TripAdvisor (NASDAQ:TRIP) Trading Up 9.7% – Here’s What Happened

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) traded up 9.7% during mid-day trading on Friday . The company traded as high as $14.62 and last traded at $14.66. 1,762,368 shares traded hands during trading, a decline of 42% from the average session volume of 3,025,711 shares. The stock had previously closed at $13.36.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TRIP shares. Mizuho set a $17.00 target price on TripAdvisor and gave the company a “neutral” rating in a research note on Friday, November 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of TripAdvisor in a research note on Wednesday. UBS Group reaffirmed a “neutral” rating on shares of TripAdvisor in a research report on Sunday, August 10th. Citigroup increased their target price on TripAdvisor from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. Finally, B. Riley decreased their price target on shares of TripAdvisor from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $16.66.

TripAdvisor Stock Performance

The company has a 50-day moving average of $16.10 and a 200-day moving average of $16.01. The company has a market cap of $1.70 billion, a PE ratio of 30.25, a PEG ratio of 2.49 and a beta of 1.21. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.37.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The business had revenue of $553.00 million for the quarter, compared to analysts’ expectations of $562.92 million. During the same period last year, the business earned $0.50 EPS. The business’s revenue was up 3.9% on a year-over-year basis. As a group, analysts anticipate that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

Insider Transactions at TripAdvisor

In other TripAdvisor news, insider Seth J. Kalvert sold 10,880 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $20.04, for a total value of $218,035.20. Following the completion of the sale, the insider owned 136,914 shares in the company, valued at approximately $2,743,756.56. This trade represents a 7.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On TripAdvisor

A number of hedge funds and other institutional investors have recently modified their holdings of TRIP. Certares Management LLC increased its position in shares of TripAdvisor by 177.3% during the second quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock valued at $62,011,000 after acquiring an additional 3,037,959 shares during the last quarter. Nuveen LLC purchased a new stake in shares of TripAdvisor during the 1st quarter valued at $32,536,000. Federated Hermes Inc. raised its stake in shares of TripAdvisor by 375.4% during the 2nd quarter. Federated Hermes Inc. now owns 2,137,374 shares of the travel company’s stock worth $27,893,000 after purchasing an additional 1,687,816 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of TripAdvisor in the 3rd quarter worth about $26,848,000. Finally, Royal Bank of Canada boosted its holdings in shares of TripAdvisor by 82,306.8% in the 1st quarter. Royal Bank of Canada now owns 1,528,647 shares of the travel company’s stock worth $21,661,000 after buying an additional 1,526,792 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

TripAdvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.