TripAdvisor, Inc. (NASDAQ:TRIP) Stock Has Average Target Price of $14.12

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) have been assigned an average recommendation of “Reduce” from the fifteen brokerages that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $14.12.

Several analysts have issued reports on the stock. B. Riley Financial decreased their price objective on shares of TripAdvisor from $13.00 to $12.50 and set a “neutral” rating for the company in a research note on Monday, August 10th. JPMorgan Chase & Co. decreased their price target on TripAdvisor from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Friday, August 7th. UBS Group cut their price objective on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of TripAdvisor in a research report on Wednesday, August 12th. Finally, Cantor Fitzgerald lowered their target price on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Friday, August 7th.

TripAdvisor Stock Performance

TRIP stock opened at $8.41 on Tuesday. TripAdvisor has a twelve month low of $8.02 and a twelve month high of $17.82. The stock has a market capitalization of $985.65 million, a price-to-earnings ratio of 841.84, a price-to-earnings-growth ratio of 3.39 and a beta of 0.83. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.28. The firm’s fifty day simple moving average is $10.67 and its two-hundred day simple moving average is $11.19.

TripAdvisor (NASDAQ:TRIP) last released its earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The firm had revenue of $385.30 million during the quarter, compared to the consensus estimate of $506.27 million. TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.TripAdvisor’s revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. As a group, analysts anticipate that TripAdvisor will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $9.45, for a total value of $75,600.00. Following the completion of the sale, the chief executive officer directly owned 30,456 shares of the company’s stock, valued at $287,809.20. The trade was a 20.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by insiders.

Institutional Trading of TripAdvisor

Several institutional investors and hedge funds have recently modified their holdings of TRIP. Persistent Asset Partners Ltd purchased a new stake in shares of TripAdvisor in the 2nd quarter worth approximately $2,172,000. Hsbc Holdings PLC purchased a new position in TripAdvisor during the second quarter valued at approximately $3,883,000. K.J. Harrison & Partners Inc bought a new position in TripAdvisor in the second quarter worth approximately $1,524,000. Deutsche Bank AG bought a new position in TripAdvisor in the second quarter worth approximately $1,760,000. Finally, U S Global Investors Inc. lifted its holdings in TripAdvisor by 32.3% during the first quarter. U S Global Investors Inc. now owns 1,372,941 shares of the travel company’s stock worth $14,636,000 after buying an additional 335,087 shares during the period. Institutional investors own 98.99% of the company’s stock.

About TripAdvisor

Tripadvisor, Inc (NASDAQ: TRIP) operates a global travel guidance platform that helps consumers research, plan and book trips. Its flagship Tripadvisor website and mobile applications feature traveler reviews, ratings, photos and other user-generated content covering hotels, restaurants, attractions and destinations. The platform also provides travel-planning tools, advertising solutions and links to booking partners.

The company’s portfolio includes Viator, an online marketplace for tours, activities and experiences, and TheFork, a restaurant-discovery and reservation platform.