TripAdvisor, Inc. (NASDAQ:TRIP - Get Free Report) saw unusually large options trading on Monday. Traders acquired 4,559 call options on the company. This is an increase of approximately 90% compared to the typical volume of 2,401 call options.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on TRIP. B. Riley decreased their target price on shares of TripAdvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Mizuho raised TripAdvisor to a "hold" rating in a research report on Friday, April 18th. UBS Group lifted their price objective on TripAdvisor from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Citigroup began coverage on TripAdvisor in a research report on Wednesday, May 28th. They set a "neutral" rating and a $16.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on TripAdvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.27.
Read Our Latest Analysis on TripAdvisor
TripAdvisor Price Performance
NASDAQ:TRIP traded up $0.82 during trading hours on Tuesday, hitting $13.87. The company's stock had a trading volume of 4,306,240 shares, compared to its average volume of 2,577,421. TripAdvisor has a twelve month low of $10.43 and a twelve month high of $18.66. 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 stock has a fifty day simple moving average of $13.77 and a 200-day simple moving average of $14.43. The company has a market capitalization of $1.97 billion, a P/E ratio of 37.49, a PEG ratio of 2.26 and a beta of 1.28.
TripAdvisor (NASDAQ:TRIP - Get Free Report) last posted its earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.09. TripAdvisor had a net margin of 2.94% and a return on equity of 10.68%. The firm had revenue of $398.00 million during the quarter, compared to analysts' expectations of $386.94 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The business's revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts anticipate that TripAdvisor will post 0.46 EPS for the current fiscal year.
Insider Buying and Selling at TripAdvisor
In other news, CEO Almir Ambeskovic sold 16,643 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $15.33, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.10% of the company's stock.
Hedge Funds Weigh In On TripAdvisor
Several institutional investors and hedge funds have recently added to or reduced their stakes in TRIP. ExodusPoint Capital Management LP bought a new stake in shares of TripAdvisor during the fourth quarter worth $5,170,000. GAMMA Investing LLC boosted its holdings in shares of TripAdvisor by 904.8% during the 1st quarter. GAMMA Investing LLC now owns 36,927 shares of the travel company's stock valued at $523,000 after acquiring an additional 33,252 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of TripAdvisor by 483.9% during the 4th quarter. Point72 Asset Management L.P. now owns 723,904 shares of the travel company's stock valued at $10,692,000 after acquiring an additional 599,933 shares in the last quarter. Northern Trust Corp grew its position in TripAdvisor by 6.3% during the 4th quarter. Northern Trust Corp now owns 656,986 shares of the travel company's stock worth $9,704,000 after acquiring an additional 38,858 shares during the last quarter. Finally, Vident Advisory LLC grew its position in TripAdvisor by 22.9% during the 4th quarter. Vident Advisory LLC now owns 164,792 shares of the travel company's stock worth $2,434,000 after acquiring an additional 30,752 shares during the last quarter. Institutional investors own 98.99% of the company's stock.
About TripAdvisor
(
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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