Tripadvisor Inc (NASDAQ:TRIP)’s share price traded up 0.2% on Wednesday . The company traded as high as $41.31 and last traded at $40.92. 2,549,382 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 2,970,701 shares. The stock had previously closed at $40.84.
A number of equities analysts recently weighed in on the company. BidaskClub raised Tripadvisor from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research cut Tripadvisor from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. ValuEngine cut Tripadvisor from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Oppenheimer reaffirmed a “hold” rating on shares of Tripadvisor in a report on Thursday, January 25th. Finally, Cowen reaffirmed a “market perform” rating and issued a $40.00 price target (up previously from $30.00) on shares of Tripadvisor in a report on Monday, November 27th. Eight research analysts have rated the stock with a sell rating and eighteen have assigned a hold rating to the company. The company has an average rating of “Hold” and an average price target of $39.42.
The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47. The stock has a market capitalization of $5,700.94, a PE ratio of 84.90, a PEG ratio of 4.74 and a beta of 2.22.
In other news, CFO Ernst 02494 Teunissen sold 9,457 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total value of $378,280.00. Following the completion of the sale, the chief financial officer now directly owns 13,866 shares in the company, valued at $554,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. FNY Managed Accounts LLC purchased a new position in Tripadvisor in the third quarter worth approximately $101,000. SeaCrest Wealth Management LLC purchased a new position in Tripadvisor in the fourth quarter worth approximately $104,000. NuWave Investment Management LLC purchased a new position in Tripadvisor in the fourth quarter worth approximately $116,000. Steward Partners Investment Advisory LLC grew its position in Tripadvisor by 164.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock worth $168,000 after acquiring an additional 3,037 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in Tripadvisor in the fourth quarter worth approximately $180,000. Institutional investors and hedge funds own 90.32% of the company’s stock.
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.
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.