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

TripAdvisor, Inc. (NASDAQ:TRIP) CEO Almir Ambeskovic sold 8,000 shares of the company’s 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 sale, the chief executive officer directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TripAdvisor Price Performance

Shares of TripAdvisor stock traded up $0.01 during mid-day trading on Thursday, reaching $11.95. 4,304,936 shares of the stock were exchanged, compared to its average volume of 3,613,515. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 119.51, a price-to-earnings-growth ratio of 2.23 and a beta of 0.90. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.36. The firm has a 50-day simple moving average of $10.67 and a 200 day simple moving average of $12.11. TripAdvisor, Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $20.16.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Alyeska Investment Group L.P. bought a new position in TripAdvisor during the 3rd quarter worth approximately $26,848,000. Ameriprise Financial Inc. boosted its stake in TripAdvisor by 24.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock worth $120,585,000 after acquiring an additional 1,445,607 shares during the last quarter. Converium Capital Inc. bought a new position in TripAdvisor during the 1st quarter worth approximately $11,460,000. SG Americas Securities LLC boosted its stake in TripAdvisor by 1,712.3% during the 4th quarter. SG Americas Securities LLC now owns 1,107,995 shares of the travel company’s stock worth $16,132,000 after acquiring an additional 1,046,858 shares during the last quarter. Finally, Holocene Advisors LP boosted its stake in TripAdvisor by 78.5% during the 3rd quarter. Holocene Advisors LP now owns 2,210,903 shares of the travel company’s stock worth $35,949,000 after acquiring an additional 972,369 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRIP. BTIG Research reiterated a “buy” rating and set a $15.00 target price on shares of TripAdvisor in a research report on Friday, May 29th. Wall Street Zen cut shares of TripAdvisor from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. 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. Cantor Fitzgerald set a $10.00 price objective on shares of TripAdvisor and gave the company an “underweight” rating in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. reduced their target price on shares of TripAdvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.76.

About TripAdvisor

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.