TripAdvisor (NASDAQ:TRIP) Hits New 1-Year Low – Should You Sell?

TripAdvisor, Inc. (NASDAQ:TRIP)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $8.27 and last traded at $8.1060, with a volume of 400192 shares. The stock had previously closed at $8.55.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Cantor Fitzgerald dropped their price objective on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Friday, August 7th. B. Riley Financial decreased their target price on shares of TripAdvisor from $13.00 to $12.50 and set a “neutral” rating on the stock in a report on Monday, August 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of TripAdvisor in a research report on Wednesday, August 12th. DA Davidson lifted their price objective on shares of TripAdvisor from $10.50 to $15.50 and gave the stock a “neutral” rating in a report on Monday, June 15th. Finally, UBS Group reduced their price target on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $14.12.

TripAdvisor Stock Performance

The business has a fifty day moving average of $11.18 and a 200 day moving average of $11.25. The company has a market cap of $969.83 million, a P/E ratio of 828.33, a P/E/G ratio of 3.27 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.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly 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). TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The company had revenue of $385.30 million for the quarter, compared to analysts’ expectations of $506.27 million. During the same quarter in the prior year, the firm earned $0.46 EPS. TripAdvisor’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, equities analysts predict that TripAdvisor, Inc. will post 0.36 EPS for the current year.

Insider Transactions at TripAdvisor

In related 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 transaction of $75,600.00. Following the sale, the chief executive officer owned 30,456 shares of the company’s stock, valued at $287,809.20. The trade was a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TripAdvisor

A number of institutional investors have recently modified their holdings of TRIP. Nykredit A S purchased a new stake in TripAdvisor during the 2nd quarter valued at about $32,000. Public Employees Retirement System of Ohio purchased a new stake in shares of TripAdvisor during the second quarter valued at $36,000. Rockefeller Capital Management L.P. boosted its position in shares of TripAdvisor by 192.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after buying an additional 1,821 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in TripAdvisor in the 2nd quarter worth about $46,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in TripAdvisor in the 2nd quarter worth about $92,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

TripAdvisor Company Profile

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.