TripAdvisor Inc. (NASDAQ:TRIP) SVP Seth J. Kalvert sold 1,687 shares of the stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $60.50, for a total transaction of $102,063.50. Following the completion of the transaction, the senior vice president now owns 10,653 shares of the company’s stock, valued at approximately $644,506.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of TripAdvisor Inc. (NASDAQ:TRIP) opened at 64.26 on Wednesday. TripAdvisor Inc. has a 1-year low of $53.48 and a 1-year high of $87.50. The firm’s 50-day moving average is $61.78 and its 200 day moving average is $64.62. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 67.64 and a beta of 2.36.
TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, August 3rd. The travel company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.04. The firm earned $391 million during the quarter. TripAdvisor had a net margin of 9.41% and a return on equity of 13.55%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.54 EPS. Equities analysts expect that TripAdvisor Inc. will post $1.58 EPS for the current fiscal year.
TRIP has been the subject of a number of research analyst reports. Oppenheimer Holdings Inc. reiterated a “” rating on shares of TripAdvisor in a report on Friday, August 5th. Piper Jaffray Cos. reiterated a “buy” rating and issued a $95.00 price target on shares of TripAdvisor in a report on Saturday, June 25th. Credit Suisse Group AG reiterated a “buy” rating and issued a $73.00 price target on shares of TripAdvisor in a report on Friday, August 5th. Evercore ISI reiterated a “hold” rating and issued a $75.00 price target on shares of TripAdvisor in a report on Tuesday, July 26th. Finally, Jefferies Group reiterated a “hold” rating on shares of TripAdvisor in a report on Monday, July 18th. Four analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $69.54.
A number of institutional investors have recently bought and sold shares of TRIP. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in TripAdvisor during the second quarter valued at about $297,000. Kentucky Retirement Systems purchased a new position in TripAdvisor during the second quarter valued at about $625,000. Mason Street Advisors LLC purchased a new position in TripAdvisor during the second quarter valued at about $990,000. Public Employees Retirement System of Ohio boosted its position in TripAdvisor by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 92,336 shares of the travel company’s stock valued at $5,937,000 after buying an additional 580 shares in the last quarter. Finally, Calvert Investment Management Inc. boosted its position in TripAdvisor by 3.4% in the second quarter. Calvert Investment Management Inc. now owns 7,457 shares of the travel company’s stock valued at $479,000 after buying an additional 244 shares in the last quarter. Institutional investors and hedge funds own 87.79% of the company’s stock.
TripAdvisor Company Profile
TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.
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