TripAdvisor Target of Unusually Large Options Trading (NASDAQ:TRIP)

TripAdvisor, Inc. (NASDAQ:TRIP) was the target of unusually large options trading on Monday. Stock investors purchased 12,351 call options on the company. This represents an increase of approximately 115% compared to the average daily volume of 5,746 call options.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TRIP shares. DA Davidson lifted their target price on TripAdvisor from $10.50 to $15.50 and gave the company a “neutral” rating in a research note on Monday, June 15th. Weiss Ratings restated a “sell (d)” rating on shares of TripAdvisor in a research note on Friday, May 15th. Wedbush increased their price objective on shares of TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, June 16th. BTIG Research reiterated a “buy” rating on shares of TripAdvisor in a research report on Monday, June 15th. Finally, Barclays lowered their target price on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, May 11th. Five research 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’s stock. According to data from MarketBeat, TripAdvisor currently has a consensus rating of “Hold” and an average target price of $15.19.

TripAdvisor Stock Performance

NASDAQ TRIP opened at $14.40 on Tuesday. 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 has a 1-year low of $9.01 and a 1-year high of $20.16. The business has a 50 day simple moving average of $11.87 and a two-hundred day simple moving average of $11.77. The stock has a market capitalization of $1.68 billion, a PE ratio of 144.01, a P/E/G ratio of 2.74 and a beta of 0.86.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, May 7th. The travel company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $384.69 million. During the same period last year, the company earned $0.14 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. On average, research analysts predict that TripAdvisor will post 0.69 EPS for the current fiscal year.

Insider Transactions at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total transaction of $98,400.00. Following the sale, the chief executive officer directly owned 34,396 shares of the company’s stock, valued at $423,070.80. This trade represents a 18.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On TripAdvisor

Institutional investors and hedge funds have recently made changes to their positions in the business. UMB Bank n.a. raised 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 valued at $33,000 after buying an additional 1,718 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in TripAdvisor in the fourth quarter worth about $33,000. Rockefeller Capital Management L.P. grew its position in TripAdvisor by 192.5% in the fourth 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. Tower Research Capital LLC TRC increased its stake in TripAdvisor by 308.1% during the second 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 during the last quarter. Finally, CIBC Private Wealth Group LLC bought a new stake in TripAdvisor during the third quarter worth approximately $58,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

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.