Tripadvisor Inc (NASDAQ:TRIP) insider Dermot Halpin sold 26,313 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total transaction of $1,118,039.37. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Tripadvisor Inc (NASDAQ TRIP) traded down $0.72 during trading hours on Thursday, hitting $41.65. 2,760,000 shares of the stock traded hands, compared to its average volume of 4,240,000. The firm has a market capitalization of $5,780.00, a P/E ratio of -277.67, a PEG ratio of 4.38 and a beta of 2.22. The company has a quick ratio of 2.47, a current ratio of 2.67 and a debt-to-equity ratio of 0.17. Tripadvisor Inc has a 52 week low of $29.50 and a 52 week high of $50.95.
Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.08). The company had revenue of $321.00 million for the quarter, compared to analyst estimates of $309.12 million. Tripadvisor had a positive return on equity of 5.63% and a negative net margin of 1.22%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $0.16 earnings per share. sell-side analysts expect that Tripadvisor Inc will post 0.61 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of TRIP. FNY Managed Accounts LLC bought a new stake in shares of Tripadvisor in the third quarter worth $101,000. SeaCrest Wealth Management LLC bought a new stake in shares of Tripadvisor in the fourth quarter worth $104,000. NuWave Investment Management LLC bought a new stake in shares of Tripadvisor in the fourth quarter worth $116,000. Steward Partners Investment Advisory LLC grew its stake in shares of Tripadvisor by 164.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock worth $168,000 after purchasing an additional 3,037 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Tripadvisor in the fourth quarter worth $180,000. 79.63% of the stock is currently owned by institutional investors.
TRIP has been the subject of several research analyst reports. Royal Bank of Canada restated a “hold” rating and set a $38.00 price objective on shares of Tripadvisor in a research report on Friday, November 3rd. Jefferies Group restated a “sell” rating and set a $35.00 price objective on shares of Tripadvisor in a research report on Tuesday, October 31st. Wells Fargo & Co restated a “market perform” rating and set a $33.00 price objective (down from $42.00) on shares of Tripadvisor in a research report on Wednesday, November 8th. Cowen restated a “market perform” rating and set a $40.00 price objective (up from $30.00) on shares of Tripadvisor in a research report on Monday, November 27th. Finally, Zacks Investment Research upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Six research analysts have rated the stock with a sell rating and nineteen have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $40.06.
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TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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