Barclays PLC Trims TripAdvisor, Inc. (NASDAQ:TRIP) Target Price to $48.00
TripAdvisor, Inc. (NASDAQ:TRIP) had its target price lowered by analysts at Barclays PLC from $52.00 to $48.00 in a research note issued on Monday. The brokerage presently has an “equal weight” rating on the travel company’s stock. Barclays PLC’s price target points to a potential upside of 21.49% from the stock’s current price.
Several other analysts have also weighed in on TRIP. UBS AG reissued a “neutral” rating and set a $45.00 price objective (down previously from $48.00) on shares of TripAdvisor in a report on Friday, April 14th. Vetr lowered TripAdvisor from a “buy” rating to a “hold” rating and set a $42.29 price objective on the stock. in a report on Monday, April 17th. Zacks Investment Research raised TripAdvisor from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th. Jefferies Group LLC reissued a “hold” rating and set a $54.00 price objective on shares of TripAdvisor in a report on Monday, April 24th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $48.00 price objective on shares of TripAdvisor in a report on Monday, May 8th. Eight analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $47.67.
TripAdvisor (TRIP) traded up 0.28% during midday trading on Monday, hitting $39.62. The company had a trading volume of 2,044,090 shares. The company has a market cap of $5.60 billion, a P/E ratio of 55.72 and a beta of 2.36. TripAdvisor has a one year low of $35.34 and a one year high of $70.37. The company’s 50 day moving average is $37.65 and its 200-day moving average is $42.97.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, May 9th. The travel company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $372 million for the quarter, compared to analyst estimates of $376.67 million. During the same period in the previous year, the business posted $0.33 EPS. TripAdvisor’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts predict that TripAdvisor will post $1.14 EPS for the current year.
A number of institutional investors have recently modified their holdings of TRIP. Profund Advisors LLC increased its stake in TripAdvisor by 11.9% in the first quarter. Profund Advisors LLC now owns 42,933 shares of the travel company’s stock worth $1,853,000 after buying an additional 4,555 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in TripAdvisor by 130.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 8,539 shares of the travel company’s stock worth $385,000 after buying an additional 4,827 shares during the last quarter. Bank of Nova Scotia purchased a new stake in TripAdvisor during the first quarter worth $1,612,000. Soros Fund Management LLC increased its stake in TripAdvisor by 1,269.2% in the first quarter. Soros Fund Management LLC now owns 249,280 shares of the travel company’s stock worth $10,759,000 after buying an additional 231,074 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in TripAdvisor by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 34,810 shares of the travel company’s stock worth $1,502,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 89.06% of the company’s stock.
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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