Tripadvisor (NASDAQ:TRIP) had its price target hoisted by Credit Suisse Group from $51.00 to $63.00 in a report published on Friday, The Fly reports. The brokerage currently has a neutral rating on the travel company’s stock.
Several other equities research analysts have also commented on TRIP. Bank of America boosted their price objective on Tripadvisor from $38.00 to $43.00 and gave the stock an underperform rating in a research note on Thursday. SunTrust Banks boosted their price objective on Tripadvisor to $66.00 and gave the stock a hold rating in a research note on Friday. Wedbush reiterated a neutral rating and set a $66.00 price objective on shares of Tripadvisor in a research note on Friday. DA Davidson boosted their price objective on Tripadvisor to $62.00 and gave the stock a neutral rating in a research note on Friday. They noted that the move was a valuation call. Finally, UBS Group lowered Tripadvisor from a neutral rating to a sell rating and boosted their price objective for the stock from $47.00 to $50.00 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 assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $53.17.
NASDAQ TRIP traded down $3.63 during trading hours 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. The stock 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 has a 1-year low of $29.50 and a 1-year high of $69.00.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 7th. The travel company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.24. The company had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $469.09 million. Tripadvisor had a return on equity of 7.56% and a net margin of 1.38%. Tripadvisor’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. As a group, equities analysts anticipate that Tripadvisor will post 0.83 EPS for the current fiscal year.
In other news, insider Noel Bertram Watson sold 726 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $53.71, for a total value of $38,993.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Zurich Insurance Group Ltd FI purchased a new position in Tripadvisor in the second quarter worth approximately $2,249,000. Stelliam Investment Management LP grew its position in Tripadvisor by 9.4% in the second quarter. Stelliam Investment Management LP now owns 495,000 shares of the travel company’s stock worth $27,576,000 after acquiring an additional 42,500 shares during the period. Nomura Holdings Inc. grew its position in Tripadvisor by 186.9% in the second quarter. Nomura Holdings Inc. now owns 250,548 shares of the travel company’s stock worth $13,958,000 after acquiring an additional 163,209 shares during the period. Tower Research Capital LLC TRC grew its position 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 acquiring an additional 1,147 shares during the period. Finally, Flinton Capital Management LLC grew its position in Tripadvisor by 31.3% in the second quarter. Flinton Capital Management LLC now owns 9,520 shares of the travel company’s stock worth $531,000 after acquiring an additional 2,272 shares during the period. Institutional investors and hedge funds own 89.58% 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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