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

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

TripAdvisor Stock Up 0.3%

TripAdvisor stock opened at $9.32 on Friday. The stock has a market capitalization of $1.09 billion, a PE ratio of 932.93, a price-to-earnings-growth ratio of 3.45 and a beta of 0.83. The business has a 50 day simple moving average of $12.36 and a 200-day simple moving average of $11.35. 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 12 month low of $9.01 and a 12 month high of $20.16.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Thursday, August 6th. The travel company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The company had revenue of $385.30 million for the quarter, compared to analyst estimates of $506.27 million. TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, analysts anticipate that TripAdvisor, Inc. will post 0.36 EPS for the current fiscal year.

Institutional Trading of TripAdvisor

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of TripAdvisor by 29.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company’s stock valued at $1,162,000 after acquiring an additional 18,699 shares during the last quarter. Jones Financial Companies Lllp raised its position in TripAdvisor by 1,183.2% in the first quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock valued at $85,000 after purchasing an additional 5,916 shares during the period. Empowered Funds LLC raised its holdings in shares of TripAdvisor by 14.2% in the 1st quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock valued at $191,000 after buying an additional 1,676 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in TripAdvisor by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company’s stock worth $4,216,000 after acquiring an additional 22,136 shares in the last quarter. Finally, Creative Planning acquired a new position in TripAdvisor during the 2nd quarter worth about $349,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. DA Davidson raised their target price on TripAdvisor from $10.50 to $15.50 and gave the company a “neutral” rating in a research report on Monday, June 15th. Barclays dropped their price target on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Monday, May 11th. The Goldman Sachs Group reissued a “buy” rating and issued a $16.00 price objective on shares of TripAdvisor in a research note on Monday, July 20th. Weiss Ratings restated a “sell (d)” rating on shares of TripAdvisor in a report on Wednesday, August 12th. Finally, BTIG Research cut shares of TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently 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.