B. Riley Financial Cuts TripAdvisor (NASDAQ:TRIP) Price Target to $12.50

TripAdvisor (NASDAQ:TRIP) had its price objective decreased by B. Riley Financial from $13.00 to $12.50 in a research note published on Monday morning,Benzinga reports. B. Riley Financial currently has a neutral rating on the travel company’s stock.

A number of other equities analysts have also recently weighed in on TRIP. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TripAdvisor in a report on Friday, May 15th. UBS Group raised their price objective on TripAdvisor from $13.70 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. cut their price objective on TripAdvisor from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Friday, August 7th. Cantor Fitzgerald 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 Friday, August 7th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 target price on shares of TripAdvisor in a research report on Monday, July 20th. 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. According to MarketBeat, TripAdvisor currently has an average rating of “Reduce” and a consensus target price of $14.46.

TripAdvisor Stock Performance

TRIP opened at $10.71 on Monday. The firm has a fifty day moving average price of $13.20 and a 200 day moving average price of $11.65. TripAdvisor has a 1 year low of $9.01 and a 1 year high of $20.16. The stock has a market cap of $1.25 billion, a P/E ratio of 1,072.07, a P/E/G ratio of 2.15 and a beta of 0.86. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.56 and a quick ratio of 1.56.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The firm had revenue of $385.30 million for the quarter, compared to analyst estimates of $506.27 million. During the same quarter in the prior year, the business posted $0.46 EPS. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. Equities research analysts anticipate that TripAdvisor will post 0.69 earnings per share for the current year.

Insider Buying and Selling at TripAdvisor

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

Institutional Trading of TripAdvisor

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new position in TripAdvisor in the 2nd quarter worth approximately $92,000. Quantbot Technologies LP purchased a new stake in shares of TripAdvisor in the second quarter valued at approximately $440,000. K.J. Harrison & Partners Inc acquired a new stake in shares of TripAdvisor in the second quarter valued at approximately $1,524,000. BlackRock Inc. acquired a new stake in shares of TripAdvisor in the second quarter valued at approximately $239,065,000. Finally, Deutsche Bank AG purchased a new position in TripAdvisor during the second quarter worth approximately $1,760,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

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.