TripAdvisor, Inc. (TRIP) Earns “Sell” Rating from Jefferies Group LLC
TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “sell” rating reiterated by Jefferies Group LLC in a research note issued to investors on Tuesday. They currently have a $35.00 price objective on the travel company’s stock. Jefferies Group LLC’s target price would suggest a potential downside of 6.67% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research raised TripAdvisor from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Cowen and Company raised TripAdvisor from an “underperform” rating to a “market perform” rating and set a $35.00 target price for the company in a report on Wednesday, July 19th. Wells Fargo & Company reissued a “hold” rating on shares of TripAdvisor in a report on Thursday, July 27th. BidaskClub downgraded TripAdvisor from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Barclays PLC dropped their target price on TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. Nine 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 an average rating of “Hold” and an average price target of $42.94.
Shares of TripAdvisor (NASDAQ:TRIP) traded up 0.40% during midday trading on Tuesday, reaching $37.50. 6,646,822 shares of the company’s stock traded hands. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 56.73 and a beta of 2.38. TripAdvisor has a 52-week low of $35.34 and a 52-week high of $65.56. The stock has a 50 day moving average of $41.36 and a 200-day moving average of $40.80.
TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $424.00 million for the quarter, compared to analyst estimates of $421.66 million. During the same period in the prior year, the business posted $0.38 EPS. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts expect that TripAdvisor will post $1.13 EPS for the current year.
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In other news, insider Dermot Halpin sold 12,859 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $39.09, for a total transaction of $502,658.31. Following the sale, the insider now directly owns 5,364 shares in the company, valued at $209,678.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.09% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of TripAdvisor by 1.0% during the second quarter. Vanguard Group Inc. now owns 10,758,105 shares of the travel company’s stock worth $410,959,000 after purchasing an additional 105,571 shares during the last quarter. BlackRock Inc. grew its holdings in shares of TripAdvisor by 23.9% during the second quarter. BlackRock Inc. now owns 8,883,209 shares of the travel company’s stock worth $339,338,000 after purchasing an additional 1,713,523 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of TripAdvisor by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 4,926,007 shares of the travel company’s stock worth $188,176,000 after purchasing an additional 220,185 shares during the last quarter. Matrix Capital Management Company LP grew its holdings in shares of TripAdvisor by 152.3% during the second quarter. Matrix Capital Management Company LP now owns 3,532,600 shares of the travel company’s stock worth $134,945,000 after purchasing an additional 2,132,600 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of TripAdvisor by 20.2% during the second quarter. First Trust Advisors LP now owns 2,102,627 shares of the travel company’s stock worth $80,320,000 after purchasing an additional 353,242 shares during the last quarter. Institutional investors own 86.22% 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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