Brokerages Set TripAdvisor, Inc. (NASDAQ:TRIP) Price Target at $14.12

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) have been assigned a consensus rating of “Reduce” from the fifteen analysts that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $14.1154.

Several research firms have weighed in on TRIP. BTIG Research downgraded TripAdvisor from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 21st. B. Riley Financial dropped their price target on shares of TripAdvisor from $13.00 to $12.50 and set a “neutral” rating for the company in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TripAdvisor in a research note on Wednesday, August 12th. UBS Group decreased their price target on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Finally, DA Davidson upped their target price on TripAdvisor from $10.50 to $15.50 and gave the stock a “neutral” rating in a research report on Monday, June 15th.

Insider Buying and Selling

In related news, CEO Almir Ambeskovic sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total transaction 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. The trade was a 18.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TRIP. Nykredit A S acquired a new position in TripAdvisor in the 2nd quarter worth $32,000. UMB Bank n.a. lifted its stake in shares of 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 in the last quarter. Kestra Advisory Services LLC purchased a new position in TripAdvisor in the fourth quarter valued at about $33,000. Public Employees Retirement System of Ohio purchased a new position in TripAdvisor in the second quarter valued at about $36,000. Finally, Rockefeller Capital Management L.P. grew its stake 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 valued at $40,000 after purchasing an additional 1,821 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

TripAdvisor Price Performance

TRIP opened at $9.87 on Friday. 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 has a 12 month low of $9.01 and a 12 month high of $20.16. The stock has a market capitalization of $1.16 billion, a P/E ratio of 987.99, a P/E/G ratio of 3.67 and a beta of 0.86. The business has a 50 day simple moving average of $12.70 and a 200-day simple moving average of $11.41.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The company had revenue of $385.30 million for the quarter, compared to analyst estimates of $506.27 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, equities analysts anticipate that TripAdvisor will post 0.36 earnings per share for the current fiscal year.

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.