TripAdvisor (NASDAQ:TRIP) Shares Down 4.6% – Should You Sell?

TripAdvisor, Inc. (NASDAQ:TRIP) was down 4.6% during mid-day trading on Thursday . The stock traded as low as $14.13 and last traded at $13.88. Approximately 271,411 shares changed hands during trading, a decline of 91% from the average daily volume of 3,016,616 shares. The stock had previously closed at $14.55.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TRIP. B. Riley lowered their price objective on shares of TripAdvisor from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Citigroup increased their price target on shares of TripAdvisor from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. Sanford C. Bernstein reissued an “outperform” rating and issued a $20.00 price target on shares of TripAdvisor in a report on Friday, November 7th. Barclays reduced their price objective on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. Finally, UBS Group reiterated a “neutral” rating on shares of TripAdvisor in a research report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, TripAdvisor has a consensus rating of “Reduce” and an average price target of $16.66.

TripAdvisor Stock Performance

The stock has a 50 day moving average price of $16.10 and a two-hundred day moving average price of $15.99. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.37. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 2.49 and a beta of 1.21.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $562.92 million. During the same period in the previous year, the firm earned $0.50 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts predict that TripAdvisor, Inc. will post 0.46 EPS for the current year.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TRIP. Certares Management LLC raised its holdings in 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 period. Nuveen LLC bought a new stake in shares of TripAdvisor in the 1st quarter valued at $32,536,000. Federated Hermes Inc. raised its stake in 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 buying an additional 1,687,816 shares during the period. Alyeska Investment Group L.P. acquired a new stake in TripAdvisor during the 3rd quarter worth $26,848,000. Finally, Royal Bank of Canada lifted its holdings in TripAdvisor by 82,306.8% during the first quarter. Royal Bank of Canada now owns 1,528,647 shares of the travel company’s stock worth $21,661,000 after acquiring an additional 1,526,792 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

About TripAdvisor

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.