Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tripadvisor Inc. shares valued at $698,153 were sold by Kalvert Seth J on Feb 15. At $26.91 per share, Kalvert Seth J sold 25,944 shares. The insider’s holdings dropped to 40,316 shares worth approximately $0.77 million following the completion of this transaction.
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Also, Gouvalaris Geoffrey sold 4,274 shares, netting a total of over 99,516 in proceeds. Following the sale of shares at $23.28 each, the insider now holds 26,551 shares.
Before that, TEUNISSEN ERNST 02494 had sold 15,000 shares from its account. In a trade valued at $412,500, the Chief Financial Officer traded Tripadvisor Inc. shares for $27.50 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $0.64 million.
As published in a research note from Bernstein on February 16, 2023, Tripadvisor Inc. [TRIP] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $26 from $28. This represents a 26.85% premium over Thursday’s closing price. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in early February. As of December 07, 2022, Wolfe Research has decreased its “Peer perform” rating to a “an Underperform” for TRIP. Earlier on April 20, 2022, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for TRIP stock which previously was a “a Buy”.
Analyzing TRIP Stock Performance
On Thursday, Tripadvisor Inc. [NASDAQ: TRIP] rose 2.98% to $19.02. The stock’s lowest price that day was $18.24, but it reached a high of $19.20 in the same session. During the last five days, there has been a drop of approximately -5.09%. Over the course of the year, Tripadvisor Inc. shares have jumped approximately 5.78%. Shares of the company reached a 52-week high of $27.30 on 02/15/23 and a 52-week low of $18.00 on 01/03/23. A 50-day SMA is recorded $21.98, while a 200-day SMA reached $21.65. Nevertheless, trading volume fell to 2.28 million shares from 2.9 million shares the previous day.
Support And Resistance Levels for Tripadvisor Inc. (TRIP)
According to the 24-hour chart, there is a support level at 18.44, which, if violated, would cause prices to drop to 17.86. In the upper region, resistance lies at 19.40. The next price resistance is at 19.78. RSI (Relative Strength Index) is 32.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.53, which suggests the price will decrease in the coming days. Percent R is at 78.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Tripadvisor Inc. subject to short interest?
Stocks of Tripadvisor Inc. saw a sharp steep in short interest on Jan 12, 2023 dropping by -5.03 million shares to 7.2 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 12.23 million shares. A decline of -69.86% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.62 of the overall float, the days-to-cover ratio (short ratio) decline to 3.62.
Which companies own the most shares of Tripadvisor Inc. (TRIP)?
According to The Vanguard Group, Inc. filings, the company currently owns 10,604,773 shares, which is about 8.30% of the total TRIP shares outstanding. The investor’s shares have appreciated by 467,085 from its previous 13-F filing of 10137688.0 shares. With the completion of the sale transaction, PAR Capital Management, Inc.’s stake is now worth $183,345,000. BlackRock Fund Advisors acquire a 8.44% interest valued at $181.38 million while Select Equity Group LP purchased a 1,557,851 stake. A total of 42,134 shares of Tripadvisor Inc. were bought by FIL Investment Advisors during the quarter, and 1,075,446 were bought by Marshall Wace LLP. In its current portfolio, Van Lanschot Kempen Investment Ma holds 2,931,175 shares valued at $63.23 million.
In terms of Tripadvisor Inc. share price expectations, FactSet research, analysts set an average price target of $26.21 in the next 12 months, up nearly 35.35% from the previous closing price of $18.47. Analysts anticipate Tripadvisor Inc. stock to reach $40.00 by 2023, with the lowest price target being $17.00. On January 07, 2022, Jefferies assigned a price target of “an Underperform” to the stock and resumed coverage with a $25.