Royal Bank of Canada reaffirmed their hold rating on shares of Tripadvisor (NASDAQ:TRIP) in a report issued on Friday. They currently have a $45.00 target price on the travel company’s stock.
Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Tripadvisor from a sell rating to a buy rating and set a $39.00 price target for the company in a research report on Thursday, January 11th. BidaskClub raised Tripadvisor from a sell rating to a hold rating in a research report on Friday. Piper Jaffray Companies reaffirmed a neutral rating and issued a $47.00 price target on shares of Tripadvisor in a research report on Thursday. Wells Fargo & Co reaffirmed a hold rating on shares of Tripadvisor in a research report on Wednesday, February 14th. Finally, ValuEngine raised Tripadvisor from a sell rating to a hold rating in a research report on Thursday. Seven analysts have rated the stock with a sell rating and eighteen have assigned a hold rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $40.06.
Tripadvisor (NASDAQ TRIP) opened at $43.32 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.67 and a quick ratio of 2.47. The stock has a market capitalization of $6,016.20, a PE ratio of -309.41, a PEG ratio of 5.00 and a beta of 2.22. Tripadvisor has a 52-week low of $29.50 and a 52-week high of $50.95.
Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.08). The company had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $309.12 million. Tripadvisor had a positive return on equity of 5.63% and a negative net margin of 1.22%. Tripadvisor’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS. research analysts expect that Tripadvisor will post 0.48 earnings per share for the current year.
Tripadvisor announced that its board has initiated a share buyback plan on Wednesday, February 14th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the travel company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total transaction of $378,280.00. Following the completion of the sale, the chief financial officer now directly owns 13,866 shares in the company, valued at approximately $554,640. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.09% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. FNY Managed Accounts LLC bought a new stake in shares of Tripadvisor during the 3rd quarter valued at about $101,000. SeaCrest Wealth Management LLC bought a new stake in shares of Tripadvisor during the 4th quarter valued at about $104,000. NuWave Investment Management LLC bought a new stake in shares of Tripadvisor during the 4th quarter valued at about $116,000. Steward Partners Investment Advisory LLC grew its stake in shares of Tripadvisor by 164.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock valued at $168,000 after purchasing an additional 3,037 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Tripadvisor during the 4th quarter valued at about $180,000. Institutional investors and hedge funds own 90.33% of the company’s stock.
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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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