TripAdvisor, Inc. (NASDAQ:TRIP) Receives $14.76 Average Price Target from Analysts

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) have been given a consensus recommendation of “Hold” by the sixteen research firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $15.1929.

TRIP has been the topic of a number of recent research reports. Bank of America raised TripAdvisor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $15.00 in a research note on Friday, March 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TripAdvisor in a research note on Friday, May 15th. JPMorgan Chase & Co. dropped their price target on shares of TripAdvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Friday, May 8th. DA Davidson raised their price target on shares of TripAdvisor from $10.50 to $15.50 and gave the stock a “neutral” rating in a report on Monday. Finally, BTIG Research reaffirmed a “buy” rating on shares of TripAdvisor in a research report on Monday.

Insider Transactions at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was 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 owned 34,396 shares of the company’s stock, valued at $423,070.80. This trade represents a 18.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TripAdvisor

Hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in TripAdvisor in the 4th quarter valued at about $33,000. UMB Bank n.a. boosted its stake in TripAdvisor by 295.2% during the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after buying an additional 1,718 shares during the period. Smartleaf Asset Management LLC boosted its stake in TripAdvisor by 39.7% during the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after buying an additional 705 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of TripAdvisor by 192.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after acquiring an additional 1,821 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of TripAdvisor during the third quarter valued at about $58,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

TripAdvisor Stock Performance

Shares of TRIP stock opened at $12.97 on Friday. 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 company has a market capitalization of $1.51 billion, a P/E ratio of 129.71, a P/E/G ratio of 2.47 and a beta of 0.90. The business’s 50 day moving average is $11.07 and its two-hundred day moving average is $11.93. TripAdvisor has a 12-month low of $9.01 and a 12-month high of $20.16.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The company 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 firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. Analysts expect that TripAdvisor will post 0.69 EPS for the current fiscal year.

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.