Tripadvisor (TRIP) Shares Gap Up to $40.72
Tripadvisor Inc (NASDAQ:TRIP)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $35.44, but opened at $40.72. Tripadvisor shares last traded at $42.40, with a volume of 19129279 shares changing hands.
Several brokerages recently weighed in on TRIP. ValuEngine upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a report on Thursday. SunTrust Banks restated a “hold” rating on shares of Tripadvisor in a report on Friday. BidaskClub upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a report on Friday. Zacks Investment Research lowered shares of Tripadvisor from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Wells Fargo & Co restated a “hold” rating on shares of Tripadvisor in a report on Wednesday. Seven equities research analysts have rated the stock with a sell rating and nineteen have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $40.53.
The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.47 and a current ratio of 2.67. The company has a market cap of $5,888.43, a P/E ratio of -309.41, a P/E/G ratio of 4.89 and a beta of 2.22.
Tripadvisor announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 14th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the travel company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total value of $378,280.00. Following the completion of the sale, the chief financial officer now owns 13,866 shares of the company’s stock, valued at $554,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.09% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of TRIP. FNY Managed Accounts LLC bought a new stake in shares of Tripadvisor during the third quarter worth $101,000. SeaCrest Wealth Management LLC bought a new stake in shares of Tripadvisor during the fourth quarter worth $104,000. NuWave Investment Management LLC bought a new stake in shares of Tripadvisor during the fourth quarter worth $116,000. Steward Partners Investment Advisory LLC increased its position in shares of Tripadvisor by 164.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock worth $168,000 after acquiring an additional 3,037 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Tripadvisor during the fourth quarter worth $180,000. 90.33% of the stock is owned by institutional investors.
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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