TripAdvisor, Inc. (TRIP) Rating Reiterated by Royal Bank Of Canada
TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “hold” rating restated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday. They presently have a $38.00 price objective on the travel company’s stock. Royal Bank Of Canada’s price objective indicates a potential downside of 2.26% from the stock’s current price.
TRIP has been the subject of several other reports. BidaskClub raised TripAdvisor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $32.00 price objective (down from $40.00) on shares of TripAdvisor in a research note on Thursday, August 10th. Cowen and Company reaffirmed a “market perform” rating and issued a $42.00 price objective (up from $40.00) on shares of TripAdvisor in a research note on Friday, August 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 price objective (down from $45.00) on shares of TripAdvisor in a research note on Thursday, August 10th. Finally, Jefferies Group LLC reaffirmed a “sell” rating and issued a $35.00 price objective on shares of TripAdvisor in a research note on Thursday, September 28th. Nine research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the company. TripAdvisor currently has an average rating of “Hold” and a consensus target price of $42.44.
TripAdvisor (NASDAQ TRIP) traded up $1.01 during midday trading on Friday, hitting $38.88. The company had a trading volume of 2,376,742 shares, compared to its average volume of 2,734,325. The stock has a market cap of $5,340.53, a PE ratio of 44.24, a price-to-earnings-growth ratio of 2.86 and a beta of 2.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.19.
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). The firm had revenue of $424.00 million for the quarter, compared to analysts’ expectations of $421.66 million. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 EPS. equities research analysts forecast that TripAdvisor will post 0.68 earnings per share for the current fiscal year.
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In other 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 value of $502,658.31. Following the transaction, the insider now directly owns 5,364 shares in the company, valued at approximately $209,678.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.09% of the company’s stock.
Large investors have recently made changes to their positions in the company. Neuberger Berman Group LLC purchased a new position in shares of TripAdvisor in the 2nd quarter valued at $19,979,000. World Asset Management Inc grew its stake in TripAdvisor by 5.1% during the 4th quarter. World Asset Management Inc now owns 11,974 shares of the travel company’s stock worth $1,021,000 after buying an additional 577 shares during the last quarter. Profund Advisors LLC grew its stake in TripAdvisor by 11.9% during the 1st quarter. Profund Advisors LLC now owns 42,933 shares of the travel company’s stock worth $1,853,000 after buying an additional 4,555 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in TripAdvisor by 40.2% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 688,183 shares of the travel company’s stock worth $43,480,000 after buying an additional 197,190 shares during the last quarter. Finally, Beacon Trust Co. grew its stake in TripAdvisor by 0.6% during the 4th quarter. Beacon Trust Co. now owns 32,559 shares of the travel company’s stock worth $2,776,000 after buying an additional 187 shares during the last quarter. Institutional investors and hedge funds 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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