Insider Selling: TripAdvisor (NASDAQ:TRIP) CEO Sells $75,600.00 in Stock

TripAdvisor, Inc. (NASDAQ:TRIP) CEO Almir Ambeskovic sold 8,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were 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 in the company, valued at $287,809.20. The trade was a 20.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TripAdvisor Stock Down 0.1%

Shares of NASDAQ TRIP opened at $9.32 on Monday. 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 firm has a market cap of $1.09 billion, a PE ratio of 932.93, a P/E/G ratio of 3.47 and a beta of 0.83. The company’s fifty day simple moving average is $12.36 and its 200 day simple moving average is $11.36. TripAdvisor, Inc. has a 12-month low of $9.01 and a 12-month high of $20.16.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly 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). The company had revenue of $385.30 million during the quarter, compared to the consensus estimate of $506.27 million. TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. As a group, sell-side analysts forecast that TripAdvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TRIP. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TripAdvisor in a research note on Wednesday, August 12th. Barclays decreased their price objective on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their target price on TripAdvisor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. DA Davidson increased their target price on TripAdvisor from $10.50 to $15.50 and gave the stock a “neutral” rating in a report on Monday, June 15th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $16.00 price target on shares of TripAdvisor in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, TripAdvisor currently has an average rating of “Reduce” and an average price target of $14.12.

Hedge Funds Weigh In On TripAdvisor

A number of hedge funds have recently added to or reduced their stakes in TRIP. Nykredit A S purchased a new stake in shares of TripAdvisor in the second quarter worth approximately $32,000. UMB Bank n.a. boosted its position in shares of TripAdvisor by 295.2% during the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock valued at $33,000 after buying an additional 1,718 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in TripAdvisor during the fourth quarter worth $33,000. Public Employees Retirement System of Ohio bought a new stake in TripAdvisor during the second quarter worth $36,000. Finally, Rockefeller Capital Management L.P. raised its position in TripAdvisor by 192.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after buying an additional 1,821 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.