Tripadvisor (TRIP) Stock Price Down 5.4%

Tripadvisor Inc (NASDAQ:TRIP)’s share price fell 5.4% during trading on Friday . The stock traded as low as $62.79 and last traded at $63.30. 6,091,055 shares changed hands during trading, an increase of 135% from the average session volume of 2,592,703 shares. The stock had previously closed at $66.93.

Several brokerages have recently commented on TRIP. SunTrust Banks upped their price objective on shares of Tripadvisor to $66.00 and gave the company a “hold” rating in a research note on Friday. Wells Fargo & Co set a $65.00 price objective on shares of Tripadvisor and gave the company a “hold” rating in a research note on Friday. Wedbush reaffirmed a “neutral” rating and set a $66.00 price objective on shares of Tripadvisor in a research note on Friday. DA Davidson upped their price objective on shares of Tripadvisor to $62.00 and gave the company a “neutral” rating in a research note on Friday. They noted that the move was a valuation call. Finally, Credit Suisse Group upped their price objective on shares of Tripadvisor from $51.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $53.17.

The stock has a market cap of $7.84 billion, a PE ratio of 131.88, a PEG ratio of 4.48 and a beta of 1.48.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, November 7th. The travel company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.24. Tripadvisor had a negative net margin of 1.40% and a positive return on equity of 4.36%. The company had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $469.09 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. Tripadvisor’s quarterly revenue was up 4.3% on a year-over-year basis. On average, research analysts forecast that Tripadvisor Inc will post 0.83 earnings per share for the current year.

In related news, insider Noel Bertram Watson sold 726 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $53.71, for a total transaction of $38,993.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.10% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norinchukin Bank The grew its holdings in Tripadvisor by 8.4% in the third quarter. Norinchukin Bank The now owns 13,156 shares of the travel company’s stock worth $672,000 after purchasing an additional 1,016 shares during the period. Tower Research Capital LLC TRC grew its holdings in Tripadvisor by 72.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock worth $152,000 after purchasing an additional 1,147 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Tripadvisor by 2.0% in the second quarter. CIBC Private Wealth Group LLC now owns 65,118 shares of the travel company’s stock worth $3,628,000 after purchasing an additional 1,289 shares during the period. Global X Management Co LLC grew its holdings in Tripadvisor by 30.5% in the second quarter. Global X Management Co LLC now owns 6,233 shares of the travel company’s stock worth $347,000 after purchasing an additional 1,458 shares during the period. Finally, River & Mercantile Asset Management LLP grew its holdings in Tripadvisor by 1.5% in the second quarter. River & Mercantile Asset Management LLP now owns 105,413 shares of the travel company’s stock worth $5,874,000 after purchasing an additional 1,513 shares during the period. Institutional investors and hedge funds own 89.58% of the company’s stock.

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Tripadvisor Company Profile (NASDAQ:TRIP)

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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