Tripadvisor Inc (TRIP) SVP Seth J. Kalvert Sells 15,653 Shares

Tripadvisor Inc (NASDAQ:TRIP) SVP Seth J. Kalvert sold 15,653 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $65.14, for a total transaction of $1,019,636.42. Following the completion of the transaction, the senior vice president now owns 15,653 shares of the company’s stock, valued at approximately $1,019,636.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tripadvisor stock traded down $2.25 during mid-day trading on Friday, hitting $61.63. 43,875 shares of the stock were exchanged, compared to its average volume of 2,610,032. Tripadvisor Inc has a 12 month low of $34.00 and a 12 month high of $69.00. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 129.42, a PEG ratio of 4.03 and a beta of 1.51.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 7th. The travel company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.24. Tripadvisor had a net margin of 1.38% and a return on equity of 7.46%. The firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $469.09 million. During the same quarter last year, the business earned $0.36 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts expect that Tripadvisor Inc will post 1.12 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in shares of Tripadvisor by 3.9% in the 1st quarter. Principal Financial Group Inc. now owns 166,354 shares of the travel company’s stock valued at $6,801,000 after acquiring an additional 6,182 shares in the last quarter. Cornerstone Wealth Management LLC bought a new stake in shares of Tripadvisor in the 2nd quarter valued at $323,000. Advisory Services Network LLC increased its stake in shares of Tripadvisor by 10,215.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,960 shares of the travel company’s stock valued at $119,000 after acquiring an additional 1,941 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Tripadvisor in the 2nd quarter valued at $211,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Tripadvisor by 4.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 341,728 shares of the travel company’s stock valued at $19,038,000 after acquiring an additional 15,842 shares in the last quarter. Hedge funds and other institutional investors own 88.79% of the company’s stock.

A number of research analysts recently issued reports on the stock. Bank of America raised their price objective on shares of Tripadvisor from $38.00 to $43.00 and gave the company an “underperform” rating in a report on Thursday, November 8th. SunTrust Banks raised their price objective on shares of Tripadvisor to $66.00 and gave the company a “hold” rating in a report on Friday, November 9th. Wedbush reiterated a “neutral” rating and issued a $66.00 price objective on shares of Tripadvisor in a report on Friday, November 9th. DA Davidson raised their price objective on shares of Tripadvisor to $62.00 and gave the company a “neutral” rating in a report on Friday, November 9th. They noted that the move was a valuation call. Finally, UBS Group lowered shares of Tripadvisor from a “neutral” rating to a “sell” rating and raised their price objective for the company from $47.00 to $50.00 in a report on Friday, November 9th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Tripadvisor currently has an average rating of “Hold” and a consensus price target of $55.71.

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Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

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Insider Buying and Selling by Quarter for Tripadvisor (NASDAQ:TRIP)

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