Insider Selling: Tripadvisor Inc (TRIP) Insider Sells 26,313 Shares of Stock

Tripadvisor Inc (NASDAQ:TRIP) insider Dermot Halpin sold 26,313 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total transaction of $1,118,039.37. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Tripadvisor Inc (NASDAQ:TRIP) traded down $0.72 on Friday, reaching $41.65. 2,757,600 shares of the company’s stock traded hands, compared to its average volume of 3,868,292. The company has a quick ratio of 2.47, a current ratio of 2.67 and a debt-to-equity ratio of 0.17. Tripadvisor Inc has a fifty-two week low of $29.50 and a fifty-two week high of $50.95. The company has a market capitalization of $5,884.26, a P/E ratio of -297.48, a PEG ratio of 4.64 and a beta of 2.22.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). Tripadvisor had a positive return on equity of 5.63% and a negative net margin of 1.22%. The business had revenue of $321.00 million during the quarter, compared to the consensus estimate of $309.12 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. research analysts expect that Tripadvisor Inc will post 0.61 earnings per share for the current year.

Tripadvisor declared that its board has authorized a stock buyback program on Wednesday, February 14th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the travel company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

TRIP has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “hold” rating and set a $38.00 price objective on shares of Tripadvisor in a research report on Friday, November 3rd. Jefferies Group restated a “sell” rating and set a $35.00 price objective on shares of Tripadvisor in a research report on Tuesday, October 31st. Wells Fargo & Co restated a “market perform” rating and set a $33.00 price objective (down previously from $42.00) on shares of Tripadvisor in a research report on Wednesday, November 8th. Cowen restated a “market perform” rating and set a $40.00 price objective (up previously from $30.00) on shares of Tripadvisor in a research report on Monday, November 27th. Finally, Zacks Investment Research upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Six analysts have rated the stock with a sell rating and nineteen have issued a hold rating to the stock. Tripadvisor presently has an average rating of “Hold” and an average price target of $40.06.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRIP. Technology Crossover Management IX Ltd. bought a new position in Tripadvisor in the fourth quarter worth approximately $78,603,000. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Tripadvisor in the fourth quarter worth $61,301,000. Allianz Asset Management GmbH purchased a new stake in shares of Tripadvisor in the third quarter worth $56,957,000. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Tripadvisor by 12,501.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,377,381 shares of the travel company’s stock worth $55,825,000 after purchasing an additional 1,366,451 shares in the last quarter. Finally, CDAM UK Ltd purchased a new stake in shares of Tripadvisor in the fourth quarter worth $23,443,000. Institutional investors and hedge funds own 79.63% of the company’s stock.

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Tripadvisor Company Profile

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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