TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “hold” rating reiterated by investment analysts at SunTrust Banks, Inc. in a research report issued on Thursday. They currently have a $44.00 price target on the travel company’s stock. SunTrust Banks, Inc.’s price target would indicate a potential upside of 9.10% from the company’s previous close.
A number of other research firms also recently commented on TRIP. ValuEngine raised TripAdvisor from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Cowen and Company reaffirmed a “hold” rating and set a $42.00 price target on shares of TripAdvisor in a research note on Tuesday, September 12th. Jefferies Group LLC downgraded TripAdvisor from a “hold” rating to an “underperform” rating and cut their price target for the stock from $50.00 to $30.00 in a research note on Thursday, August 24th. Zacks Investment Research downgraded TripAdvisor from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, KeyCorp reaffirmed a “hold” rating on shares of TripAdvisor in a research note on Wednesday, October 4th. Nine equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company. TripAdvisor has an average rating of “Hold” and an average price target of $42.83.
Shares of TripAdvisor (NASDAQ:TRIP) traded down 2.021% during midday trading on Thursday, reaching $39.515. 2,285,220 shares of the company traded hands. The stock’s 50-day moving average is $42.81 and its 200-day moving average is $41.12. The stock has a market capitalization of $5.48 billion, a P/E ratio of 59.781 and a beta of 2.38. TripAdvisor has a 1-year low of $35.34 and a 1-year high of $65.56.
TripAdvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.05). TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The business had revenue of $424.00 million during the quarter, compared to analyst estimates of $421.66 million. During the same period last year, the business posted $0.38 EPS. TripAdvisor’s revenue was up 8.4% compared to the same quarter last year. Equities analysts predict that TripAdvisor will post $1.14 EPS for the current fiscal year.
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In other news, insider Dermot Halpin sold 12,859 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $39.09, for a total value of $502,658.31. Following the completion of the sale, the insider now directly owns 5,364 shares in the company, valued at approximately $209,678.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.09% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of TRIP. UBS Asset Management Americas Inc. increased its holdings in shares of TripAdvisor by 11.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 316,945 shares of the travel company’s stock valued at $13,679,000 after acquiring an additional 32,039 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of TripAdvisor by 7.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,303 shares of the travel company’s stock valued at $229,000 after acquiring an additional 377 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of TripAdvisor by 3.5% in the 1st quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after acquiring an additional 157 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of TripAdvisor by 19.7% in the 1st quarter. Stifel Financial Corp now owns 32,258 shares of the travel company’s stock valued at $1,405,000 after acquiring an additional 5,315 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of TripAdvisor by 68.4% in the 1st quarter. Victory Capital Management Inc. now owns 19,304 shares of the travel company’s stock valued at $833,000 after acquiring an additional 7,839 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.
TripAdvisor Company Profile
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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