TripAdvisor, Inc. (NASDAQ:TRIP) was upgraded by equities researchers at Cowen and Company from an “underperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
Several other research analysts also recently weighed in on TRIP. UBS AG reiterated a “neutral” rating and set a $45.00 price target (down previously from $48.00) on shares of TripAdvisor in a research note on Friday, April 14th. Jefferies Group LLC restated a “hold” rating and issued a $54.00 target price on shares of TripAdvisor in a research note on Monday, April 24th. Zacks Investment Research upgraded TripAdvisor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Cantor Fitzgerald restated a “hold” rating and issued a $54.00 target price on shares of TripAdvisor in a research note on Wednesday, May 10th. Finally, Credit Suisse Group set a $45.00 target price on TripAdvisor and gave the stock a “hold” rating in a research note on Tuesday, May 9th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $48.44.
Shares of TripAdvisor (NASDAQ:TRIP) opened at 38.28 on Wednesday. TripAdvisor has a 12-month low of $35.34 and a 12-month high of $71.69. The firm has a market cap of $5.41 billion, a P/E ratio of 53.84 and a beta of 2.35. The stock’s 50 day moving average price is $37.63 and its 200-day moving average price is $43.80.
TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, May 9th. The travel company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.01. The firm had revenue of $372 million for the quarter, compared to the consensus estimate of $376.67 million. TripAdvisor had a return on equity of 8.87% and a net margin of 6.87%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. On average, analysts predict that TripAdvisor will post $1.15 earnings per share for the current fiscal year.
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Institutional investors have recently made changes to their positions in the company. Federated Investors Inc. PA boosted its position in shares of TripAdvisor by 162.0% in the fourth quarter. Federated Investors Inc. PA now owns 7,381 shares of the travel company’s stock worth $342,000 after buying an additional 4,564 shares during the period. Janus Capital Management LLC boosted its position in shares of TripAdvisor by 10.7% in the fourth quarter. Janus Capital Management LLC now owns 12,514 shares of the travel company’s stock worth $580,000 after buying an additional 1,214 shares during the period. Norges Bank bought a new position in shares of TripAdvisor during the fourth quarter worth approximately $18,194,000. Quadrature Capital Ltd bought a new position in shares of TripAdvisor during the fourth quarter worth approximately $1,098,000. Finally, Teachers Advisors LLC boosted its position in shares of TripAdvisor by 5.5% in the fourth quarter. Teachers Advisors LLC now owns 125,474 shares of the travel company’s stock worth $5,818,000 after buying an additional 6,500 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.
About TripAdvisor
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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