TripAdvisor, Inc. (TRIP) Receives Hold Rating from KeyCorp
TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “hold” rating reiterated by equities research analysts at KeyCorp in a research note issued on Wednesday.
A number of other research firms also recently commented on TRIP. Royal Bank Of Canada reiterated a “hold” rating and set a $47.00 target price on shares of TripAdvisor in a research report on Monday, August 7th. Zacks Investment Research raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. SunTrust Banks, Inc. started coverage on shares of TripAdvisor in a research report on Tuesday, August 15th. They issued a “hold” rating and a $44.00 price target on the stock. Credit Suisse Group cut shares of TripAdvisor from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $40.00 to $34.00 in a research report on Monday, June 19th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $42.00 price target on shares of TripAdvisor in a research note on Tuesday, September 12th. Nine research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $43.58.
Shares of TripAdvisor (NASDAQ:TRIP) traded up 2.41% during trading on Wednesday, reaching $42.85. 581,148 shares of the company were exchanged. TripAdvisor has a 1-year low of $35.34 and a 1-year high of $66.13. The stock’s 50 day moving average is $42.51 and its 200 day moving average is $41.12. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 64.83 and a beta of 2.38.
TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.05). TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The firm had revenue of $424.00 million for the quarter, compared to analysts’ expectations of $421.66 million. During the same quarter in the prior year, the business earned $0.38 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities analysts anticipate that TripAdvisor will post $1.14 earnings per share for the current year.
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In other TripAdvisor news, insider Dermot Halpin sold 12,859 shares of TripAdvisor stock in a transaction on Friday, August 18th. The stock was sold at an average price of $39.09, for a total transaction of $502,658.31. Following the completion of the sale, the insider now directly owns 5,364 shares of the company’s stock, valued at approximately $209,678.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.09% of the company’s stock.
Several hedge funds have recently modified their holdings of TRIP. Neuberger Berman Group LLC purchased a new position in shares of TripAdvisor during the second quarter valued at $19,979,000. World Asset Management Inc raised its holdings in shares of TripAdvisor by 5.1% in the 4th quarter. World Asset Management Inc now owns 11,974 shares of the travel company’s stock valued at $1,021,000 after purchasing an additional 577 shares in the last quarter. Profund Advisors LLC raised its holdings in shares of TripAdvisor by 11.9% in the 1st quarter. Profund Advisors LLC now owns 42,933 shares of the travel company’s stock valued at $1,853,000 after purchasing an additional 4,555 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of TripAdvisor by 40.2% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 688,183 shares of the travel company’s stock valued at $43,480,000 after purchasing an additional 197,190 shares in the last quarter. Finally, Beacon Trust Co. raised its holdings in shares of TripAdvisor by 0.6% in the 4th quarter. Beacon Trust Co. now owns 32,559 shares of the travel company’s stock valued at $2,776,000 after purchasing an additional 187 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.
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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