TripAdvisor, Inc. (TRIP) Stock Rating Reaffirmed by Citigroup Inc.
TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “neutral” rating reissued by equities research analysts at Citigroup Inc. in a research report issued to clients and investors on Tuesday. They currently have a $41.00 price target on the travel company’s stock, up from their previous price target of $39.00. Citigroup Inc.’s price target would indicate a potential downside of 2.01% from the company’s previous close.
Several other research firms also recently issued reports on TRIP. ValuEngine upgraded TripAdvisor from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Cowen and Company reiterated a “hold” rating and issued a $42.00 price target on shares of TripAdvisor in a research report on Tuesday, September 12th. Jefferies Group LLC cut TripAdvisor from a “hold” rating to an “underperform” rating and reduced their price target for the company from $50.00 to $30.00 in a research report on Thursday, August 24th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of TripAdvisor in a research report on Tuesday, September 26th. Finally, SunTrust Banks, Inc. initiated coverage on TripAdvisor in a research note on Tuesday, August 15th. They set a “hold” rating and a $44.00 price objective on the stock. Nine analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the stock. TripAdvisor currently has an average rating of “Hold” and an average target price of $43.58.
Shares of TripAdvisor (TRIP) traded up 2.10% on Tuesday, hitting $41.84. The company had a trading volume of 2,447,933 shares. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 63.30 and a beta of 2.38. The company has a 50 day moving average price of $42.50 and a 200 day moving average price of $41.13. TripAdvisor has a 1-year low of $35.34 and a 1-year high of $66.13.
TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The business had revenue of $424.00 million during the quarter, compared to the consensus estimate of $421.66 million. During the same period last year, the business posted $0.38 earnings per share. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts forecast that TripAdvisor will post $1.14 earnings per share for the current fiscal year.
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In related news, insider Dermot Halpin sold 12,859 shares of TripAdvisor stock in a transaction on Friday, August 18th. The shares were sold at an average price of $39.09, for a total value of $502,658.31. Following the transaction, the insider now owns 5,364 shares in the company, valued at approximately $209,678.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.09% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of TRIP. Cutter & CO Brokerage Inc. grew its stake in shares of TripAdvisor by 0.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock valued at $249,000 after buying an additional 30 shares during the last quarter. Lourd Capital LLC increased its holdings in shares of TripAdvisor by 0.6% in the second quarter. Lourd Capital LLC now owns 7,497 shares of the travel company’s stock worth $286,000 after buying an additional 47 shares during the period. United Capital Financial Advisers LLC increased its holdings in shares of TripAdvisor by 0.7% in the first quarter. United Capital Financial Advisers LLC now owns 9,576 shares of the travel company’s stock worth $413,000 after buying an additional 65 shares during the period. Utah Retirement Systems increased its holdings in shares of TripAdvisor by 0.5% in the first quarter. Utah Retirement Systems now owns 20,861 shares of the travel company’s stock worth $900,000 after buying an additional 100 shares during the period. Finally, Advisor Group Inc. increased its holdings in shares of TripAdvisor by 1.4% in the second quarter. Advisor Group Inc. now owns 8,401 shares of the travel company’s stock worth $321,000 after buying an additional 118 shares during the period. Institutional investors and hedge funds own 86.18% 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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