TripAdvisor, Inc. (NASDAQ:TRIP - Get Free Report) saw some unusual options trading on Friday. Stock traders purchased 20,028 call options on the stock. Thisisanincreaseof573% compared to the typical volume of 2,978 call options.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Mizuho upgraded TripAdvisor to a "hold" rating in a research note on Friday, April 18th. Bank of America started coverage on TripAdvisor in a research note on Monday, July 14th. They issued a "neutral" rating and a $19.00 price objective on the stock. B. Riley increased their target price on TripAdvisor from $17.00 to $21.00 and gave the stock a "neutral" rating in a research report on Monday. JPMorgan Chase & Co. increased their target price on TripAdvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. Finally, DA Davidson set a $16.25 target price on TripAdvisor in a research report on Tuesday, July 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $17.03.
Check Out Our Latest Stock Analysis on TripAdvisor
TripAdvisor Stock Up 0.6%
NASDAQ TRIP traded up $0.10 during mid-day trading on Tuesday, reaching $17.89. The stock had a trading volume of 2,514,026 shares, compared to its average volume of 3,252,023. TripAdvisor has a 1 year low of $10.43 and a 1 year high of $19.26. The stock has a market cap of $2.54 billion, a PE ratio of 37.26, a price-to-earnings-growth ratio of 2.72 and a beta of 1.30. The company has a fifty day moving average price of $15.76 and a 200 day moving average price of $14.92. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.24 and a quick ratio of 1.24.
TripAdvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The travel company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. TripAdvisor had a net margin of 3.53% and a return on equity of 12.40%. The company had revenue of $529.00 million during the quarter, compared to analyst estimates of $529.91 million. During the same period in the previous year, the business earned $0.39 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. On average, research analysts expect 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 company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $15.33, for a total value of $255,137.19. Following the completion of the transaction, the chief executive officer directly owned 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 legal filing with the SEC, which is available at this hyperlink. 3.10% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On TripAdvisor
Large investors have recently added to or reduced their stakes in the stock. Tsfg LLC bought a new stake in TripAdvisor in the 1st quarter worth approximately $35,000. Smartleaf Asset Management LLC grew its position in shares of TripAdvisor by 86.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company's stock valued at $43,000 after acquiring an additional 1,420 shares during the period. Aster Capital Management DIFC Ltd grew its position in shares of TripAdvisor by 83.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock valued at $50,000 after acquiring an additional 1,557 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of TripAdvisor by 419.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company's stock valued at $55,000 after acquiring an additional 3,144 shares during the period. Finally, Quarry LP grew its position in shares of TripAdvisor by 571.0% during the 1st quarter. Quarry LP now owns 5,697 shares of the travel company's stock valued at $81,000 after acquiring an additional 4,848 shares during the period. 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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