Tripadvisor Inc (NASDAQ:TRIP) – Investment analysts at SunTrust Banks lowered their Q3 2019 EPS estimates for Tripadvisor in a research note issued on Tuesday, June 11th. SunTrust Banks analyst N. Khan now forecasts that the travel company will post earnings per share of $0.59 for the quarter, down from their prior forecast of $0.60. SunTrust Banks has a “Hold” rating and a $60.00 price target on the stock.
Tripadvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, May 7th. The travel company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.05. The firm had revenue of $376.00 million for the quarter, compared to analysts’ expectations of $387.27 million. Tripadvisor had a net margin of 8.31% and a return on equity of 10.24%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share.
A number of other research analysts have also recently weighed in on the stock. BidaskClub cut shares of Tripadvisor from a “hold” rating to a “sell” rating in a research note on Thursday, May 30th. Guggenheim raised shares of Tripadvisor from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 21st. Needham & Company LLC started coverage on shares of Tripadvisor in a research report on Monday, May 20th. They issued a “buy” rating and a $63.00 price target on the stock. Stifel Nicolaus lowered their price target on shares of Tripadvisor from $57.00 to $50.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Finally, DA Davidson lowered their price target on shares of Tripadvisor to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. Tripadvisor currently has an average rating of “Hold” and an average price target of $56.60.
TRIP opened at $46.28 on Friday. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 44.08, a P/E/G ratio of 2.60 and a beta of 1.37. Tripadvisor has a twelve month low of $42.01 and a twelve month high of $69.00.
In other news, insider Noel Bertram Watson sold 3,369 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $55.00, for a total value of $185,295.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Seth J. Kalvert sold 11,016 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $51.93, for a total transaction of $572,060.88. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of TRIP. Rockefeller Capital Management L.P. increased its holdings in Tripadvisor by 3,815.4% during the 1st quarter. Rockefeller Capital Management L.P. now owns 509 shares of the travel company’s stock worth $27,000 after acquiring an additional 496 shares during the period. Oakworth Capital Inc. bought a new stake in Tripadvisor during the 4th quarter worth approximately $32,000. Rational Advisors LLC increased its holdings in Tripadvisor by 870.8% during the 4th quarter. Rational Advisors LLC now owns 631 shares of the travel company’s stock worth $34,000 after acquiring an additional 566 shares during the period. Meridian Wealth Management LLC bought a new stake in Tripadvisor during the 1st quarter worth approximately $42,000. Finally, CSat Investment Advisory L.P. increased its holdings in Tripadvisor by 65.1% during the 1st quarter. CSat Investment Advisory L.P. now owns 1,083 shares of the travel company’s stock worth $56,000 after acquiring an additional 427 shares during the period. 86.72% of the stock is currently owned by institutional investors and hedge funds.
Tripadvisor Company Profile
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.
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