TripAdvisor, Inc. (NASDAQ:TRIP) Stock Has Average Price Target of $14.12 According to Brokerages

TripAdvisor, Inc. (NASDAQ:TRIP) has earned a consensus rating of “Reduce” from the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $14.12.

TRIP has been the subject of a number of analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 price target on shares of TripAdvisor in a research note on Monday, July 20th. Weiss Ratings reissued a “sell (d)” rating on shares of TripAdvisor in a research note on Wednesday, August 12th. DA Davidson raised their target price on TripAdvisor from $10.50 to $15.50 and gave the company a “neutral” rating in a report on Monday, June 15th. Cantor Fitzgerald cut their target price on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. Finally, BTIG Research downgraded TripAdvisor from a “buy” rating to a “neutral” rating in a report on Tuesday, July 21st.

TripAdvisor Stock Performance

NASDAQ TRIP opened at $8.52 on Tuesday. The company has a market cap of $998.54 million, a P/E ratio of 852.85, a PEG ratio of 3.18 and a beta of 0.83. The company has a fifty day simple moving average of $10.92 and a 200 day simple moving average of $11.22. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.28. TripAdvisor has a 12-month low of $8.02 and a 12-month high of $17.82.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, August 6th. The travel company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $385.30 million during the quarter, compared to the consensus estimate of $506.27 million. TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the business posted $0.46 earnings per share. Sell-side analysts predict that TripAdvisor will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $9.45, for a total transaction of $75,600.00. Following the transaction, the chief executive officer directly owned 30,456 shares of the company’s stock, valued at $287,809.20. The trade was a 20.80% decrease in their position. 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. Company insiders own 2.00% of the company’s stock.

Institutional Trading of TripAdvisor

Institutional investors and hedge funds have recently made changes to their positions in the company. Persistent Asset Partners Ltd purchased a new stake in shares of TripAdvisor during the 2nd quarter valued at $2,172,000. K.J. Harrison & Partners Inc boosted its holdings in shares of TripAdvisor by 316.7% in the 1st quarter. K.J. Harrison & Partners Inc now owns 125,000 shares of the travel company’s stock worth $1,332,000 after buying an additional 95,000 shares during the last quarter. Deutsche Bank AG bought a new position in TripAdvisor during the second quarter valued at about $1,760,000. U S Global Investors Inc. grew its position in TripAdvisor by 32.3% during the first quarter. U S Global Investors Inc. now owns 1,372,941 shares of the travel company’s stock valued at $14,636,000 after buying an additional 335,087 shares during the period. Finally, Bank of America Corp DE increased its holdings in TripAdvisor by 15.6% during the first quarter. Bank of America Corp DE now owns 842,334 shares of the travel company’s stock worth $8,979,000 after buying an additional 113,843 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

TripAdvisor Company Profile

Tripadvisor, Inc (NASDAQ: TRIP) operates a global travel guidance platform that helps consumers research, plan and book trips. Its flagship Tripadvisor website and mobile applications feature traveler reviews, ratings, photos and other user-generated content covering hotels, restaurants, attractions and destinations. The platform also provides travel-planning tools, advertising solutions and links to booking partners.

The company’s portfolio includes Viator, an online marketplace for tours, activities and experiences, and TheFork, a restaurant-discovery and reservation platform.