Tripadvisor, Inc. (NASDAQ:TRIP) CEO Almir Ambeskovic Sells 16,643 Shares of Stock

Tripadvisor, Inc. (NASDAQ:TRIP) CEO Almir Ambeskovic sold 16,643 shares of the firm’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $15.33, for a total value of $255,137.19. Following the completion of the transaction, the chief executive officer now owns 15,931 shares of the company’s stock, valued at approximately $244,222.23. This represents a 51.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tripadvisor Stock Performance

Shares of TRIP opened at $14.61 on Wednesday. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 730.87, a PEG ratio of 9.01 and a beta of 1.27. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. Tripadvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $18.80. The company’s 50 day simple moving average is $13.39 and its 200 day simple moving average is $14.58.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The company had revenue of $398.00 million for the quarter, compared to analyst estimates of $386.94 million. During the same quarter in the prior year, the company posted $0.12 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, sell-side analysts predict that Tripadvisor, Inc. will post 0.46 EPS for the current year.

Institutional Trading of Tripadvisor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRIP. Bogart Wealth LLC acquired a new stake in shares of Tripadvisor in the fourth quarter worth approximately $30,000. Blue Trust Inc. raised its stake in Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after purchasing an additional 1,543 shares during the period. Tsfg LLC purchased a new position in Tripadvisor during the first quarter worth approximately $35,000. Smartleaf Asset Management LLC boosted its holdings in shares of Tripadvisor by 86.9% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock valued at $43,000 after purchasing an additional 1,420 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd grew its stake in shares of Tripadvisor by 83.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after buying an additional 1,557 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on TRIP. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Cantor Fitzgerald reduced their price target on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. B. Riley lowered their price target on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. UBS Group lifted their price objective on Tripadvisor from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on Tripadvisor from $11.00 to $13.00 and gave the company an “underweight” rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $17.25.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.