BidaskClub upgraded shares of TripAdvisor (NASDAQ:TRIP) from a sell rating to a hold rating in a research note published on Monday.
Several other equities research analysts have also recently weighed in on TRIP. Oppenheimer reissued a hold rating on shares of TripAdvisor in a research report on Thursday, January 25th. ValuEngine cut shares of TripAdvisor from a hold rating to a sell rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of TripAdvisor from a buy rating to a hold rating in a research report on Friday, February 2nd. Wells Fargo reissued a hold rating on shares of TripAdvisor in a research report on Wednesday, February 14th. Finally, Piper Jaffray reissued a neutral rating and set a $47.00 price target on shares of TripAdvisor in a research report on Thursday, February 15th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $40.79.
Shares of TripAdvisor opened at $48.71 on Monday, MarketBeat.com reports. TripAdvisor has a 52-week low of $48.01 and a 52-week high of $49.59. The firm has a market capitalization of $6.76 billion, a PE ratio of 101.48, a price-to-earnings-growth ratio of 4.68 and a beta of 1.84.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, May 8th. The travel company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.14. The business had revenue of $378.00 million during the quarter, compared to analysts’ expectations of $361.02 million. TripAdvisor had a negative net margin of 1.73% and a positive return on equity of 4.92%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. analysts forecast that TripAdvisor will post 0.75 earnings per share for the current fiscal year.
TripAdvisor declared that its Board of Directors has approved a stock buyback program on Wednesday, February 14th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the travel company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.
In other TripAdvisor news, insider Dermot Halpin sold 26,313 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total value of $1,118,039.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.09% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV increased its stake in shares of TripAdvisor by 17,655.6% in 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 in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of TripAdvisor in the 4th quarter worth about $104,000. NuWave Investment Management LLC bought a new position in shares of TripAdvisor in the 4th quarter worth about $116,000. Robeco Institutional Asset Management B.V. increased its stake in shares of TripAdvisor by 87.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 3,881 shares of the travel company’s stock worth $159,000 after acquiring an additional 1,814 shares in the last quarter. Finally, Rampart Investment Management Company LLC increased its stake in shares of TripAdvisor by 204.8% in the 1st quarter. Rampart Investment Management Company LLC now owns 4,246 shares of the travel company’s stock worth $174,000 after acquiring an additional 2,853 shares in the last quarter. Institutional investors own 88.39% of the company’s stock.
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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