TripAdvisor (NASDAQ:TRIP) Stock Price Up 8.2% – Still a Buy?

TripAdvisor, Inc. (NASDAQ:TRIP)’s share price was up 8.2% on Friday . The stock traded as high as $12.72 and last traded at $12.8850. Approximately 3,008,357 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 3,591,498 shares. The stock had previously closed at $11.91.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TRIP shares. Zacks Research cut shares of TripAdvisor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings reissued a “sell (d)” rating on shares of TripAdvisor in a report on Friday, May 15th. Cantor Fitzgerald set a $10.00 target price on shares of TripAdvisor and gave the stock an “underweight” rating in a research report on Friday, February 13th. BTIG Research restated a “buy” rating and set a $15.00 target price on shares of TripAdvisor in a research report on Friday, May 29th. Finally, Wall Street Zen lowered shares of TripAdvisor from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.76.

TripAdvisor Stock Performance

The stock’s 50-day simple moving average is $10.88 and its 200-day simple moving average is $12.01. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 126.95, a price-to-earnings-growth ratio of 2.28 and a beta of 0.90. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.36.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The business had revenue of $382.40 million for the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 EPS. Analysts forecast that TripAdvisor, Inc. will post 0.69 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total transaction of $98,400.00. Following the sale, the chief executive officer owned 34,396 shares in the company, valued at approximately $423,070.80. This trade represents a 18.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of TripAdvisor

Large investors have recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of TripAdvisor by 295.2% during the 4th quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after acquiring an additional 1,718 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of TripAdvisor during the 4th quarter worth approximately $33,000. Rockefeller Capital Management L.P. boosted its position in shares of TripAdvisor by 192.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock worth $40,000 after acquiring an additional 1,821 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of TripAdvisor by 39.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after acquiring an additional 705 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of TripAdvisor by 308.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock worth $53,000 after acquiring an additional 3,078 shares in the last quarter. Institutional investors and hedge funds 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.