Citigroup Initiates Coverage on Tripadvisor (NASDAQ:TRIP)

Citigroup began coverage on shares of Tripadvisor (NASDAQ:TRIP - Free Report) in a report issued on Wednesday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $16.00 target price on the travel company's stock.

Other research analysts have also issued reports about the company. Mizuho upgraded Tripadvisor to a "hold" rating in a research report on Friday, April 18th. JPMorgan Chase & Co. raised their price target on Tripadvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. DA Davidson restated a "neutral" rating and issued a $16.00 price target on shares of Tripadvisor in a research report on Thursday, February 20th. Wall Street Zen upgraded Tripadvisor from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Finally, Cantor Fitzgerald reduced their target price on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $17.27.

Tripadvisor Price Performance

TRIP stock traded down $0.02 during midday trading on Wednesday, reaching $14.56. 2,781,148 shares of the company's stock traded hands, compared to its average volume of 2,388,605. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 728.36, a PEG ratio of 9.01 and a beta of 1.27. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The company has a 50-day simple moving average of $13.31 and a two-hundred day simple moving average of $14.49. Tripadvisor has a 1-year low of $10.43 and a 1-year high of $18.80.

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 firm had revenue of $398.00 million for the quarter, compared to analyst estimates of $386.94 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The business's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.12 EPS. On average, analysts anticipate that Tripadvisor will post 0.46 earnings per share for the current year.

Insider Activity

In other 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 value of $255,137.19. Following the sale, the chief executive officer now directly owns 15,931 shares in the company, valued at $244,222.23. The trade was a 51.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.10% of the company's stock.

Institutional Trading of Tripadvisor

Institutional investors have recently modified their holdings of the company. Bogart Wealth LLC bought a new stake in Tripadvisor during the fourth quarter worth about $30,000. Blue Trust Inc. raised its holdings in Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock worth $33,000 after acquiring an additional 1,543 shares in the last quarter. Tsfg LLC bought a new stake in Tripadvisor during the first quarter worth about $35,000. Smartleaf Asset Management LLC raised its holdings in Tripadvisor by 86.9% during the first quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company's stock worth $43,000 after acquiring an additional 1,420 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its holdings in Tripadvisor by 83.8% during the fourth 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 in the last quarter. 98.99% of the stock is currently owned by institutional investors.

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.