Shares of TripAdvisor (NASDAQ:TRIP) have been given an average rating of “Hold” by the twenty-seven research firms that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a sell rating and twenty have assigned a hold rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $39.29.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 21st. BidaskClub raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. ValuEngine raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Barclays reaffirmed an “equal weight” rating and issued a $41.00 price target (up from $35.00) on shares of TripAdvisor in a research note on Friday, February 16th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $45.00 price target on shares of TripAdvisor in a research note on Friday, February 16th.
In other TripAdvisor news, insider Dermot Halpin sold 26,313 shares of the stock in a transaction on 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 SEC, which is available through this hyperlink. Also, CFO Ernst 02494 Teunissen sold 9,457 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total transaction of $378,280.00. Following the sale, the chief financial officer now owns 13,866 shares of the company’s stock, valued at $554,640. The disclosure for this sale can be found here. Corporate insiders own 1.09% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC bought a new stake in shares of TripAdvisor in the fourth quarter valued at about $104,000. NuWave Investment Management LLC bought a new stake in shares of TripAdvisor in the fourth quarter valued at about $116,000. Steward Partners Investment Advisory LLC lifted its stake in shares of TripAdvisor by 164.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock valued at $168,000 after buying an additional 3,037 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of TripAdvisor in the fourth quarter valued at about $180,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of TripAdvisor by 17,655.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,598 shares of the travel company’s stock valued at $192,000 after buying an additional 1,589 shares during the period. Institutional investors own 89.15% of the company’s stock.
Shares of TRIP traded down $0.19 during mid-day trading on Friday, reaching $40.52. The company’s stock had a trading volume of 831,506 shares, compared to its average volume of 1,604,558. The firm has a market capitalization of $5,657.96, a P/E ratio of 84.42, a PEG ratio of 4.72 and a beta of 1.83. TripAdvisor has a 1 year low of $29.50 and a 1 year high of $50.95. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.17.
TripAdvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). The business had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $309.12 million. TripAdvisor had a negative net margin of 1.22% and a positive return on equity of 5.63%. TripAdvisor’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 EPS. analysts expect that TripAdvisor will post 0.65 earnings per share for the current fiscal year.
TripAdvisor declared that its board has approved a stock buyback program on Wednesday, February 14th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the travel company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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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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