Tripadvisor (TRIP) Trading 5.8% Higher

Tripadvisor Inc (NASDAQ:TRIP) traded up 5.8% during mid-day trading on Tuesday . The company traded as high as $40.14 and last traded at $39.88. 3,588,833 shares changed hands during trading, an increase of 8% from the average session volume of 3,331,888 shares. The stock had previously closed at $37.71.

A number of brokerages have issued reports on TRIP. Deutsche Bank cut their price target on shares of Tripadvisor from $40.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, January 11th. UBS Group restated a “neutral” rating and set a $43.00 price target on shares of Tripadvisor in a report on Wednesday, November 8th. Oppenheimer restated a “hold” rating on shares of Tripadvisor in a report on Sunday, December 17th. Finally, Wells Fargo & Co restated a “market perform” rating and set a $33.00 price target (down previously from $42.00) on shares of Tripadvisor in a report on Wednesday, November 8th. Eight equities research analysts have rated the stock with a sell rating and eighteen have given a hold rating to the stock. Tripadvisor presently has a consensus rating of “Hold” and an average price target of $39.42.

The company has a market cap of $5,660.00, a price-to-earnings ratio of 86.64, a P/E/G ratio of 4.35 and a beta of 2.22. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.19.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, February 14th. The travel company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.08). The firm had revenue of $321.00 million during the quarter, compared to the consensus estimate of $309.12 million. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 EPS. sell-side analysts expect that Tripadvisor Inc will post 0.68 earnings per share for the current year.

In related news, CFO Ernst 02494 Teunissen sold 9,457 shares of Tripadvisor stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total value of $378,280.00. Following the transaction, the chief financial officer now owns 13,866 shares in the company, valued at approximately $554,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.09% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its holdings in shares of Tripadvisor by 0.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 99,229 shares of the travel company’s stock worth $3,791,000 after purchasing an additional 865 shares during the period. Cornerstone Capital Management Holdings LLC. increased its holdings in shares of Tripadvisor by 6.8% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 20,386 shares of the travel company’s stock worth $701,000 after purchasing an additional 1,301 shares during the period. Flinton Capital Management LLC increased its holdings in shares of Tripadvisor by 26.2% during the 4th quarter. Flinton Capital Management LLC now owns 8,400 shares of the travel company’s stock worth $289,000 after purchasing an additional 1,744 shares during the period. LS Investment Advisors LLC increased its holdings in shares of Tripadvisor by 25.8% during the 4th quarter. LS Investment Advisors LLC now owns 8,642 shares of the travel company’s stock worth $298,000 after purchasing an additional 1,775 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in shares of Tripadvisor by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 18,309 shares of the travel company’s stock worth $742,000 after purchasing an additional 1,884 shares during the period. Institutional investors own 90.33% of the company’s stock.

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About Tripadvisor

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

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