TripAdvisor, Inc. (TRIP) Receives Consensus Rating of “Hold” from Analysts
TripAdvisor, Inc. (NASDAQ:TRIP) has earned an average recommendation of “Hold” from the twenty-eight analysts that are covering the stock, MarketBeat reports. Nine analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $42.83.
Several brokerages have recently weighed in on TRIP. BidaskClub raised shares of TripAdvisor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $32.00 target price (down previously from $40.00) on shares of TripAdvisor in a research note on Thursday, August 10th. Cowen and Company restated a “market perform” rating and issued a $42.00 price target (up from $40.00) on shares of TripAdvisor in a report on Friday, August 11th. Stifel Nicolaus restated a “hold” rating and issued a $40.00 price target (down from $45.00) on shares of TripAdvisor in a report on Thursday, August 10th. Finally, Jefferies Group LLC restated a “sell” rating and issued a $35.00 price target on shares of TripAdvisor in a report on Thursday, September 28th.
TripAdvisor (NASDAQ TRIP) traded down 0.44% during trading on Friday, hitting $40.30. 1,595,687 shares of the company traded hands. The company’s 50 day moving average is $42.36 and its 200-day moving average is $40.97. TripAdvisor has a 52 week low of $35.34 and a 52 week high of $65.56. The stock has a market capitalization of $5.08 billion, a PE ratio of 60.15 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 (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $424.00 million for the quarter, compared to analysts’ expectations of $421.66 million. During the same period in the previous year, the company earned $0.38 EPS. TripAdvisor’s revenue for the quarter was up 8.4% compared to the same quarter last year. Analysts predict that TripAdvisor will post $1.14 earnings per share for the current year.
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 sale, the insider now owns 5,364 shares of the company’s stock, valued at approximately $209,678.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.09% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cutter & CO Brokerage Inc. boosted its stake in TripAdvisor by 0.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock worth $249,000 after purchasing an additional 30 shares during the last quarter. Lourd Capital LLC boosted its stake in TripAdvisor by 0.6% during the 2nd quarter. Lourd Capital LLC now owns 7,497 shares of the travel company’s stock worth $286,000 after purchasing an additional 47 shares during the last quarter. United Capital Financial Advisers LLC boosted its stake in TripAdvisor by 0.7% during the 1st quarter. United Capital Financial Advisers LLC now owns 9,576 shares of the travel company’s stock worth $413,000 after purchasing an additional 65 shares during the last quarter. Advisor Group Inc. boosted its stake in TripAdvisor by 1.4% during the 2nd quarter. Advisor Group Inc. now owns 8,401 shares of the travel company’s stock worth $321,000 after purchasing an additional 118 shares during the last quarter. Finally, Norinchukin Bank The boosted its stake in TripAdvisor by 4.4% during the 2nd quarter. Norinchukin Bank The now owns 7,663 shares of the travel company’s stock worth $293,000 after purchasing an additional 326 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.
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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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