. K.J. Harrison & Partners Inc now owns 125,000 shares of the travel company's stock worth $1,332,000 after purchasing an additional 95,000 shares in the last quarter. U S Global Investors Inc. boosted its holdings in TripAdvisor by 32.3% during the first quarter. U S Global Investors Inc. now owns 1,372,941 shares of the travel company's stock valued at $14,636,000 after purchasing an additional 335,087 shares in the last quarter. Leonteq Securities AG boosted its holdings in TripAdvisor by 153.9% during the first quarter. Leonteq Securities AG now owns 242,483 shares of the travel company's stock valued at $2,585,000 after purchasing an additional 146,977 shares in the last quarter. Blue Grotto Capital LLC grew its stake in shares of TripAdvisor by 24.2% in the 4th quarter. Blue Grotto Capital LLC now owns 1,615,000 shares of the travel company's stock valued at $23,514,000 after purchasing an additional 315,000 shares during the period. Finally, Persistent Asset Partners Ltd bought a new stake in shares of TripAdvisor in the 4th quarter valued at approximately $1,456,000. 98.99% of the stock is owned by institutional investors.

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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