TripAdvisor, Inc. (NASDAQ:TRIP) shares hit a new 52-week high during trading on Friday . The stock traded as high as $36.19 and last traded at $35.90, with a volume of 1855739 shares traded. The stock had previously closed at $35.38.
Several research analysts recently commented on TRIP shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of TripAdvisor from $21.00 to $36.00 in a report on Monday, January 11th. Sanford C. Bernstein started coverage on shares of TripAdvisor in a report on Monday, November 30th. They set an “outperform” rating and a $35.00 target price for the company. Truist increased their target price on shares of TripAdvisor from $25.00 to $37.00 in a report on Thursday, January 21st. Needham & Company LLC dropped their price target on shares of TripAdvisor from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, November 9th. Finally, Zacks Investment Research lowered shares of TripAdvisor from a “hold” rating to a “sell” rating and set a $28.00 price target on the stock. in a research report on Friday, January 29th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.05.
The company has a market capitalization of $4.83 billion, a P/E ratio of -23.77 and a beta of 1.48. The company’s 50-day moving average price is $31.22 and its two-hundred day moving average price is $24.72. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.65 and a quick ratio of 2.65.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, November 5th. The travel company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.25. The company had revenue of $151.00 million for the quarter, compared to analyst estimates of $146.33 million. TripAdvisor had a negative net margin of 24.54% and a negative return on equity of 15.76%. The company’s revenue was down 64.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share. On average, analysts anticipate that TripAdvisor, Inc. will post -1.72 earnings per share for the current fiscal year.
In related news, SVP Seth J. Kalvert sold 18,975 shares of the firm’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 transaction, the senior vice president now directly owns 34,098 shares of the company’s stock, valued at $875,977.62. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ernst 02494 Teunissen sold 32,722 shares of the firm’s stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $34.00, for a total transaction of $1,112,548.00. Following the transaction, the chief financial officer now directly owns 23,603 shares in the company, valued at $802,502. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,047 shares of company stock worth $1,610,040. 3.50% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in TRIP. Acorn Financial Advisory Services Inc. ADV increased its position in TripAdvisor by 62.0% during the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 54,197 shares of the travel company’s stock worth $1,062,000 after acquiring an additional 20,750 shares during the period. Pacer Advisors Inc. acquired a new stake in TripAdvisor during the third quarter worth about $477,000. Xponance Inc. acquired a new stake in TripAdvisor during the third quarter worth about $198,000. Sciencast Management LP acquired a new stake in TripAdvisor during the third quarter worth about $300,000. Finally, ARGA Investment Management LP acquired a new stake in TripAdvisor during the third quarter worth about $507,000. 69.51% of the stock is currently 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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