TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “sell” rating reaffirmed by equities research analysts at Cowen and Company in a report issued on Friday, July 14th. They currently have a $40.00 target price on the travel company’s stock. Cowen and Company’s price target indicates a potential upside of 1.24% from the stock’s current price.
A number of other research analysts have also issued reports on the company. Zacks Investment Research lowered TripAdvisor from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Credit Suisse Group lowered TripAdvisor from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $40.00 to $34.00 in a report on Monday, June 19th. ValuEngine lowered TripAdvisor from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Bank of America Corporation reaffirmed an “underperform” rating and set a $35.00 price target on shares of TripAdvisor in a report on Sunday, May 28th. Finally, Macquarie downgraded TripAdvisor from a “neutral” rating to an “underperform” rating in a report on Friday, May 26th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.17.
TripAdvisor (TRIP) opened at 39.51 on Friday. The stock has a market capitalization of $5.58 billion, a P/E ratio of 55.57 and a beta of 2.36. TripAdvisor has a one year low of $35.34 and a one year high of $70.37. The company has a 50 day moving average of $37.65 and a 200-day moving average of $42.97.
TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Tuesday, May 9th. The travel company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.01. TripAdvisor had a return on equity of 8.87% and a net margin of 6.87%. The business had revenue of $372 million for the quarter, compared to analyst estimates of $376.67 million. During the same period last year, the business earned $0.33 EPS. TripAdvisor’s revenue was up 5.7% compared to the same quarter last year. Equities research analysts predict that TripAdvisor will post $1.14 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Investors Inc. PA increased 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 valued at $342,000 after buying an additional 4,564 shares during the period. Janus Capital Management LLC increased its stake in 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 last quarter. Norges Bank purchased a new stake in TripAdvisor during the fourth quarter worth approximately $18,194,000. Quadrature Capital Ltd purchased a new stake in TripAdvisor during the fourth quarter worth approximately $1,098,000. Finally, Teachers Advisors LLC increased its stake in 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 last quarter. Institutional investors own 89.37% of the company’s stock.
TripAdvisor Company Profile
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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