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

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) gapped down before the market opened on Tuesday . The stock had previously closed at $14.41, but opened at $13.85. TripAdvisor shares last traded at $14.0310, with a volume of 525,395 shares.

Analysts Set New Price Targets

TRIP has been the subject of several research analyst reports. Barclays reduced their target price on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Monday, May 11th. BTIG Research lowered shares of TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Tuesday. Wedbush upped their price target on shares of TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, June 16th. DA Davidson increased their price objective on shares of TripAdvisor from $10.50 to $15.50 and gave the company a “neutral” rating in a research note on Monday, June 15th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of TripAdvisor in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $14.76.

TripAdvisor Price Performance

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.36. The company has a 50 day simple moving average of $12.41 and a 200-day simple moving average of $11.77. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 138.41, a PEG ratio of 2.71 and a beta of 0.86.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.08). TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The firm had revenue of $382.40 million during the quarter, compared to analyst estimates of $384.69 million. TripAdvisor’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. As a group, research analysts anticipate that TripAdvisor, Inc. will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total value of $98,400.00. Following the completion of the transaction, the chief executive officer owned 34,396 shares of the company’s stock, valued at $423,070.80. The trade was a 18.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new stake in shares of TripAdvisor during the 4th quarter valued at about $33,000. UMB Bank n.a. lifted its holdings in TripAdvisor by 295.2% in the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after acquiring an additional 1,718 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in TripAdvisor by 192.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after acquiring an additional 1,821 shares during the period. CIBC Private Wealth Group LLC acquired a new position in TripAdvisor in the third quarter valued at approximately $58,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of TripAdvisor during the fourth quarter valued at approximately $58,000. 98.99% of the stock is currently owned by institutional investors.

TripAdvisor Company Profile

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.