Wedbush initiated coverage on shares of TripAdvisor (NASDAQ:TRIP) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm issued a neutral rating and a $42.00 price objective on the travel company’s stock.
A number of other research analysts have also issued reports on TRIP. Oppenheimer reiterated a hold rating on shares of TripAdvisor in a research note on Sunday, December 17th. BidaskClub lowered shares of TripAdvisor from a sell rating to a strong sell rating in a research note on Friday, December 22nd. ValuEngine lowered shares of TripAdvisor from a hold rating to a sell rating in a research note on Sunday, December 31st. Zacks Investment Research lowered shares of TripAdvisor from a hold rating to a sell rating in a research note on Friday, January 5th. Finally, Wells Fargo reiterated a hold rating on shares of TripAdvisor in a research note on Wednesday, February 14th. Seven analysts have rated the stock with a sell rating and twenty have given a hold rating to the company’s stock. TripAdvisor currently has an average rating of Hold and a consensus price target of $40.43.
NASDAQ:TRIP opened at $40.15 on Tuesday. TripAdvisor has a 1 year low of $29.50 and a 1 year high of $50.95. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $5,756.63, a P/E ratio of 83.65, a PEG ratio of 4.40 and a beta of 1.83.
TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). TripAdvisor had a negative net margin of 1.22% and a positive return on equity of 5.63%. The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $309.12 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. research analysts forecast that TripAdvisor will post 0.63 EPS for the current year.
TripAdvisor declared that its board has approved a share repurchase program on Wednesday, February 14th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the travel company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
In other news, insider Dermot Halpin sold 26,313 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total transaction of $1,118,039.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ernst 02494 Teunissen sold 9,457 shares of the firm’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 transaction, the chief financial officer now directly owns 13,866 shares of the company’s stock, valued at $554,640. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB lifted its holdings in shares of TripAdvisor by 10.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 21,892 shares of the travel company’s stock worth $754,000 after acquiring an additional 2,119 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of TripAdvisor by 17,655.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,598 shares of the travel company’s stock worth $192,000 after acquiring an additional 1,589 shares during the period. Disciplined Growth Investors Inc. MN lifted its holdings in shares of TripAdvisor by 2.7% during the 4th quarter. Disciplined Growth Investors Inc. MN now owns 489,678 shares of the travel company’s stock worth $16,874,000 after acquiring an additional 13,101 shares during the period. MetLife Investment Advisors LLC bought a new position in shares of TripAdvisor during the 4th quarter worth about $1,156,000. Finally, Macquarie Group Ltd. lifted its holdings in shares of TripAdvisor by 4.7% during the 4th quarter. Macquarie Group Ltd. now owns 2,731,365 shares of the travel company’s stock worth $94,403,000 after acquiring an additional 121,700 shares during the period. 89.15% of the stock is owned by institutional investors.
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TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.
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