TripAdvisor, Inc. (NASDAQ:TRIP) Receives $14.86 Average PT from Brokerages

TripAdvisor, Inc. (NASDAQ:TRIP) has earned a consensus recommendation of “Reduce” from the sixteen ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $14.8571.

Several research firms recently commented on TRIP. The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 price objective on shares of TripAdvisor in a research note on Monday, July 20th. Barclays lowered their price objective on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Monday, May 11th. BTIG Research lowered TripAdvisor from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 21st. UBS Group increased their price target on TripAdvisor from $13.70 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Finally, Wedbush lifted their target price on shares of TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, June 16th.

Insider Transactions at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total transaction of $98,400.00. Following the transaction, the chief executive officer owned 34,396 shares in the company, valued at approximately $423,070.80. This represents a 18.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Essex Financial Services Inc. raised its holdings in TripAdvisor by 4.5% during the fourth quarter. Essex Financial Services Inc. now owns 17,864 shares of the travel company’s stock worth $260,000 after purchasing an additional 776 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV boosted its holdings in TripAdvisor by 1.3% in the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 64,053 shares of the travel company’s stock valued at $933,000 after purchasing an additional 847 shares in the last quarter. State of Alaska Department of Revenue increased its position in TripAdvisor by 1.8% during the 4th quarter. State of Alaska Department of Revenue now owns 62,887 shares of the travel company’s stock worth $914,000 after purchasing an additional 1,091 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in TripAdvisor by 13.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,812 shares of the travel company’s stock worth $143,000 after purchasing an additional 1,126 shares during the period. Finally, Illinois Municipal Retirement Fund raised its stake in shares of TripAdvisor by 2.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 61,011 shares of the travel company’s stock worth $650,000 after buying an additional 1,216 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

TripAdvisor Price Performance

Shares of TRIP stock opened at $13.99 on Monday. The stock’s 50-day moving average is $13.29 and its 200 day moving average is $11.74. TripAdvisor has a 1-year low of $9.01 and a 1-year high of $20.16. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $1.63 billion, a P/E ratio of 139.91, a PEG ratio of 2.81 and a beta of 0.86.

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

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.