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

TripAdvisor, Inc. (NASDAQ:TRIP) CEO Almir Ambeskovic sold 8,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total transaction of $98,400.00. Following the transaction, the chief executive officer owned 34,396 shares in the company, valued at approximately $423,070.80. The trade was a 18.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TripAdvisor Stock Performance

NASDAQ TRIP opened at $11.86 on Friday. The stock has a market cap of $1.38 billion, a P/E ratio of 118.61, a PEG ratio of 2.23 and a beta of 0.90. The company’s 50-day simple moving average is $10.76 and its 200 day simple moving average is $12.09. TripAdvisor, Inc. has a twelve month low of $9.01 and a twelve month high of $20.16. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.36.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The business had revenue of $382.40 million during the quarter, compared to the consensus estimate of $384.69 million. TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. As a group, research analysts forecast that TripAdvisor, Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TRIP has been the topic of a number of research reports. Cantor Fitzgerald set a $10.00 target price on shares of TripAdvisor and gave the stock an “underweight” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. cut their price objective on shares of TripAdvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Friday, May 8th. UBS Group lowered their target price on shares of TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a research note on Monday, April 27th. Wall Street Zen downgraded shares of TripAdvisor from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, The Goldman Sachs Group lowered their price objective on shares of TripAdvisor from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.76.

Hedge Funds Weigh In On TripAdvisor

A number of hedge funds have recently bought and sold shares of TRIP. Essex Investment Management Co. LLC increased its position in TripAdvisor by 75.7% during the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after acquiring an additional 656 shares during the period. UMB Bank n.a. raised its position in shares of TripAdvisor by 295.2% in the 4th quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock valued at $33,000 after buying an additional 1,718 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of TripAdvisor during the 4th quarter valued at approximately $33,000. Rockefeller Capital Management L.P. grew its holdings in shares of TripAdvisor by 192.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after purchasing an additional 1,821 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of TripAdvisor by 39.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after purchasing an additional 705 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

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.