ValuEngine upgraded shares of Tripadvisor (NASDAQ:TRIP) from a buy rating to a strong-buy rating in a report published on Tuesday morning.
A number of other research firms have also recently weighed in on TRIP. BidaskClub upgraded Tripadvisor from a buy rating to a strong-buy rating in a report on Friday, July 20th. Deutsche Bank upped their price target on Tripadvisor from $50.00 to $53.00 and gave the stock a hold rating in a report on Tuesday, July 31st. DA Davidson upped their price target on Tripadvisor to $54.00 and gave the stock a neutral rating in a report on Tuesday, July 10th. Barclays raised Tripadvisor from an equal weight rating to an overweight rating and upped their target price for the company from $49.00 to $70.00 in a research note on Wednesday, July 11th. Finally, Zacks Investment Research lowered Tripadvisor from a strong-buy rating to a hold rating in a research note on Tuesday, August 7th. Four investment 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 stock currently has a consensus rating of Hold and an average target price of $53.17.
Shares of TRIP traded down $3.63 on Tuesday, reaching $63.30. The stock had a trading volume of 6,089,154 shares, compared to its average volume of 2,164,885. The stock has a market cap of $7.99 billion, a P/E ratio of 131.88, a P/E/G ratio of 4.57 and a beta of 1.48. Tripadvisor has a twelve month low of $29.50 and a twelve month 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 business had revenue of $458.00 million for 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%. The company’s 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 expect that Tripadvisor will post 0.83 earnings per share for the current fiscal year.
In related 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 SEC, which is accessible through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Zurich Insurance Group Ltd FI purchased a new position in shares of Tripadvisor during the 2nd quarter worth $2,249,000. Stelliam Investment Management LP lifted its stake in shares of Tripadvisor by 9.4% during the 2nd quarter. Stelliam Investment Management LP now owns 495,000 shares of the travel company’s stock worth $27,576,000 after purchasing an additional 42,500 shares during the period. Nomura Holdings Inc. lifted its stake in shares of Tripadvisor by 186.9% during the 2nd quarter. Nomura Holdings Inc. now owns 250,548 shares of the travel company’s stock worth $13,958,000 after purchasing an additional 163,209 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Tripadvisor by 72.5% during 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 period. Finally, Flinton Capital Management LLC lifted its stake in shares of Tripadvisor by 31.3% during the 2nd quarter. Flinton Capital Management LLC now owns 9,520 shares of the travel company’s stock worth $531,000 after purchasing an additional 2,272 shares during the period. 89.58% of the stock is currently owned by 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.
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