TripAdvisor (TRIP) Shares Down 8.5%

TripAdvisor (NASDAQ:TRIP) traded down 8.5% during trading on Wednesday . The stock traded as low as $38.24 and last traded at $38.33. 3,930,674 shares traded hands during trading, an increase of 39% from the average session volume of 2,831,658 shares. The stock had previously closed at $41.91.

TRIP has been the topic of several research reports. Zacks Investment Research raised TripAdvisor from a “sell” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, January 11th. Barclays reaffirmed an “equal weight” rating and issued a $41.00 price target (up previously from $35.00) on shares of TripAdvisor in a report on Friday, February 16th. Piper Jaffray reaffirmed a “neutral” rating and issued a $47.00 price target on shares of TripAdvisor in a report on Thursday, February 15th. ValuEngine raised TripAdvisor from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Finally, Wells Fargo reaffirmed a “hold” rating on shares of TripAdvisor in a report on Wednesday, February 14th. Seven investment analysts have rated the stock with a sell rating and nineteen have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.40.

The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.67 and a current ratio of 2.67. The stock has a market capitalization of $5,933.14, a price-to-earnings ratio of 79.85, a P/E/G ratio of 4.95 and a beta of 1.83.



TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, February 14th. The travel company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.08). TripAdvisor had a positive return on equity of 5.63% and a negative net margin of 1.22%. The firm had revenue of $321.00 million for the quarter, compared to analysts’ expectations of $309.12 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. sell-side analysts expect that TripAdvisor will post 0.65 EPS for the current year.

TripAdvisor declared that its board has authorized a stock repurchase program on Wednesday, February 14th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the travel company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

In other news, insider Dermot Halpin sold 26,313 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total transaction of $1,118,039.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ernst 02494 Teunissen sold 9,457 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total transaction of $378,280.00. Following the transaction, the chief financial officer now owns 13,866 shares in the company, valued at $554,640. The disclosure for this sale can be found here. Insiders own 1.09% of the company’s stock.

Several institutional investors have recently bought and sold shares of TRIP. Technology Crossover Management IX Ltd. purchased a new position in shares of TripAdvisor during the 4th quarter valued at $78,603,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of TripAdvisor during the 4th quarter valued at $61,301,000. CDAM UK Ltd purchased a new position in shares of TripAdvisor during the 4th quarter valued at $23,443,000. First Trust Advisors LP grew its holdings in shares of TripAdvisor by 32.1% during the 4th quarter. First Trust Advisors LP now owns 2,439,465 shares of the travel company’s stock valued at $84,064,000 after acquiring an additional 592,258 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of TripAdvisor by 29.2% during the 4th quarter. Allianz Asset Management GmbH now owns 1,816,118 shares of the travel company’s stock valued at $62,584,000 after acquiring an additional 410,818 shares in the last quarter. Institutional investors and hedge funds own 88.80% of the company’s stock.

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About TripAdvisor

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

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