TripAdvisor Inc. (NASDAQ:TRIP) Viator Ceo Barrie Seidenberg sold 4,274 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $60.77, for a total value of $259,730.98. Following the completion of the transaction, the insider now directly owns 286 shares in the company, valued at $17,380.22. The transaction was disclosed in a filing with the SEC, which is available at this link.
TripAdvisor Inc. (NASDAQ:TRIP) traded up 0.28% during mid-day trading on Wednesday, reaching $64.44. 64,067 shares of the company were exchanged. The company has a 50 day moving average of $61.78 and a 200-day moving average of $64.62. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 67.83 and a beta of 2.36. TripAdvisor Inc. has a 1-year low of $53.48 and a 1-year high of $87.50.
TripAdvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, August 3rd. The travel company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $391 million for the quarter. TripAdvisor had a return on equity of 13.55% and a net margin of 9.41%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. On average, equities research analysts forecast that TripAdvisor Inc. will post $1.58 EPS for the current year.
TRIP has been the topic of several analyst reports. Cantor Fitzgerald reaffirmed a “hold” rating on shares of TripAdvisor in a research report on Friday, August 19th. Wells Fargo & Co. reaffirmed a “market perform” rating and issued a $67.00 price objective (down from $71.00) on shares of TripAdvisor in a research report on Sunday, August 7th. Jefferies Group reaffirmed a “hold” rating and issued a $68.00 price objective on shares of TripAdvisor in a research report on Tuesday, September 6th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $95.00 price objective on shares of TripAdvisor in a research report on Thursday, July 7th. Finally, Deutsche Bank AG cut TripAdvisor from a “buy” rating to a “hold” rating and lowered their price objective for the company from $71.00 to $63.00 in a research report on Friday, August 5th. Four analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $69.54.
Several hedge funds have recently added to or reduced their stakes in TRIP. Mizuho Asset Management Co. Ltd. boosted its stake in TripAdvisor by 125.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,875 shares of the travel company’s stock worth $121,000 after buying an additional 1,045 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in TripAdvisor by 3,544.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the travel company’s stock worth $169,000 after buying an additional 2,552 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in TripAdvisor by 2.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,012 shares of the travel company’s stock worth $174,000 after buying an additional 84 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in TripAdvisor by 33.3% in the first quarter. Canada Pension Plan Investment Board now owns 2,800 shares of the travel company’s stock worth $186,000 after buying an additional 700 shares in the last quarter. Finally, National Planning Corp bought a new stake in TripAdvisor during the second quarter worth approximately $221,000. 87.79% of the stock is owned by institutional investors and hedge funds.
TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.
Receive News & Ratings for TripAdvisor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TripAdvisor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.