Analysts at SunTrust Banks, Inc. started coverage on shares of TripAdvisor, Inc. (NASDAQ:TRIP) in a research report issued on Tuesday, The Fly reports. The firm set a “hold” rating on the travel company’s stock.

Several other research analysts also recently commented on the stock. Cowen and Company reiterated a “market perform” rating and issued a $42.00 target price (up previously from $40.00) on shares of TripAdvisor in a report on Friday. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $32.00 target price (down previously from $40.00) on shares of TripAdvisor in a report on Thursday, August 10th. UBS AG restated a “neutral” rating and set a $43.00 price objective (down previously from $50.00) on shares of TripAdvisor in a report on Thursday, August 10th. Stifel Nicolaus restated a “hold” rating and set a $40.00 price objective (down previously from $45.00) on shares of TripAdvisor in a report on Thursday, August 10th. Finally, Barclays PLC restated a “hold” rating and set a $47.00 price objective on shares of TripAdvisor in a report on Wednesday, August 9th. Nine equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $44.82.

TripAdvisor (NASDAQ:TRIP) traded down 1.98% during trading on Tuesday, reaching $40.66. 3,074,883 shares of the company’s stock were exchanged. The company has a market capitalization of $5.64 billion, a PE ratio of 61.51 and a beta of 2.36. The company’s 50-day moving average is $38.45 and its 200-day moving average is $42.14. TripAdvisor has a 1-year low of $35.34 and a 1-year high of $66.13.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.30 by $0.05. The firm had revenue of $424 million during the quarter, compared to the consensus estimate of $421.66 million. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS. Equities research analysts expect that TripAdvisor will post $1.15 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRIP. 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. Institutional investors own 90.70% of the company’s stock.

About TripAdvisor

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.

The Fly

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

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