Zacks Investment Research upgraded shares of TripAdvisor, Inc. (NASDAQ:TRIP) from a sell rating to a hold rating in a research note issued to investors on Friday.
According to Zacks, “TripAdvisor is one of the largest online travel research companies in the world. The company's third-quarter results were driven by growth in its Display-based and Non-Hotel segment revenues. However, increasing investments continue to be a concern. On a year-to-date basis, the stock has underperformed the Industry to which it belongs to. However, the secular growth trend in the online travel space, the company’s solid fundamentals, growth initiatives, partnerships to boost hotel bookings, strong focus on developing its mobile products, expansion into the international restaurant reservation space and improvement in user growth and engagement, especially related to mobile devices are likely to help the company to achieve desired results. Macro headwinds, increasing competition and uncertainty regarding the timeline for recovery of investments remain overhangs.”
TRIP has been the topic of several other research reports. ValuEngine raised TripAdvisor from a sell rating to a hold rating in a report on Wednesday, September 6th. Deutsche Bank AG lowered their target price on TripAdvisor from $40.00 to $37.00 and set a hold rating on the stock in a report on Tuesday, October 24th. BidaskClub lowered TripAdvisor from a sell rating to a strong sell rating in a report on Thursday, July 27th. SunTrust Banks, Inc. reissued a hold rating and issued a $44.00 target price on shares of TripAdvisor in a report on Thursday, October 12th. Finally, Jefferies Group LLC reissued a sell rating and issued a $27.00 target price on shares of TripAdvisor in a report on Friday, November 10th. Eight investment analysts have rated the stock with a sell rating and twenty have issued a hold rating to the stock. TripAdvisor currently has an average rating of Hold and a consensus price target of $40.05.
TripAdvisor (NASDAQ:TRIP) traded up $0.26 during trading on Friday, reaching $30.59. The company’s stock had a trading volume of 3,123,368 shares, compared to its average volume of 3,107,190. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47. The firm has a market capitalization of $4,210.00, a price-to-earnings ratio of 43.56, a price-to-earnings-growth ratio of 2.23 and a beta of 2.33. TripAdvisor has a 12 month low of $29.50 and a 12 month high of $53.58.
TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. TripAdvisor had a return on equity of 6.81% and a net margin of 4.26%. TripAdvisor’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. equities research analysts anticipate that TripAdvisor will post 0.68 earnings per share for the current fiscal year.
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Large investors have recently made changes to their positions in the business. FNY Managed Accounts LLC acquired a new stake in TripAdvisor during the third quarter worth about $101,000. KCG Holdings Inc. acquired a new stake in TripAdvisor during the first quarter worth about $205,000. D.A. Davidson & CO. increased its stake in TripAdvisor by 957.0% during the third quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock worth $229,000 after acquiring an additional 5,120 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in TripAdvisor during the second quarter worth about $242,000. Finally, Cutter & CO Brokerage Inc. increased its stake in TripAdvisor by 0.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock worth $249,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 87.38% 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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