Tripadvisor, Inc. (TRIP) Files Form 4 Insider Selling : Dermot Halpin Sells 7,026 Shares

Tripadvisor, Inc. (TRIP): Dermot Halpin , President, Vacation Rentals of Tripadvisor, Inc. sold 7,026 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $66.21 per share for a total value of $465,200.94 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 9, 2016, Dermot Halpin (President, Vacation Rentals) sold 10,000 shares at $66.08 per share price.On Feb 24, 2016, Seth J Kalvert (SVP, GC, Sec.) sold 48,443 shares at $74.62 per share price.Also, On Dec 14, 2015, Barrie Seidenberg (CEO, Viator, Inc.) sold 19,902 shares at $83.03 per share price.On Jun 26, 2015, Tripadvisor Holdings, Liberty (director 10% owner) purchased 1 shares at $88.95 per share price.

Tripadvisor Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Tripadvisor Inc which led to swings in the share price. The shares opened for trading at $63.57 and hit $66.89 on the upside , eventually ending the session at $66.1, with a gain of 4.77% or 3.01 points. The heightened volatility saw the trading volume jump to 34,16,923 shares. The 52-week high of the share price is $94 and the company has a market cap of $9,631 M . The 52-week low of the share price is at $53.48.

Tripadvisor Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Tripadvisor Inc is Reiterated by UBS to Neutral while Lowering the Price Target of the company shares to $ 66 from a previous price target of $69 . The Rating was issued on May 6, 2016.Tripadvisor Inc is Reiterated by Barclays to Equal Weight while Lowering the Price Target of the company shares to $ 70 from a previous price target of $74 . The Rating was issued on May 6, 2016.Tripadvisor Inc is Downgraded by Stifel to Sell and the brokerage firm has set the Price Target at $53. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Feb 22, 2016.

TripAdvisor Inc. (TripAdvisor) owns and operates a portfolio of online travel brands. TripAdvisor the Company’s brand is a travel Website. The Company operates in two segments: Hotel and Other. Its Other segment consists of three operating segments which include its vacation rentals restaurants and attractions businesses. The Company’s branded Websites include in the United States and localized versions of the TripAdvisor Website in 45 other countries including China under the brand and are offered in 28 languages. It features reviews and opinions on accommodations including hotels and accommodations and vacation rentals as well as restaurants and attractions in approximately 147000 destinations throughout the world. In addition to user-generated content its Websites feature price comparison tools and links to partner Websites including travel advertisers where users can book their travel arrangements.

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