TripAdvisor (NASDAQ:TRIP) Stock Gets Price Target Trim from UBS Group

TripAdvisor (NASDAQ:TRIP) had its price objective reduced by UBS Group from $12.00 to $10.00 in a research report released on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the travel company’s stock.

A number of other analysts have also recently commented on the stock. Cantor Fitzgerald lowered their price objective on shares of TripAdvisor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday, October 19th. BTIG Research downgraded TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 21st. B. Riley Financial decreased their target price on TripAdvisor from $13.00 to $12.50 and set a “neutral” rating for the company in a research note on Monday, August 10th. The Goldman Sachs Group restated a “buy” rating and issued a $16.00 price target on shares of TripAdvisor in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. lowered their price target on TripAdvisor from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, TripAdvisor has an average rating of “Reduce” and a consensus target price of $13.88.

TripAdvisor Stock Down 27.6%

Shares of NASDAQ:TRIP opened at $7.38 on Tuesday. TripAdvisor has a 52 week low of $7.20 and a 52 week high of $17.53. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $864.94 million, a PE ratio of 738.74, a PEG ratio of 4.11 and a beta of 0.87. The company has a 50 day moving average price of $9.00 and a two-hundred day moving average price of $10.94.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, November 5th. The travel company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). The firm had revenue of $436.40 million during the quarter, compared to analyst estimates of $447.39 million. TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.58 earnings per share. Analysts forecast that TripAdvisor will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Almir Ambeskovic sold 8,000 shares of the company’s 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On TripAdvisor

A number of hedge funds and other institutional investors have recently made changes to their positions in TRIP. Illinois Municipal Retirement Fund lifted its position in TripAdvisor by 2.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 61,011 shares of the travel company’s stock valued at $650,000 after acquiring an additional 1,216 shares in the last quarter. Sterling Capital Management LLC boosted its stake in TripAdvisor by 128.4% in the 3rd quarter. Sterling Capital Management LLC now owns 3,026 shares of the travel company’s stock worth $25,000 after purchasing an additional 1,701 shares during the period. Rockefeller Capital Management L.P. increased its holdings in TripAdvisor by 192.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock worth $40,000 after purchasing an additional 1,821 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in TripAdvisor by 1.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 205,365 shares of the travel company’s stock worth $2,816,000 after purchasing an additional 2,221 shares in the last quarter. Finally, Nykredit A S bought a new position in TripAdvisor during the 2nd quarter worth about $32,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting TripAdvisor

Here are the key news stories impacting TripAdvisor this week:

• Negative Sentiment: Quarterly results missed expectations. Tripadvisor reported earnings of $0.37 per share, below the $0.43 analyst consensus, and revenue of $436.4 million versus estimates of $447.39 million. Revenue fell 11.1% year over year, while EPS declined from $0.58 a year earlier. Earnings report
• Negative Sentiment: A large impairment contributed to a steep net loss. The company reported a $313.1 million third-quarter net loss, including an approximately $370 million goodwill impairment charge. Investigation notice
• Negative Sentiment: CEO and CFO departures add uncertainty. CEO Matt Goldberg is stepping down and leaving the board, alongside a CFO departure, as Tripadvisor pursues an overhaul. Investors may be wary of execution and leadership uncertainty during the transition. Leadership transition
• Negative Sentiment: A shareholder investigation was announced. A law firm says it is investigating potential securities-law violations following the earnings-related selloff. This is an investigation notice, not a finding of wrongdoing, but it adds another concern for investors. Investigation notice

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.