Insider Selling: TripAdvisor (NASDAQ:TRIP) CEO Sells $98,400.00 in Stock

TripAdvisor, Inc. (NASDAQ:TRIPGet Free Report) CEO Almir Ambeskovic sold 8,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total value of $98,400.00. Following the completion of the transaction, the chief executive officer directly owned 34,396 shares in the company, valued at approximately $423,070.80. This represents a 18.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TripAdvisor Price Performance

TripAdvisor stock opened at $11.86 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $1.38 billion, a P/E ratio of 118.61, a P/E/G ratio of 2.21 and a beta of 0.90. The business’s fifty day moving average is $10.76 and its two-hundred day moving average is $12.09. TripAdvisor, Inc. has a 52 week low of $9.01 and a 52 week high of $20.16.

TripAdvisor (NASDAQ:TRIPGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The business had revenue of $382.40 million during the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.TripAdvisor’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. Equities research analysts forecast that TripAdvisor, Inc. will post 0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TRIP has been the topic of a number of recent analyst reports. BTIG Research reissued a “buy” rating and issued a $15.00 price objective on shares of TripAdvisor in a research note on Friday, May 29th. The Goldman Sachs Group reduced their price objective on TripAdvisor from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. UBS Group dropped their target price on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a research report on Monday, April 27th. Barclays dropped their target price on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Monday, May 11th. Finally, Zacks Research downgraded TripAdvisor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.76.

View Our Latest Report on TRIP

Institutional Investors Weigh In On TripAdvisor

Institutional investors and hedge funds have recently made changes to their positions in the company. Essex Investment Management Co. LLC raised its position in shares of TripAdvisor by 75.7% during the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after acquiring an additional 656 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of TripAdvisor during the fourth quarter worth $33,000. UMB Bank n.a. raised its position in shares of TripAdvisor by 295.2% during the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after acquiring an additional 1,718 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of TripAdvisor by 39.7% during the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after acquiring an additional 705 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in TripAdvisor by 192.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after purchasing an additional 1,821 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

About TripAdvisor

(Get Free Report)

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.

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