Tripadvisor (NASDAQ:TRIP) Sets New 52-Week Low at $37.58

Tripadvisor Inc (NASDAQ:TRIP)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $37.58 and last traded at $37.60, with a volume of 15794 shares. The stock had previously closed at $38.52.

TRIP has been the subject of a number of analyst reports. ValuEngine upgraded Tripadvisor from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Wedbush reiterated a “neutral” rating and issued a $50.00 price target (down previously from $60.00) on shares of Tripadvisor in a research note on Thursday, May 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $50.00 price target on shares of Tripadvisor in a research note on Friday, August 9th. Needham & Company LLC initiated coverage on Tripadvisor in a research note on Monday, May 20th. They issued a “buy” rating and a $63.00 price target for the company. Finally, Cleveland Research initiated coverage on Tripadvisor in a research note on Wednesday, June 19th. They issued a “neutral” rating for the company. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $55.25.

The firm’s fifty day simple moving average is $43.78 and its 200 day simple moving average is $48.94. The firm has a market cap of $5.40 billion, a P/E ratio of 35.96, a P/E/G ratio of 1.94 and a beta of 1.33.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Wednesday, August 7th. The travel company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.08). Tripadvisor had a net margin of 8.49% and a return on equity of 10.63%. The company had revenue of $422.00 million for the quarter, compared to the consensus estimate of $445.46 million. During the same period last year, the company earned $0.41 EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities analysts predict that Tripadvisor Inc will post 1.25 EPS for the current year.

In related news, CFO Ernst 02494 Teunissen sold 8,117 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $45.60, for a total value of $370,135.20. Following the completion of the transaction, the chief financial officer now owns 14,599 shares of the company’s stock, valued at approximately $665,714.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dermot Halpin sold 3,409 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $40.23, for a total transaction of $137,144.07. Following the completion of the transaction, the insider now directly owns 752 shares of the company’s stock, valued at approximately $30,252.96. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. bought a new position in shares of Tripadvisor in the 2nd quarter valued at about $27,000. MUFG Americas Holdings Corp lifted its stake in Tripadvisor by 136.1% in the second quarter. MUFG Americas Holdings Corp now owns 687 shares of the travel company’s stock worth $32,000 after purchasing an additional 396 shares during the last quarter. Glassman Wealth Services lifted its stake in Tripadvisor by 4,518.8% in the second quarter. Glassman Wealth Services now owns 739 shares of the travel company’s stock worth $34,000 after purchasing an additional 723 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in Tripadvisor in the first quarter worth about $42,000. Finally, CSat Investment Advisory L.P. lifted its stake in Tripadvisor by 65.1% in the first quarter. CSat Investment Advisory L.P. now owns 1,083 shares of the travel company’s stock worth $56,000 after purchasing an additional 427 shares during the last quarter. 84.54% of the stock is owned by hedge funds and other institutional investors.

About Tripadvisor (NASDAQ:TRIP)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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