TripAdvisor (NASDAQ:TRIP) Trading Up 6.3% – Here’s Why

TripAdvisor, Inc. (NASDAQ:TRIP)’s stock price was up 6.3% on Friday . The company traded as high as $14.24 and last traded at $14.1650. Approximately 1,359,249 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 3,694,123 shares. The stock had previously closed at $13.33.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TRIP shares. JPMorgan Chase & Co. dropped their price target 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. Barclays lowered their price objective on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Monday, May 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of TripAdvisor in a research note on Friday, May 15th. UBS Group dropped their price target on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Finally, Wedbush increased their target price on TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, June 16th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.19.

TripAdvisor Trading Up 4.9%

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.36. The stock’s 50 day moving average price is $11.80 and its 200-day moving average price is $11.78. The stock has a market capitalization of $1.63 billion, a PE ratio of 139.81, a PEG ratio of 2.74 and a beta of 0.86.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The business had revenue of $382.40 million for 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%. TripAdvisor’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. On average, sell-side analysts expect that TripAdvisor, Inc. will post 0.69 earnings per share for the current fiscal year.

Insider Transactions at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total transaction of $98,400.00. Following the completion of the transaction, the chief executive officer owned 34,396 shares of the company’s stock, valued at $423,070.80. This represents a 18.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TRIP. Pacer Advisors Inc. lifted its position in TripAdvisor by 2.1% during the first quarter. Pacer Advisors Inc. now owns 692,187 shares of the travel company’s stock valued at $7,379,000 after purchasing an additional 14,351 shares during the last quarter. Converium Capital Inc. purchased a new position in shares of TripAdvisor in the 1st quarter worth approximately $11,460,000. Bank of America Corp DE raised its holdings in TripAdvisor by 15.6% during the 1st quarter. Bank of America Corp DE now owns 842,334 shares of the travel company’s stock valued at $8,979,000 after buying an additional 113,843 shares during the period. Kentucky Retirement Systems purchased a new position in TripAdvisor during the first quarter worth $98,000. Finally, Amundi raised its stake in shares of TripAdvisor by 99.3% in the first quarter. Amundi now owns 41,082 shares of the travel company’s stock valued at $438,000 after acquiring an additional 20,468 shares during the period. 98.99% of the stock is owned by hedge funds and other 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.