Reassessing The Changing Outlook For Liberty TripAdvisor Holdings Inc. (LTRPA)


    BlackRock Fund Advisors recently announced the acquisition of new stake in Liberty TripAdvisor Holdings Inc. (NASDAQ:LTRPA). The institutional investor has increased its shareholding in the Communication Services company by 0.13% to 4.54 million shares with purchase of 5722.0 shares. This fresh investment now brings its stake to 6.29% valued currently at $11.25 million. In addition, Standard General LP raised its holdings by 0.95 million to 4.4 million shares. And Renaissance Technologies LLC has lifted its position by 7.95% or 0.16 million shares – to 2.22 million shares.

    With over 1.2 million Liberty TripAdvisor Holdings Inc. (LTRPA) shares trading Monday and a closing price of $2.80 on the day, the dollar volume was approximately $3.36 million. The shares have shown a negative weekly performance of -5.41% and its price on 08/31/20 lost nearly -8.50%. Currently, there are 75.00M common shares owned by the public and among those 72.17M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for LTRPA have a consensus price objective of $3.00. The analysts have set the share’s price value over the next 12 months at a high of $3.00 and a low of $3.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Liberty TripAdvisor Holdings Inc. stock is 3.00 for the next 12 months. The average price target is 6.67% above its last price level and an upside to the estimated low will see the stock gain 6.67% over that period. But an upside of 6.67% will see the stock hit the forecast high price target while mean target price for the stock is $3.00.

    Insiders at the company have transacted a total of 7 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 12,863 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 2,078 shares.

    The top 3 mutual fund holders in Liberty TripAdvisor Holdings Inc. are Vanguard Total Stock Market Index, Jackson Square SMID Cap Growth Fu, and iShares Russell 2000 ETF. Vanguard Total Stock Market Index owns 1.85 million shares of the company’s stock, all valued at over $4.59 million. Jackson Square SMID Cap Growth Fu sold -0.16 million shares to see its total holdings shrink to 1.7 million shares valued at over $4.22 million and representing 2.36% of the shares outstanding. iShares Russell 2000 ETF sold 67354.0 shares to bring its total holdings to over 1.44 million shares at a value of $3.57 million. iShares Russell 2000 ETF now owns shares totaling to 1.99% of the shares outstanding.

    Shares of Liberty TripAdvisor Holdings Inc. (NASDAQ: LTRPA) opened at $3.06, unchanged from a prior closing price of $3.06. However, the script later closed the day at $2.80, down -8.50%. The company’s stock has a 5-day price change of -5.41% and 4.09% over the past three months. LTRPA shares are trading -61.90% year to date (YTD), with the 12-month market performance down to -67.96% lower. It has a 12-month low price of $0.86 and touched a high of $10.34 over the same period. Currently, 1.2 million shares have been traded, compared to an average intraday trading volume of 1.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.76%, 12.62%, and -29.62% respectively.

    Institutional ownership of Liberty TripAdvisor Holdings Inc. (NASDAQ: LTRPA) shares accounts for 79.20% of the company’s 75.00M shares outstanding. Mutual fund holders own 48.55%, while other institutional holders and individual stakeholders account for 6.17% and 30.21% respectively.

    It has a market capitalization of $321.64M and a beta (3y monthly) value of 2.36. The earnings-per-share (ttm) stands at -$3.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.40% over the week and 6.76% over the month.

    Analysts forecast that Liberty TripAdvisor Holdings Inc. (LTRPA) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2021. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.03 a year ago.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Liberty TripAdvisor Holdings Inc. (LTRPA) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the LTRPA, a number of firms have released research notes about the stock. Guggenheim stated their Neutral rating for the stock in a research note on June 13, 2019, with the firm’s price target at. Evercore ISI coverage for the Liberty TripAdvisor Holdings Inc. (LTRPA) stock in a research note released on October 16, 2018 offered a In-line rating with a price target of $12.50. Guggenheim was of a view on May 25, 2018 that the stock is Sell, while Miller Tabak gave the stock Hold rating on January 18, 2017, issuing a price target of. Guggenheim on their part issued Neutral rating on November 06, 2015.


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