Almir Ambeskovic Sells 8,000 Shares of TripAdvisor (NASDAQ:TRIP) Stock

TripAdvisor, Inc. (NASDAQ:TRIP) CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total value of $75,600.00. Following the completion of the sale, the chief executive officer owned 30,456 shares of the company’s stock, valued at approximately $287,809.20. This trade represents a 20.80% decrease in their position. The transaction was disclosed in a document filed 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

TRIP opened at $9.32 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.56 and a current ratio of 1.56. TripAdvisor, Inc. has a 52-week low of $9.01 and a 52-week high of $20.16. The stock has a market capitalization of $1.09 billion, a PE ratio of 932.93, a price-to-earnings-growth ratio of 3.47 and a beta of 0.83. The stock’s 50 day moving average price is $12.36 and its 200-day moving average price is $11.35.

TripAdvisor (NASDAQ:TRIP) 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). The business had revenue of $385.30 million during the quarter, compared to analysts’ expectations of $506.27 million. TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The business’s revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. On average, equities research analysts predict that TripAdvisor, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays cut their target price on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. The Goldman Sachs Group reissued a “buy” rating and issued a $16.00 price target on shares of TripAdvisor in a research note on Monday, July 20th. JPMorgan Chase & Co. lowered their price objective on shares of TripAdvisor from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Friday, August 7th. Cantor Fitzgerald cut their price objective on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. Finally, UBS Group reduced their target price on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $14.12.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TRIP. BlackRock Inc. purchased a new stake in TripAdvisor in the second quarter worth about $239,065,000. Alyeska Investment Group L.P. purchased a new position in shares of TripAdvisor during the third quarter valued at approximately $26,848,000. Ameriprise Financial Inc. lifted its holdings in shares of TripAdvisor by 24.2% during the third quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock valued at $120,585,000 after purchasing an additional 1,445,607 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of TripAdvisor by 961.6% in the 2nd quarter. California State Teachers Retirement System now owns 1,506,660 shares of the travel company’s stock worth $20,656,000 after purchasing an additional 1,364,739 shares in the last quarter. Finally, Converium Capital Inc. bought a new stake in shares of TripAdvisor in the 1st quarter worth approximately $11,460,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

About TripAdvisor

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.