TripAdvisor Sharply Lower After Mixed Q3 Report

Stock analysts at Oppenheimer Holdings cut their Q3 2016 earnings estimates for TripAdvisor in a research note issued to investors on Sunday.

A number of other equities analysts also recently issued reports on TRIP. Susquehanna initiated coverage on shares of TripAdvisor in a research report on Wednesday, October 19th. The company's shares were down 13 percent at $54.89 in after-hours trading on Tuesday. EPS or Earning per Share stands at $0.94.

TripAdvisor saw average monthly unique visitors reached 390 million, up 11% year-over-year. According to First Call, the consensus price target for the company is $12.62. (NASDAQ:TRIP) is $63.26 while their mean recommendation is 3.00 (1=Buy, 5=sell). As of 10.47 a.m. EST, the stock was down 18.3%. That marks the lowest level for the issue since it bottomed in May 2013 at $51.72. The company has a 50-day moving average of $63.02 and a 200-day moving average of $64.38. This Retail-Wholesale Sector stock now has the Market Capitalization of 9.03 Billion.

TripAdvisor Inc.'s (TRIP) made a return of -2.32% in one month through last close, displaying a 3.02% return during the past three months. The travel company reported $0.53 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.53.

TripAdvisor reported its third quarter results Tuesday and in prepared remarks the company indicated that while Instant Booking made some progress in the USA in terms of growth in click-based and transaction revenue, and revenue per hotel shopper - a key metric - outside the US revenue per hotel shopper faced "significant headwinds". "In the third quarter", Kaufer said, "content and community grew quickly off of massive bases, and we continued improving our products and our platform". Revenue for the quarter came in at $421 million versus the consensus estimate of $436.31 million. The stock was sold at an average price of $61.77, for a total value of $617,700.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Seidenberg Barrie sold 4,274 company shares for $259000.73, in a transaction on 2016-09-26. The shares were sold at an average price of $60.77, for a total transaction of $259,730.98. Following the completion of the transaction, the senior vice president now directly owns 10,653 shares of the company's stock, valued at approximately $644,506.50. The disclosure for this sale can be found here. Company insiders own 0.98% of the company's stock. Advisor Group Inc. bought a new stake in shares of TripAdvisor during the second quarter valued at about $221,000. Menta Capital LLC now owns 20,000 shares of the company's stock valued at $438,000 after buying an additional 8,400 shares during the last quarter. Following the sale, the insider now directly owns 286 shares in the company, valued at $17,380.22. Prudential Financial Inc. now owns 31,550 shares of the company's stock valued at $690,000 after buying an additional 14,300 shares during the last quarter.

  • Delores Daniels