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.
ILLEGAL ACTIVITY NOTICE: This news story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/01/11/dipchand-nishar-sells-346-shares-of-tripadvisor-inc-trip-stock.html.
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.
Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.