SunTrust Banks Reaffirms Hold Rating for Tripadvisor (TRIP)

SunTrust Banks reiterated their hold rating on shares of Tripadvisor (NASDAQ:TRIP) in a research report report published on Monday, AnalystRatings.com reports.

“We expect TRIP to report fairly inline results on Tue. 5/7 AMC, likely showing declining Y/Y growth in the Hotels segment and strength in non-Hotels (driven by robust growth in Attractions and Restaurants). We believe that last year’s cuts to ad-spend will continue to benefit margins in 1Q and also allow the company to reiterate its outlook for healthy double-digit EBITDA growth. The read-throughs from TRVG and EXPE are positive for TRIP’s 2019 outlook, in our view. We maint. a HOLD/$62 PT.”,” SunTrust Banks’ analyst wrote.

Several other analysts have also recently weighed in on TRIP. BidaskClub raised shares of Tripadvisor from a hold rating to a buy rating in a report on Tuesday, January 29th. Piper Jaffray Companies raised their price objective on shares of Tripadvisor to $58.00 and gave the stock a neutral rating in a report on Wednesday, February 13th. Zacks Investment Research cut shares of Tripadvisor from a buy rating to a hold rating in a report on Monday, February 18th. ValuEngine cut shares of Tripadvisor from a buy rating to a hold rating in a report on Friday, March 1st. Finally, Cowen cut shares of Tripadvisor from a market perform rating to an underperform rating and cut their price objective for the stock from $50.00 to $40.00 in a report on Wednesday, March 6th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. Tripadvisor has a consensus rating of Hold and a consensus price target of $58.27.

Shares of NASDAQ:TRIP opened at $56.33 on Monday. The company has a market capitalization of $7.77 billion, a P/E ratio of 53.65, a PEG ratio of 3.48 and a beta of 1.29. Tripadvisor has a fifty-two week low of $38.27 and a fifty-two week high of $69.00.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Tuesday, February 12th. The travel company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.12. The firm had revenue of $346.00 million for the quarter, compared to analysts’ expectations of $342.90 million. Tripadvisor had a net margin of 7.00% and a return on equity of 9.27%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. Equities analysts forecast that Tripadvisor will post 1.27 EPS for the current year.

In other news, insider Noel Bertram Watson sold 3,369 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $55.00, for a total transaction of $185,295.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Seth J. Kalvert sold 11,016 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $51.93, for a total transaction of $572,060.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,114 shares of company stock worth $3,384,884. Insiders own 3.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Oakworth Capital Inc. purchased a new position in shares of Tripadvisor during the fourth quarter worth approximately $32,000. Rational Advisors LLC grew its position in shares of Tripadvisor by 870.8% during the fourth quarter. Rational Advisors LLC now owns 631 shares of the travel company’s stock worth $34,000 after acquiring an additional 566 shares during the last quarter. Taylor Hoffman Wealth Management purchased a new position in shares of Tripadvisor during the fourth quarter worth approximately $54,000. Captrust Financial Advisors grew its position in Tripadvisor by 47.5% in the 4th quarter. Captrust Financial Advisors now owns 1,084 shares of the travel company’s stock valued at $58,000 after buying an additional 349 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in Tripadvisor by 19.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,130 shares of the travel company’s stock valued at $61,000 after buying an additional 186 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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