Tripadvisor Inc (TRIP) Downgraded to “Underperform” at Macquarie
Tripadvisor Inc (NASDAQ:TRIP) was downgraded by equities researchers at Macquarie from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday.
Other equities research analysts have also issued research reports about the company. Vetr lowered Tripadvisor from a “strong-buy” rating to a “buy” rating and set a $46.78 target price on the stock. in a research report on Monday, March 13th. Hilliard Lyons upgraded Tripadvisor from a “neutral” rating to a “buy” rating and upped their target price for the company from $45.00 to $65.00 in a research report on Friday, May 12th. Evercore ISI reiterated a “hold” rating and issued a $52.00 target price on shares of Tripadvisor in a research report on Monday, February 13th. Credit Suisse Group AG set a $51.00 target price on Tripadvisor and gave the company a “hold” rating in a research report on Monday, February 6th. Finally, Jefferies Group LLC dropped their target price on Tripadvisor from $59.00 to $54.00 and set a “hold” rating on the stock in a research report on Friday, February 17th. Six investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $49.35.
Shares of Tripadvisor (NASDAQ:TRIP) traded down 2.18% during trading on Friday, hitting $38.95. 3,615,967 shares of the stock traded hands. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 54.78 and a beta of 2.02. Tripadvisor has a 52-week low of $38.32 and a 52-week high of $71.69. The stock has a 50 day moving average of $43.86 and a 200 day moving average of $46.98.
Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, May 9th. The travel company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. Tripadvisor had a return on equity of 12.67% and a net margin of 8.08%. The business had revenue of $372 million for the quarter, compared to analysts’ expectations of $376.67 million. During the same quarter in the previous year, the firm posted $0.33 EPS. Tripadvisor’s revenue was up 5.7% on a year-over-year basis. Analysts expect that Tripadvisor will post $1.17 EPS for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in Tripadvisor during the first quarter valued at $113,000. Mn Services Vermogensbeheer B.V. boosted its position in Tripadvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock valued at $130,000 after buying an additional 201 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Tripadvisor by 4.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,967 shares of the travel company’s stock valued at $171,000 after buying an additional 160 shares during the period. Sphera Funds Management LTD. bought a new position in Tripadvisor during the first quarter valued at $173,000. Finally, Nordea Investment Management AB boosted its position in Tripadvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after buying an additional 157 shares during the period. Hedge funds and other institutional investors own 86.78% 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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