TripAdvisor, Inc. (NASDAQ:TRIP – Get Free Report) saw some unusual options trading on Monday. Traders acquired 10,119 put options on the company. This is an increase of approximately 54% compared to the typical daily volume of 6,559 put options.
Insiders Place Their Bets
In other news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $9.45, for a total value of $75,600.00. Following the transaction, the chief executive officer owned 30,456 shares in the company, valued at $287,809.20. This represents a 20.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.
Institutional Trading of TripAdvisor
Several hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC grew its position in TripAdvisor by 128.4% in the third quarter. Sterling Capital Management LLC now owns 3,026 shares of the travel company’s stock worth $25,000 after acquiring an additional 1,701 shares in the last quarter. Nykredit A S purchased a new stake in TripAdvisor during the second quarter valued at approximately $32,000. Public Employees Retirement System of Ohio purchased a new stake in TripAdvisor during the second quarter valued at approximately $36,000. Rockefeller Capital Management L.P. lifted its stake in shares of TripAdvisor by 192.5% in the 4th 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. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of TripAdvisor in the 2nd quarter valued at approximately $46,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.
TripAdvisor Price Performance
Shares of TRIP stock traded up $0.39 during trading hours on Monday, hitting $9.61. The stock had a trading volume of 1,025,750 shares, compared to its average volume of 3,631,104. TripAdvisor has a one year low of $8.02 and a one year high of $17.53. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.56 and a quick ratio of 1.56. The stock’s 50-day moving average price is $9.07 and its two-hundred day moving average price is $11.04. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 962.46, a PEG ratio of 3.71 and a beta of 0.87.
TripAdvisor (NASDAQ:TRIP – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The firm had revenue of $385.30 million for the quarter, compared to the consensus estimate of $506.27 million. During the same period in the previous year, the company posted $0.46 earnings per share. TripAdvisor’s quarterly revenue was down 7.2% on a year-over-year basis. Equities analysts forecast that TripAdvisor will post 0.34 EPS for the current year.
Wall Street Analyst Weigh In
TRIP has been the subject of a number of analyst reports. BTIG Research cut shares of TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 21st. B. Riley Financial lowered their target price on shares of TripAdvisor from $13.00 to $12.50 and set a “neutral” rating on the stock in a research note on Monday, August 10th. JPMorgan Chase & Co. lowered their target price on shares of TripAdvisor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Friday, August 7th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $16.00 target price on shares of TripAdvisor in a report on Monday, July 20th. Finally, UBS Group cut their price target on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $14.04.
View Our Latest Analysis on TRIP
TripAdvisor Company Profile
Tripadvisor, Inc (NASDAQ: TRIP) operates a global travel guidance and experiences platform. Its flagship Tripadvisor brand provides user-generated reviews, ratings, photos and travel information covering hotels, restaurants, attractions and destinations, helping travelers research and plan trips.
The company also operates Viator, an online marketplace for tours, activities and other travel experiences, and TheFork, a digital restaurant reservation platform serving diners and restaurants.
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