TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “underperform” rating reaffirmed by analysts at Bank of America Corporation in a report issued on Wednesday. They presently have a $30.00 price objective on the travel company’s stock, down from their prior price objective of $35.00. Bank of America Corporation’s price objective would indicate a potential downside of 24.15% from the stock’s previous close.
Several other research analysts have also commented on the company. BidaskClub upgraded TripAdvisor from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Piper Jaffray Companies dropped their price target on TripAdvisor to $43.00 and set a “neutral” rating for the company in a research report on Wednesday. Zacks Investment Research lowered TripAdvisor from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Royal Bank Of Canada reiterated a “hold” rating and issued a $47.00 price target on shares of TripAdvisor in a research report on Monday. Finally, Barclays PLC dropped their price target on TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating for the company in a research report on Monday. Nine research analysts have rated the stock with a sell rating, fifteen have issued 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 target price of $45.94.
Shares of TripAdvisor (TRIP) traded up 2.895% on Wednesday, reaching $40.695. The company’s stock had a trading volume of 14,097,151 shares. The stock has a market cap of $5.75 billion, a P/E ratio of 57.236 and a beta of 2.36. The firm’s 50 day moving average is $37.64 and its 200-day moving average is $42.87. TripAdvisor has a 52-week low of $35.34 and a 52-week high of $66.13. TripAdvisor also saw unusually large options trading on Tuesday. Stock traders bought 12,124 put options on the stock. This represents an increase of approximately 753% compared to the average daily volume of 1,421 put options.
TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The company had revenue of $424 million during the quarter, compared to analysts’ expectations of $421.66 million. TripAdvisor had a return on equity of 8.87% and a net margin of 6.87%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 EPS. On average, equities research analysts forecast that TripAdvisor will post $1.14 EPS for the current year.
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Hedge funds have recently bought and sold shares of the stock. Profund Advisors LLC increased its stake in TripAdvisor by 11.9% in the first quarter. Profund Advisors LLC now owns 42,933 shares of the travel company’s stock valued at $1,853,000 after buying an additional 4,555 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in TripAdvisor by 130.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 8,539 shares of the travel company’s stock valued at $385,000 after buying an additional 4,827 shares in the last quarter. Bank of Nova Scotia bought a new stake in TripAdvisor during the first quarter valued at $1,612,000. Soros Fund Management LLC increased its stake in TripAdvisor by 1,269.2% in the first quarter. Soros Fund Management LLC now owns 249,280 shares of the travel company’s stock valued at $10,759,000 after buying an additional 231,074 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in TripAdvisor by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 34,810 shares of the travel company’s stock valued at $1,502,000 after buying an additional 300 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.
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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