TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “hold” rating reaffirmed by SunTrust Banks, Inc. in a research note issued to investors on Thursday. They presently have a $44.00 price objective on the travel company’s stock. SunTrust Banks, Inc.’s target price indicates a potential upside of 11.31% from the company’s current price.

Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded TripAdvisor from a “hold” rating to a “sell” rating in a report on Tuesday. KeyCorp restated a “hold” rating on shares of TripAdvisor in a report on Wednesday, October 4th. Citigroup Inc. restated a “neutral” rating and issued a $41.00 price objective (up from $39.00) on shares of TripAdvisor in a report on Tuesday, October 3rd. Jefferies Group LLC restated a “sell” rating and issued a $35.00 price objective on shares of TripAdvisor in a report on Thursday, September 28th. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of TripAdvisor in a report on Tuesday, September 26th. Nine equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.83.

Shares of TripAdvisor (NASDAQ TRIP) traded down 1.98% on Thursday, hitting $39.53. 2,490,496 shares of the company traded hands. The firm has a market capitalization of $5.48 billion, a P/E ratio of 59.80 and a beta of 2.38. The firm’s 50-day moving average is $42.76 and its 200 day moving average is $41.11. TripAdvisor has a 1-year low of $35.34 and a 1-year high of $65.56.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data 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). The firm had revenue of $424.00 million during the quarter, compared to the consensus estimate of $421.66 million. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. On average, analysts anticipate 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 the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $39.09, for a total value of $502,658.31. Following the sale, the insider now owns 5,364 shares in the company, valued at $209,678.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.09% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. boosted its position in TripAdvisor by 11.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 316,945 shares of the travel company’s stock worth $13,679,000 after purchasing an additional 32,039 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in TripAdvisor by 7.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,303 shares of the travel company’s stock worth $229,000 after purchasing an additional 377 shares in the last quarter. Nordea Investment Management AB boosted its position in TripAdvisor by 3.5% in the 1st quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock worth $198,000 after purchasing an additional 157 shares in the last quarter. Stifel Financial Corp boosted its position in TripAdvisor by 19.7% in the 1st quarter. Stifel Financial Corp now owns 32,258 shares of the travel company’s stock worth $1,405,000 after purchasing an additional 5,315 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in TripAdvisor by 68.4% in the 1st quarter. Victory Capital Management Inc. now owns 19,304 shares of the travel company’s stock worth $833,000 after purchasing an additional 7,839 shares in the last quarter. Hedge funds and other institutional investors 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.

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

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