Tripadvisor Inc. (NASDAQ: TRIP) stock jumped 0.72% on Thursday to $15.44 against a previous-day closing price of $15.33. With 1.74 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.5 million shares. During the session, the Travel Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $15.53 whereas the lowest price it dropped to was $15.10. The 52-week range on TRIP shows that it touched its highest point at $28.05 and its lowest point at $14.39 during that stretch. It currently has a 1-year price target of $21.43. Beta for the stock currently stands at 1.38.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TRIP was down-trending over the past week, with a drop of -4.63%, but this was down by -10.70% over a month. Three-month performance dropped to -28.49% while six-month performance fell -20.98%. The stock lost -30.17% in the past year, while it has lost -14.13% so far this year. A look at the trailing 12-month EPS for TRIP yields -0.15 with Next year EPS estimates of 1.54. For the next quarter, that number is 0.36. This implies an EPS growth rate of 112.70% for this year and 22.30% for next year. EPS is expected to grow by 32.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -18.70%.
Float and Shares Shorts:
At present, 141.00 million TRIP shares are outstanding with a float of 102.61 million shares on hand for trading. On Apr 27, 2023, short shares totaled 7.88 million, which was 5.54% higher than short shares on Mar 30, 2023. In addition to Mr. Matthew Goldberg as the firm’s Pres, CEO & Director, Mr. Michael Noonan serves as its Sr. VP & CFO.
Institutional Ownership:
Through their ownership of 85.97% of TRIP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 41.85% of TRIP, in contrast to 38.05% held by mutual funds. Shares owned by individuals account for 34.38%. As the largest shareholder in TRIP with 8.61% of the stake, The Vanguard Group, Inc. holds 11,029,736 shares worth 11,029,736. A second-largest stockholder of TRIP, BlackRock Fund Advisors, holds 8,450,860 shares, controlling over 6.59% of the firm’s shares. Select Equity Group LP is the third largest shareholder in TRIP, holding 7,822,394 shares or 6.10% stake. With a 2.66% stake in TRIP, the Fidelity Funds SICAV – Global Tec is the largest stakeholder. A total of 3,403,025 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 2.55% of TRIP stock, is the second-largest Mutual Fund holder. It holds 3,269,824 shares valued at 57.97 million. Vanguard Total Stock Market ETF holds 2.48% of the stake in TRIP, owning 3,176,604 shares worth 56.32 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, TRIP reported revenue of $417.00M and operating income of $63.00M. The EBITDA in the recently reported quarter was $89.00M and diluted EPS was $0.21.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TRIP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TRIP analysts setting a high price target of $38.00 and a low target of $14.00, the average target price over the next 12 months is $21.07. Based on these targets, TRIP could surge 146.11% to reach the target high and fall by -9.33% to reach the target low. Reaching the average price target will result in a growth of 36.46% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded TRIP stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 28 over the past year. The total number of shares bought during that period was 311,823 while 126,157 shares were sold.
