Tripadvisor Inc (NASDAQ:TRIP) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday. They currently have a $46.78 target price on the travel company’s stock. Vetr‘s price objective suggests a potential upside of 8.11% from the company’s current price.

TRIP has been the subject of several other research reports. Miller Tabak initiated coverage on Tripadvisor in a research note on Wednesday, January 18th. They issued a “hold” rating for the company. Stifel Nicolaus restated a “hold” rating and issued a $47.00 price target on shares of Tripadvisor in a research note on Sunday, February 19th. Credit Suisse Group AG set a $51.00 price target on Tripadvisor and gave the stock a “hold” rating in a research note on Monday, February 6th. Deutsche Bank AG boosted their price target on Tripadvisor from $37.00 to $49.00 and gave the stock a “hold” rating in a research note on Monday, February 27th. Finally, Zacks Investment Research cut Tripadvisor from a “hold” rating to a “sell” rating in a research note on Tuesday, February 7th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the stock. Tripadvisor has an average rating of “Hold” and an average target price of $50.81.

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

Shares of Tripadvisor (NASDAQ:TRIP) traded up 0.46% on Monday, reaching $43.27. The company’s stock had a trading volume of 2,213,001 shares. The company’s 50-day moving average is $46.85 and its 200 day moving average is $53.63. Tripadvisor has a 12-month low of $40.45 and a 12-month high of $71.69. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 52.77 and a beta of 2.02.

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Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, February 15th. The travel company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.15. Tripadvisor had a return on equity of 12.67% and a net margin of 8.08%. The business earned $316 million during the quarter, compared to analysts’ expectations of $327.29 million. Equities analysts anticipate that Tripadvisor will post $1.23 earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Tripadvisor by 40.2% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 688,183 shares of the travel company’s stock worth $43,480,000 after buying an additional 197,190 shares during the period. Rhumbline Advisers boosted its stake in Tripadvisor by 6.1% in the third quarter. Rhumbline Advisers now owns 194,517 shares of the travel company’s stock worth $12,290,000 after buying an additional 11,109 shares during the period. Suntrust Banks Inc. purchased a new stake in Tripadvisor during the third quarter worth approximately $3,054,000. Morgan Stanley boosted its stake in Tripadvisor by 71.2% in the third quarter. Morgan Stanley now owns 2,163,439 shares of the travel company’s stock worth $136,687,000 after buying an additional 899,742 shares during the period. Finally, KBC Group NV boosted its stake in Tripadvisor by 19.7% in the third quarter. KBC Group NV now owns 103,736 shares of the travel company’s stock worth $6,554,000 after buying an additional 17,070 shares during the period. Institutional investors own 86.78% of the company’s stock.

Tripadvisor Company Profile

TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.

5 Day Chart for NASDAQ:TRIP

To view Vetr’s full report, visit Vetr’s official website.

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