TripAdvisor (NASDAQ:TRIP) Hits New 52-Week Low – Should You Sell?

TripAdvisor, Inc. (NASDAQ:TRIP)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.98 and last traded at $9.0850, with a volume of 560093 shares traded. The stock had previously closed at $9.32.

Analysts Set New Price Targets

Several equities research analysts recently commented on TRIP shares. Barclays decreased their price objective on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Monday, May 11th. Weiss Ratings restated a “sell (d)” rating on shares of TripAdvisor in a research report on Wednesday, August 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $16.00 price target on shares of TripAdvisor in a report on Monday, July 20th. UBS Group dropped their price objective on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Finally, Cantor Fitzgerald reduced their target price on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $14.12.

TripAdvisor Trading Down 2.5%

The firm has a market capitalization of $1.06 billion, a PE ratio of 909.41, a P/E/G ratio of 3.47 and a beta of 0.83. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.28. The business’s fifty day moving average price is $12.27 and its 200 day moving average price is $11.35.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Thursday, August 6th. The travel company reported $0.35 earnings per share (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 analysts’ expectations of $506.27 million. During the same period in the previous year, the company posted $0.46 EPS. The business’s quarterly revenue was down 7.2% on a year-over-year basis. As a group, analysts expect that TripAdvisor, Inc. will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total transaction of $75,600.00. Following the transaction, the chief executive officer owned 30,456 shares of the company’s stock, valued at $287,809.20. This represents a 20.80% decrease in their position. The sale 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.

Hedge Funds Weigh In On TripAdvisor

Several large investors have recently added to or reduced their stakes in the business. Nykredit A S acquired a new position in shares of TripAdvisor during the 2nd quarter valued at about $32,000. UMB Bank n.a. boosted its position 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 during the last quarter. Kestra Advisory Services LLC purchased a new stake in TripAdvisor in the fourth quarter valued at approximately $33,000. Public Employees Retirement System of Ohio purchased a new stake in TripAdvisor in the second quarter valued at approximately $36,000. Finally, Rockefeller Capital Management L.P. increased its position in TripAdvisor by 192.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock worth $40,000 after purchasing an additional 1,821 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other 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.