TripAdvisor (NASDAQ:TRIP) CEO Almir Ambeskovic Sells 8,000 Shares of Stock

TripAdvisor, Inc. (NASDAQ:TRIP) CEO Almir Ambeskovic sold 8,000 shares of the company’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 completion of the sale, the chief executive officer owned 34,396 shares in the company, valued at $423,070.80. This trade represents a 18.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TripAdvisor Stock Performance

Shares of NASDAQ:TRIP opened at $11.95 on Friday. The business’s fifty day moving average price is $10.71 and its two-hundred day moving average price is $12.09. TripAdvisor, Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $20.16. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 119.51, a price-to-earnings-growth ratio of 2.23 and a beta of 0.90. 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 (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The company had revenue of $382.40 million during the quarter, compared to the consensus estimate of $384.69 million. During the same quarter last year, the company earned $0.14 earnings per share. The business’s revenue was down 4.0% on a year-over-year basis. As a group, analysts predict that TripAdvisor, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on TRIP. B. Riley Financial lowered their price target on TripAdvisor from $18.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of TripAdvisor in a research report on Friday, May 15th. Wedbush began coverage on TripAdvisor in a research report on Tuesday. They issued an “outperform” rating and a $19.00 price target on the stock. Cantor Fitzgerald set a $10.00 price target on TripAdvisor and gave the company an “underweight” rating in a research report on Friday, February 13th. Finally, Wall Street Zen cut TripAdvisor from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $14.76.

Institutional Trading of TripAdvisor

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of TripAdvisor by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 12,567,936 shares of the travel company’s stock worth $182,989,000 after purchasing an additional 721,957 shares during the last quarter. Starboard Value LP boosted its position in TripAdvisor by 1.4% in the 4th quarter. Starboard Value LP now owns 9,644,996 shares of the travel company’s stock valued at $140,431,000 after buying an additional 134,512 shares during the last quarter. Ameriprise Financial Inc. boosted its position in TripAdvisor by 24.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock valued at $120,585,000 after buying an additional 1,445,607 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in TripAdvisor by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,973,534 shares of the travel company’s stock valued at $42,356,000 after buying an additional 210,591 shares during the last quarter. Finally, River Road Asset Management LLC boosted its position in TripAdvisor by 1.7% in the 4th quarter. River Road Asset Management LLC now owns 3,448,718 shares of the travel company’s stock valued at $50,213,000 after buying an additional 56,159 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

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.