Tripadvisor (NASDAQ:TRIP)‘s stock had its “hold” rating restated by equities research analysts at Wells Fargo & Co in a research report issued to clients and investors on Wednesday.
The analysts wrote, “We note that Street consensus for 2018 EBITDA had stood at $303MM prior to the print, implying an 8% yr/yr decline vs. reported 2017 EBITDA of $331MM. TripAdvisor, Inc. (TRIP)/Market Perform (2) Price as of 2/14/2018: $40.72 FY 17 CASH EPS: $1.11 FY 18 CASH EPS: $1.02 Shares Out.: 139.0 MM Market Cap.: $5,660.08 MM Rating Basis Information: TRIP Thesis: Though we favor Tripadvisor’s strong consumer brand position and global reach, we believe pivot of brand positioning toward price comparison could yield a new level of competitive pressure and we remain concerned that sacrificing performance marketing for brand TV could have a nearterm negative impact on fundamentals. This concern and what we believe to be a full valuation lead us to maintain our Market Perform rating.””
TRIP has been the topic of several other research reports. Deutsche Bank cut their target price on Tripadvisor from $40.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, October 24th. Zacks Investment Research raised Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, January 11th. UBS Group reissued a “neutral” rating and set a $43.00 target price on shares of Tripadvisor in a research report on Wednesday, November 8th. Oppenheimer reissued a “hold” rating on shares of Tripadvisor in a research report on Sunday, December 17th. Finally, Susquehanna Bancshares cut their target price on Tripadvisor from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 7th. Nine research analysts have rated the stock with a sell rating and seventeen have issued a hold rating to the stock. Tripadvisor presently has an average rating of “Hold” and an average price target of $39.63.
Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The company had revenue of $321.00 million for the quarter, compared to the consensus estimate of $309.12 million. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. equities research analysts expect that Tripadvisor will post 0.68 EPS for the current fiscal year.
Tripadvisor declared that its board has initiated a share buyback plan on Wednesday, February 14th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the travel company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total value of $378,280.00. Following the completion of the sale, the chief financial officer now directly owns 13,866 shares in the company, valued at approximately $554,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.09% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the business. FNY Managed Accounts LLC purchased a new stake in shares of Tripadvisor in the 3rd quarter worth $101,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Tripadvisor in the 4th quarter worth $104,000. NuWave Investment Management LLC purchased a new stake in shares of Tripadvisor in the 4th quarter worth $116,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Tripadvisor by 164.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock worth $168,000 after buying an additional 3,037 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of Tripadvisor in the 4th quarter worth $180,000. Institutional investors and hedge funds own 90.33% of the company’s stock.
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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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