Tripadvisor Inc. (NASDAQ:TRIP) shares traded -2.25% lower at $15.61 on Wall Street last session.
TRIP stock price is now -14.93% away from the 50-day moving average and -26.66% away from the 200-day moving average. The market capitalization of the company currently stands at $2.25B.
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With the price target reduced from $40 to $21, Truist Downgraded its rating from Buy to Hold for Tripadvisor Inc. (NASDAQ: TRIP). On February 16, 2023, Bernstein Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $28 to quote $26, while ‘BofA Securities’ rates the stock as ‘Buy’.
In other news, Kalvert Seth J, Chief Legal Officer & Sec. sold 25,944 shares of the company’s stock on Feb 15. The stock was sold for $698,153 at an average price of $26.91. Upon completion of the transaction, the Chief Legal Officer & Sec. now directly owns 40,316 shares in the company, valued at $0.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06, Chief Accounting Officer Gouvalaris Geoffrey sold 4,274 shares of the business’s stock. A total of $99,516 was realized by selling the stock at an average price of $23.28. This leaves the insider owning 26,551 shares of the company worth $0.41 million. Insiders disposed of 126,157 shares of company stock worth roughly $1.97 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TRIP stock. A new stake in Tripadvisor Inc. shares was purchased by RIVER ROAD ASSET MANAGEMENT, LLC during the first quarter worth $46,000,000. INVENOMIC CAPITAL MANAGEMENT LP invested $3,332,000 in shares of TRIP during the first quarter. In the first quarter, LOS ANGELES CAPITAL MANAGEMENT LLC acquired a new stake in Tripadvisor Inc. valued at approximately $3,154,000. ARDMORE ROAD ASSET MANAGEMENT LP acquired a new stake in TRIP for approximately $3,122,000. NOMURA HOLDINGS INC purchased a new stake in TRIP valued at around $1,486,000 in the second quarter. In total, there are 396 active investors with 86.20% ownership of the company’s stock.
Tripadvisor Inc. (NASDAQ: TRIP) opened at $15.76 on Tuesday. During the past 12 months, Tripadvisor Inc. has had a low of $14.39 and a high of $28.05. As of last week, the company has a debt-to-equity ratio of 1.11, a current ratio of 1.90, and a quick ratio of 1.90. The fifty day moving average price for TRIP is $18.24 and a two-hundred day moving average price translates $21.27 for the stock.
The latest earnings results from Tripadvisor Inc. (NASDAQ: TRIP) was released for Mar, 2023. According to the Travel Services Company, earnings per share came in at $0.05, missing analysts’ expectations of $0.07 by -0.02. This compares to -$0.24 EPS in the same period last year. The net profit margin was -1.20% and return on equity was -2.30% for TRIP. The company reported revenue of $371.0 million for the quarter, compared to $262.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 41.6 percent. For the current quarter, analysts expect TRIP to generate $471.72M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/04/2019. Investors who held shares on 11/20/2019 were paid a $3.50 dividend.
Tripadvisor Inc.(TRIP) Company Profile
TripAdvisor, Inc. operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Tripadvisor Core, Viator, and TheFork. The Tripadvisor Core segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises. The Viator’s segment provides pure-play experiences online travel agency that evaluates businesses and enables travelers to discover and book tours, activities, and attractions from experience operators. TheFork segment provides an online marketplace that enables diners to discover and book online reservations at restaurants. TripAdvisor, Inc. was founded in 2000 and is headquartered in Needham, Massachusetts.
