TripAdvisor (NASDAQ:TRIP) Stock Price Up 9.7% – Should You Buy?

TripAdvisor, Inc. (NASDAQ:TRIP) shares traded up 9.7% 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 Analyst Weigh In

Several research firms have weighed in on TRIP. Mizuho set a $17.00 price objective on TripAdvisor and gave the company a “neutral” rating in a research report on Friday, November 14th. UBS Group restated a “neutral” rating on shares of TripAdvisor in a research note on Sunday, August 10th. B. Riley reduced their price target on TripAdvisor from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TripAdvisor in a report on Wednesday. Finally, Barclays dropped their target price on shares of TripAdvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $16.66.

TripAdvisor Trading Up 9.7%

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $1.71 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 2.49 and a beta of 1.21. The stock has a 50-day moving average of $16.16 and a two-hundred day moving average of $15.97.

TripAdvisor (NASDAQ:TRIP) last released its earnings results on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, topping 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 the consensus estimate of $562.92 million. During the same period in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

Insider Buying and Selling

In other TripAdvisor news, insider Seth J. Kalvert sold 10,880 shares of the firm’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $218,035.20. Following the completion of the sale, the insider directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On TripAdvisor

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in TripAdvisor by 24.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock valued at $120,585,000 after acquiring an additional 1,445,607 shares in the last quarter. Certares Management LLC raised its stake in shares of TripAdvisor by 177.3% in the second quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock worth $62,011,000 after purchasing an additional 3,037,959 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of TripAdvisor by 48.9% during the second quarter. Geode Capital Management LLC now owns 2,837,654 shares of the travel company’s stock valued at $37,036,000 after purchasing an additional 931,283 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of TripAdvisor by 53.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,629,098 shares of the travel company’s stock valued at $34,310,000 after buying an additional 912,999 shares during the last quarter. Finally, Nuveen LLC bought a new stake in TripAdvisor in the 1st quarter worth about $32,536,000. 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.