BidaskClub Lowers TripAdvisor, Inc. (TRIP) to Strong Sell
TripAdvisor, Inc. (NASDAQ:TRIP) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday.
A number of other analysts have also recently issued reports on the stock. Hilliard Lyons upgraded shares of TripAdvisor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $45.00 to $65.00 in a research note on Friday, May 12th. Zacks Investment Research upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Deutsche Bank AG reduced their target price on shares of TripAdvisor from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, May 11th. Stifel Nicolaus lifted their target price on shares of TripAdvisor from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, May 11th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $54.00 target price on shares of TripAdvisor in a research note on Wednesday, May 10th. Eight equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.17.
Shares of TripAdvisor (TRIP) traded down 1.36% during trading on Thursday, hitting $38.53. 2,970,340 shares of the stock were exchanged. The stock’s 50 day moving average is $37.52 and its 200-day moving average is $43.41. TripAdvisor has a 12-month low of $35.34 and a 12-month high of $71.69. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 54.19 and a beta of 2.35.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, May 9th. The travel company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. TripAdvisor had a net margin of 6.87% and a return on equity of 8.87%. The company had revenue of $372 million for the quarter, compared to analysts’ expectations of $376.67 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts anticipate that TripAdvisor will post $1.14 EPS for the current year.
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Institutional investors have recently made changes to their positions in the company. DnB Asset Management AS acquired a new stake in shares of TripAdvisor during the first quarter valued at about $15,645,000. CWM LLC raised its stake in shares of TripAdvisor by 35.1% in the first quarter. CWM LLC now owns 50,766 shares of the travel company’s stock valued at $2,191,000 after buying an additional 13,194 shares during the period. Bank of Montreal Can raised its stake in shares of TripAdvisor by 8.5% in the first quarter. Bank of Montreal Can now owns 41,468 shares of the travel company’s stock valued at $1,790,000 after buying an additional 3,237 shares during the period. DAVENPORT & Co LLC raised its stake in shares of TripAdvisor by 16.3% in the first quarter. DAVENPORT & Co LLC now owns 831,725 shares of the travel company’s stock valued at $37,375,000 after buying an additional 116,455 shares during the period. Finally, Gulf International Bank UK Ltd raised its stake in shares of 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 during the period. 89.59% of the stock is currently owned by institutional investors and hedge funds.
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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