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

TripAdvisor, Inc. (NASDAQ:TRIP) CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total transaction of $75,600.00. Following the transaction, the chief executive officer owned 30,456 shares of the company’s stock, valued at $287,809.20. The trade was a 20.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TripAdvisor Stock Up 0.3%

TRIP stock traded up $0.03 during midday trading on Friday, hitting $9.32. The company’s stock had a trading volume of 3,030,387 shares, compared to its average volume of 3,605,840. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.56 and a quick ratio of 1.56. TripAdvisor, Inc. has a twelve month low of $9.01 and a twelve month high of $20.16. The company’s fifty day moving average price is $12.45 and its 200 day moving average price is $11.36. The stock has a market capitalization of $1.09 billion, a P/E ratio of 932.93, a PEG ratio of 3.57 and a beta of 0.83.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). The business had revenue of $385.30 million for the quarter, compared to the consensus estimate of $506.27 million. TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. As a group, equities research analysts predict that TripAdvisor, Inc. will post 0.36 EPS for the current year.

Institutional Investors Weigh In On TripAdvisor

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in TripAdvisor during the second quarter worth approximately $239,065,000. Alyeska Investment Group L.P. bought a new position in shares of TripAdvisor during the 3rd quarter worth approximately $26,848,000. Ameriprise Financial Inc. boosted its stake in shares of TripAdvisor by 24.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock worth $120,585,000 after acquiring an additional 1,445,607 shares during the period. California State Teachers Retirement System increased its holdings in shares of TripAdvisor by 961.6% during the 2nd quarter. California State Teachers Retirement System now owns 1,506,660 shares of the travel company’s stock worth $20,656,000 after acquiring an additional 1,364,739 shares during the last quarter. Finally, Converium Capital Inc. acquired a new position in shares of TripAdvisor during the 1st quarter worth approximately $11,460,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price target on TripAdvisor from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Friday, August 7th. B. Riley Financial dropped their price objective on TripAdvisor from $13.00 to $12.50 and set a “neutral” rating on the stock in a research note on Monday, August 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $16.00 price objective on shares of TripAdvisor in a report on Monday, July 20th. Weiss Ratings reissued a “sell (d)” rating on shares of TripAdvisor in a research note on Wednesday, August 12th. Finally, BTIG Research downgraded shares of TripAdvisor from a “buy” rating to a “neutral” rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $14.12.

TripAdvisor Company Profile

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.