TripAdvisor, Inc. (TRIP) Raised to “Hold” at Zacks Investment Research
TripAdvisor, Inc. (NASDAQ:TRIP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
According to Zacks, “TripAdvisor is one of the largest online travel research companies in the world. The company's first quarter earnings and revenue missed the Zacks Consensus Estimate. Also, over the last one year, the stock has underperformed the Zacks characterised Electronic Commerce Industry. 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.”
Other research analysts have also recently issued research reports about the company. UBS AG restated a “neutral” rating and issued a $45.00 price target (down previously from $48.00) on shares of TripAdvisor in a research report on Friday, April 14th. Wells Fargo & Company restated a “hold” rating on shares of TripAdvisor in a research report on Thursday. Stifel Nicolaus raised their price target on TripAdvisor from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, May 11th. Vetr cut TripAdvisor from a “hold” rating to a “sell” rating and set a $41.00 price target on the stock. in a research report on Monday, April 24th. Finally, Cowen and Company restated a “sell” rating and issued a $40.00 price target on shares of TripAdvisor in a research report on Friday, July 14th. Seven analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has issued a buy rating to the company’s stock. TripAdvisor has an average rating of “Hold” and a consensus target price of $48.17.
Shares of TripAdvisor (NASDAQ TRIP) traded down 2.20% during midday trading on Thursday, hitting $38.20. 1,915,081 shares of the stock traded hands. The stock has a 50 day moving average of $37.52 and a 200 day moving average of $43.41. TripAdvisor has a 1-year low of $35.34 and a 1-year high of $71.69. The company has a market capitalization of $5.39 billion, a P/E ratio of 53.73 and a beta of 2.35.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results 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 return on equity of 8.87% and a net margin of 6.87%. The company had revenue of $372 million during the quarter, compared to the consensus estimate of $376.67 million. During the same quarter in the previous year, the business posted $0.33 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts predict that TripAdvisor will post $1.14 earnings per share for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. purchased a new stake in shares of TripAdvisor during the first quarter worth approximately $113,000. Mn Services Vermogensbeheer B.V. raised its stake in shares of TripAdvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock worth $130,000 after buying an additional 201 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of 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 worth $171,000 after buying an additional 160 shares during the last quarter. Sphera Funds Management LTD. purchased a new stake in shares of TripAdvisor during the first quarter worth approximately $173,000. Finally, Nordea Investment Management AB raised its stake in shares of TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock worth $198,000 after buying an additional 157 shares during the last quarter. 89.59% of the stock is currently owned by hedge funds and other institutional investors.
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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