TripAdvisor, Inc. (NASDAQ:TRIP - Get Free Report) shares were down 5.2% on Wednesday . The company traded as low as $12.73 and last traded at $12.73. Approximately 1,243,098 shares changed hands during trading, a decline of 49% from the average daily volume of 2,424,177 shares. The stock had previously closed at $13.43.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on TRIP shares. B. Riley dropped their price objective on shares of TripAdvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. UBS Group upped their target price on shares of TripAdvisor from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. increased their price target on shares of TripAdvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. Wall Street Zen downgraded TripAdvisor from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. Finally, Mizuho upgraded TripAdvisor to a "hold" rating in a research note on Friday, April 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, TripAdvisor has a consensus rating of "Hold" and a consensus price target of $17.27.
Get Our Latest Stock Report on TRIP
TripAdvisor Stock Up 3.3%
The company has a market cap of $1.83 billion, a P/E ratio of 34.89, a PEG ratio of 2.16 and a beta of 1.32. 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 moving average price is $13.67 and its 200-day moving average price is $14.43.
TripAdvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. On average, analysts anticipate that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.
Insider Activity at TripAdvisor
In other news, CEO Almir Ambeskovic sold 16,643 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the sale, the chief executive officer now directly owns 15,931 shares of the company's stock, valued at $244,222.23. This represents a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. First Hawaiian Bank increased its stake in shares of TripAdvisor by 2.9% in the 1st quarter. First Hawaiian Bank now owns 35,684 shares of the travel company's stock valued at $506,000 after buying an additional 1,013 shares during the period. Villanova Investment Management Co LLC acquired a new position in shares of TripAdvisor during the first quarter valued at $601,000. Acadian Asset Management LLC boosted its holdings in TripAdvisor by 517.9% in the first quarter. Acadian Asset Management LLC now owns 623,403 shares of the travel company's stock valued at $8,830,000 after acquiring an additional 522,518 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in TripAdvisor by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company's stock valued at $4,216,000 after acquiring an additional 22,136 shares during the last quarter. Finally, Empowered Funds LLC increased its position in TripAdvisor by 14.2% in the first quarter. Empowered Funds LLC now owns 13,475 shares of the travel company's stock worth $191,000 after purchasing an additional 1,676 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.
TripAdvisor Company Profile
(
Get Free Report)
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.
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