Tripadvisor (TRIP) Shares Gap Down Following Insider Selling
Tripadvisor Inc (NASDAQ:TRIP)’s share price gapped down prior to trading on Friday following insider selling activity. The stock had previously closed at $41.13, but opened at $40.05. Tripadvisor shares last traded at $38.31, with a volume of 7035295 shares traded.
Specifically, CFO Ernst 02494 Teunissen sold 9,457 shares of Tripadvisor stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total transaction of $378,280.00. Following the completion of the transaction, the chief financial officer now owns 13,866 shares in the company, valued at $554,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.09% of the company’s stock.
TRIP has been the subject of a number of research analyst reports. Deutsche Bank reduced their price objective on Tripadvisor from $40.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, October 24th. Zacks Investment Research upgraded Tripadvisor from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Jefferies Group restated a “sell” rating and set a $27.00 price objective on shares of Tripadvisor in a report on Friday, November 10th. SunTrust Banks restated a “hold” rating and set a $44.00 price objective on shares of Tripadvisor in a report on Thursday, October 12th. Finally, Royal Bank of Canada reduced their price objective on Tripadvisor from $38.00 to $34.00 and set a “sector perform” rating for the company in a report on Monday, November 13th. Eight equities research analysts have rated the stock with a sell rating and eighteen have assigned a hold rating to the company’s stock. Tripadvisor has a consensus rating of “Hold” and an average price target of $39.42.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $451.27 million. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. equities research analysts anticipate that Tripadvisor Inc will post 0.69 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. raised its position in shares of Tripadvisor by 1.4% in the second quarter. Advisor Group Inc. now owns 8,401 shares of the travel company’s stock valued at $321,000 after buying an additional 118 shares in the last quarter. Flinton Capital Management LLC raised its position in shares of Tripadvisor by 12.9% in the second quarter. Flinton Capital Management LLC now owns 7,008 shares of the travel company’s stock valued at $268,000 after buying an additional 800 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Tripadvisor by 0.9% in the second quarter. Public Employees Retirement System of Ohio now owns 99,229 shares of the travel company’s stock valued at $3,791,000 after buying an additional 865 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Tripadvisor by 25.8% in the fourth quarter. LS Investment Advisors LLC now owns 8,642 shares of the travel company’s stock valued at $298,000 after buying an additional 1,775 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Tripadvisor by 11.5% in the third quarter. Pacer Advisors Inc. now owns 18,309 shares of the travel company’s stock valued at $742,000 after buying an additional 1,884 shares in the last quarter. Institutional investors own 90.32% of the company’s stock.
Tripadvisor Company Profile
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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