Tripadvisor (NASDAQ:TRIP) had its price target increased by DA Davidson to $62.00 in a report published on Friday, The Fly reports. DA Davidson currently has a neutral rating on the travel company’s stock. The analysts noted that the move was a valuation call.
A number of other brokerages have also commented on TRIP. Bank of America raised their price target on Tripadvisor from $38.00 to $43.00 and gave the stock an underperform rating in a research note on Thursday. SunTrust Banks raised their price target on Tripadvisor to $66.00 and gave the stock a hold rating in a research note on Friday. Wedbush reaffirmed a neutral rating and issued a $66.00 price target on shares of Tripadvisor in a research note on Friday. UBS Group lowered Tripadvisor from a neutral rating to a sell rating and raised their price target for the stock from $47.00 to $50.00 in a research note on Friday. Finally, BidaskClub raised Tripadvisor from a buy rating to a strong-buy rating in a research note on Friday, July 20th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Tripadvisor currently has an average rating of Hold and a consensus target price of $53.17.
TRIP stock traded down $3.63 on Friday, reaching $63.30. The company’s stock had a trading volume of 6,089,154 shares, compared to its average volume of 2,164,885. Tripadvisor has a 12-month low of $29.50 and a 12-month 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 quarterly earnings results on Wednesday, November 7th. The travel company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.24. Tripadvisor had a return on equity of 7.56% and a net margin of 1.38%. The company had revenue of $458.00 million during the quarter, compared to analyst estimates of $469.09 million. During the same quarter last year, the firm posted $0.36 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. As a group, research analysts predict that Tripadvisor will post 0.83 EPS for the current year.
In other Tripadvisor news, insider Noel Bertram Watson sold 726 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $53.71, for a total transaction of $38,993.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Norinchukin Bank The raised its position in shares of Tripadvisor by 8.4% in the 3rd 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 last quarter. Tower Research Capital LLC TRC raised its position in shares of Tripadvisor by 72.5% in the 2nd 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 last quarter. CIBC Private Wealth Group LLC raised its position in shares of Tripadvisor by 2.0% in the 2nd 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 last quarter. Global X Management Co LLC raised its position in shares of Tripadvisor by 30.5% in the 2nd 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 last quarter. Finally, River & Mercantile Asset Management LLP raised its position in shares of Tripadvisor by 1.5% in the 2nd 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 last quarter. 89.58% of the stock is owned by institutional investors and hedge funds.
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: Should I invest in “strong buy” stocks?
Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.