TripAdvisor, Inc. (TRIP) Given Consensus Rating of “Hold” by Analysts
Shares of TripAdvisor, Inc. (NASDAQ:TRIP) have been given an average rating of “Hold” by the twenty-five research firms that are presently covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $46.20.
TRIP has been the subject of a number of analyst reports. UBS AG reissued a “neutral” rating and issued a $45.00 price target (down 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 target price for the company. in a research note on Monday, April 17th. Zacks Investment Research upgraded TripAdvisor from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $54.00 target price on shares of TripAdvisor in a research note on Monday, April 24th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $48.00 target price on shares of TripAdvisor in a research note on Monday, May 8th.
Shares of TripAdvisor (NASDAQ TRIP) traded down 0.03% during mid-day trading on Tuesday, reaching $39.55. The company’s stock had a trading volume of 5,027,413 shares. The company’s 50-day moving average is $37.65 and its 200 day moving average is $42.97. TripAdvisor has a 1-year low of $35.34 and a 1-year high of $70.37. The firm has a market capitalization of $5.59 billion, a P/E ratio of 55.63 and a beta of 2.36.
TripAdvisor (NASDAQ:TRIP) last released 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 8.87% and a net margin of 6.87%. The company had revenue of $372 million during the quarter, compared to analyst estimates of $376.67 million. During the same period last year, the firm earned $0.33 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. On average, analysts expect that TripAdvisor will post $1.14 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of TripAdvisor during the first quarter valued at $113,000. Mn Services Vermogensbeheer B.V. increased 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 valued at $130,000 after buying an additional 201 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased 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 valued at $171,000 after buying an additional 160 shares during the last quarter. Sphera Funds Management LTD. bought a new stake in shares of TripAdvisor during the first quarter valued at $173,000. Finally, Nordea Investment Management AB increased 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 valued at $198,000 after buying an additional 157 shares during the last quarter. 89.06% of the stock is owned by institutional investors.
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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