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

TripAdvisor, Inc. (NASDAQ:TRIP) has been given a consensus rating of “Reduce” by the fifteen research firms that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $14.04.

Several equities research analysts recently issued reports on the stock. B. Riley Financial dropped their price target on shares of TripAdvisor from $13.00 to $12.50 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Cantor Fitzgerald decreased their price objective on shares of TripAdvisor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of TripAdvisor in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lowered their target price on TripAdvisor from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Friday, August 7th. Finally, UBS Group dropped their target price on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th.

Insider Buying and Selling

In related news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total value of $75,600.00. Following the completion of the transaction, the chief executive officer owned 30,456 shares of the company’s stock, valued at approximately $287,809.20. This represents a 20.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On TripAdvisor

Hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC acquired a new position in TripAdvisor in the second quarter worth $3,883,000. Persistent Asset Partners Ltd bought a new position in shares of TripAdvisor in the 2nd quarter worth about $2,172,000. Susquehanna Fundamental Investments LLC bought a new position in shares of TripAdvisor in the 2nd quarter worth about $2,906,000. Deutsche Bank AG acquired a new position in shares of TripAdvisor in the 2nd quarter valued at about $1,760,000. Finally, K.J. Harrison & Partners Inc boosted its holdings in shares of TripAdvisor by 316.7% in the 1st quarter. K.J. Harrison & Partners Inc now owns 125,000 shares of the travel company’s stock valued at $1,332,000 after buying an additional 95,000 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

TripAdvisor Stock Down 0.5%

NASDAQ TRIP opened at $9.27 on Friday. The stock has a market cap of $1.09 billion, a PE ratio of 927.93, a P/E/G ratio of 3.75 and a beta of 0.86. The business has a 50 day moving average price of $9.27 and a two-hundred day moving average price of $11.09. TripAdvisor has a fifty-two week low of $8.02 and a fifty-two week high of $17.82. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.28.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm 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 company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. As a group, sell-side analysts predict that TripAdvisor will post 0.34 EPS for the current fiscal year.

TripAdvisor Company Profile

Tripadvisor, Inc (NASDAQ: TRIP) operates a global travel guidance and experiences platform. Through its Tripadvisor brand, the company provides user-generated reviews, ratings, photos, travel articles and other information about hotels, restaurants, attractions and destinations. Its platform also connects travelers with booking options and travel businesses.

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