Insider Selling: Tripadvisor Inc (NASDAQ:TRIP) Director Sells 346 Shares of Stock

Tripadvisor Inc (NASDAQ:TRIP) Director Dipchand Nishar sold 346 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $34.50, for a total transaction of $11,937.00. Following the sale, the director now owns 9,371 shares of the company’s stock, valued at approximately $323,299.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Tripadvisor Inc (NASDAQ TRIP) traded up $0.79 during mid-day trading on Thursday, hitting $35.28. 4,182,364 shares of the company’s stock were exchanged, compared to its average volume of 2,365,534. Tripadvisor Inc has a 12-month low of $29.50 and a 12-month high of $53.58. The stock has a market capitalization of $4,900.00, a PE ratio of 75.06, a price-to-earnings-growth ratio of 4.11 and a beta of 2.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The firm had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $451.27 million. During the same quarter in the previous year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. research analysts expect that Tripadvisor Inc will post 0.69 EPS for the current fiscal year.

TRIP has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Tripadvisor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Deutsche Bank reduced their price objective on shares of Tripadvisor from $40.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, October 24th. Jefferies Group restated a “sell” rating and set a $27.00 price target on shares of Tripadvisor in a research report on Friday, November 10th. SunTrust Banks restated a “hold” rating and set a $44.00 price target on shares of Tripadvisor in a research report on Thursday, October 12th. Finally, Royal Bank of Canada reduced their price target on shares of Tripadvisor from $38.00 to $34.00 and set a “sector perform” rating for the company in a research report on Monday, November 13th. Eight analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $39.42.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Managed Accounts LLC purchased a new position in shares of Tripadvisor during the third quarter valued at about $101,000. D.A. Davidson & CO. grew its holdings in Tripadvisor by 957.0% in the third quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock worth $229,000 after purchasing an additional 5,120 shares during the period. BlueMountain Capital Management LLC purchased a new stake in Tripadvisor in the second quarter worth about $242,000. Cutter & CO Brokerage Inc. grew its holdings in Tripadvisor by 0.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock worth $249,000 after purchasing an additional 30 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in Tripadvisor in the second quarter worth about $252,000. Institutional investors own 88.71% of the company’s stock.

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About Tripadvisor

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

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