Tripadvisor (TRIP) Cut to Sell at UBS Group

UBS Group cut shares of Tripadvisor (NASDAQ:TRIP) from a neutral rating to a sell rating in a research report report published on Friday, 99wallstreet.com reports. The firm currently has $50.00 price target on the travel company’s stock, up from their prior price target of $47.00.

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Tripadvisor from a buy rating to a hold rating in a report on Saturday, August 25th. ValuEngine lowered shares of Tripadvisor from a strong-buy rating to a buy rating in a report on Thursday, August 2nd. Wedbush set a $48.00 price objective on shares of Tripadvisor and gave the company a hold rating in a report on Sunday, August 5th. Zacks Investment Research upgraded shares of Tripadvisor from a sell rating to a hold rating in a report on Thursday, October 25th. Finally, Wells Fargo & Co restated a hold rating and issued a $48.00 price objective on shares of Tripadvisor in a report on Thursday, August 2nd. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $53.17.

Shares of TRIP stock traded down $3.63 during trading hours on Friday, reaching $63.30. 6,089,154 shares of the company were exchanged, compared to its average volume of 2,164,885. Tripadvisor has a fifty-two week low of $29.50 and a fifty-two week high of $69.00. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 131.88, a PEG ratio of 4.57 and a beta of 1.48.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, November 7th. The travel company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.24. Tripadvisor had a net margin of 1.38% and a return on equity of 7.56%. The company had revenue of $458.00 million for the quarter, compared to analyst estimates of $469.09 million. During the same period in the prior year, the business earned $0.36 earnings per share. Tripadvisor’s quarterly revenue was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Tripadvisor will post 0.83 earnings per share for the current year.

In other Tripadvisor news, insider Noel Bertram Watson sold 726 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $53.71, for a total value of $38,993.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of TRIP. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in Tripadvisor by 3,977.0% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,107,553 shares of the travel company’s stock valued at $107,632,000 after purchasing an additional 2,055,859 shares in the last quarter. Jackson Square Partners LLC increased its stake in Tripadvisor by 17.8% in the third quarter. Jackson Square Partners LLC now owns 10,987,460 shares of the travel company’s stock valued at $561,129,000 after purchasing an additional 1,660,405 shares in the last quarter. Select Equity Group L.P. bought a new stake in Tripadvisor in the second quarter valued at approximately $55,356,000. Smith Asset Management Group LP bought a new stake in Tripadvisor in the second quarter valued at approximately $30,275,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Tripadvisor during the second quarter worth $29,050,000. 89.58% of the stock is owned by hedge funds and other institutional investors.

Tripadvisor Company Profile

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.

Further Reading: Google Finance Portfolio Workaround

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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