TripAdvisor, Inc. (NASDAQ:TRIP)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $31.85 and last traded at $31.82, with a volume of 82008 shares trading hands. The stock had previously closed at $29.82.
TRIP has been the subject of several recent research reports. ValuEngine lowered shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 1st. Zacks Investment Research lowered shares of TripAdvisor from a “hold” rating to a “sell” rating and set a $21.00 target price for the company. in a report on Tuesday, November 10th. Needham & Company LLC cut their target price on shares of TripAdvisor from $26.00 to $25.00 and set a “buy” rating for the company in a report on Monday, November 9th. BidaskClub raised shares of TripAdvisor from a “strong sell” rating to a “sell” rating in a report on Tuesday. Finally, Barclays started coverage on shares of TripAdvisor in a research note on Monday. They issued an “overweight” rating and a $25.00 price target on the stock. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $24.32.
The stock has a market capitalization of $4.72 billion, a PE ratio of -43.39 and a beta of 1.40. The firm’s fifty day moving average is $27.79 and its 200-day moving average is $22.55. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.77.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, November 5th. The travel company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.25. The firm had revenue of $151.00 million for the quarter, compared to analyst estimates of $146.33 million. TripAdvisor had a negative net margin of 9.45% and a negative return on equity of 4.61%. TripAdvisor’s revenue was down 64.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 EPS. As a group, equities analysts predict that TripAdvisor, Inc. will post -1.62 EPS for the current year.
In other TripAdvisor news, SVP Seth J. Kalvert sold 18,975 shares of the business’s stock in a transaction dated Monday, December 21st. The shares were sold at an average price of $25.69, for a total transaction of $487,467.75. Following the sale, the senior vice president now directly owns 34,098 shares in the company, valued at $875,977.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in TRIP. Cubist Systematic Strategies LLC boosted its holdings in TripAdvisor by 141.2% in the third quarter. Cubist Systematic Strategies LLC now owns 45,598 shares of the travel company’s stock valued at $893,000 after purchasing an additional 26,696 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of TripAdvisor by 26.3% in the third quarter. UBS Asset Management Americas Inc. now owns 747,518 shares of the travel company’s stock valued at $14,644,000 after acquiring an additional 155,875 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in shares of TripAdvisor by 29.3% in the third quarter. Schonfeld Strategic Advisors LLC now owns 59,899 shares of the travel company’s stock valued at $1,174,000 after acquiring an additional 13,582 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of TripAdvisor by 27.1% in the second quarter. Nuveen Asset Management LLC now owns 749,248 shares of the travel company’s stock valued at $14,243,000 after acquiring an additional 159,541 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of TripAdvisor by 137.7% during the third quarter. First Trust Advisors LP now owns 327,027 shares of the travel company’s stock worth $6,406,000 after purchasing an additional 189,432 shares during the last quarter. 69.16% of the stock is owned by institutional investors and hedge funds.
TripAdvisor Company Profile (NASDAQ:TRIP)
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages.
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