TripAdvisor (NASDAQ:TRIP) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

TripAdvisor (NASDAQ:TRIP) posted its quarterly earnings data on Thursday. The travel company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07, Briefing.com reports. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The company had revenue of $553.00 million for the quarter, compared to analysts’ expectations of $562.92 million. During the same period in the previous year, the firm posted $0.50 EPS. TripAdvisor’s revenue was up 3.9% compared to the same quarter last year.

TripAdvisor Trading Down 0.1%

Shares of TRIP stock traded down $0.01 during trading on Thursday, hitting $15.42. 4,388,049 shares of the stock traded hands, compared to its average volume of 3,021,468. The firm has a market capitalization of $1.79 billion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 2.49 and a beta of 1.21. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.24 and a quick ratio of 1.24. The firm’s fifty day moving average price is $16.70 and its 200-day moving average price is $15.81. TripAdvisor has a 52-week low of $10.43 and a 52-week high of $20.16.

Insider Activity at TripAdvisor

In other news, insider Seth J. Kalvert sold 10,880 shares of TripAdvisor stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $218,035.20. Following the sale, the insider owned 136,914 shares of the company’s stock, valued at approximately $2,743,756.56. The trade was a 7.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.10% of the company’s stock.

Institutional Trading of TripAdvisor

Several institutional investors have recently made changes to their positions in TRIP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of TripAdvisor by 29.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company’s stock valued at $1,162,000 after buying an additional 18,699 shares during the period. Jones Financial Companies Lllp raised its position in TripAdvisor by 1,183.2% in the first quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock valued at $85,000 after purchasing an additional 5,916 shares during the period. Empowered Funds LLC raised its position in TripAdvisor by 14.2% in the first quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock valued at $191,000 after purchasing an additional 1,676 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in TripAdvisor by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company’s stock valued at $4,216,000 after purchasing an additional 22,136 shares during the period. Finally, Creative Planning purchased a new stake in TripAdvisor in the second quarter valued at approximately $349,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TRIP has been the topic of several research analyst reports. B. Riley lifted their price objective on TripAdvisor from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, August 11th. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. UBS Group reiterated a “neutral” rating on shares of TripAdvisor in a report on Sunday, August 10th. Mizuho began coverage on TripAdvisor in a report on Tuesday, September 30th. They issued an “underperform” rating and a $14.00 price objective on the stock. Finally, Bank of America began coverage on TripAdvisor in a report on Monday, July 14th. They set a “neutral” rating and a $19.00 target price on the stock. Eight investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, TripAdvisor currently has a consensus rating of “Reduce” and a consensus price target of $17.03.

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.