TripAdvisor SVP Sells $3,614,817 in Stock (TRIP)
TripAdvisor (NASDAQ:TRIP) SVP Seth Kalvert sold 48,443 shares of TripAdvisor stock on the open market in a transaction dated Monday, September 9th. The shares were sold at an average price of $74.62, for a total transaction of $3,614,816.66. Following the sale, the senior vice president now directly owns 3,786 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
TRIP has been the subject of a number of recent research reports. Analysts at Evercore Partners reiterated an “underweight” rating on shares of TripAdvisor (NASDAQ:TRIP) in a research note to investors on Tuesday. They now have a $65.00 price target on the stock. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of TripAdvisor (NASDAQ:TRIP) in a research note to investors on Wednesday, August 28th. They now have a $75.00 price target on the stock. Finally, analysts at S&P Equity Research upgraded shares of TripAdvisor (NASDAQ:TRIP) from a “sell” rating to a “hold” rating in a research note to investors on Thursday, August 22nd.
Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $66.69.
Shares of TripAdvisor (NASDAQ:TRIP) traded up 1.61% during mid-day trading on Wednesday, hitting $73.79. 1,645,576 shares of the company’s stock traded hands. TripAdvisor has a one year low of $28.63 and a one year high of $82.19. The stock’s 50-day moving average is $73.54 and its 200-day moving average is $60.55. The company has a market cap of $10.551 billion and a P/E ratio of 47.37.
TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.03. The company had revenue of $246.90 million for the quarter, compared to the consensus estimate of $236.57 million. During the same quarter last year, the company posted $0.41 earnings per share. TripAdvisor’s revenue was up 25.2% compared to the same quarter last year. Analysts expect that TripAdvisor will post $1.74 EPS for the current fiscal year.
TripAdvisor, Inc (NASDAQ:TRIP) is an online travel research company, enabling users to plan and have a trip.
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