TripAdvisor Inc. (TRIP) Sees Large Volume Increase
Shares of TripAdvisor Inc. (NASDAQ:TRIP) saw unusually-strong trading volume on Friday . Approximately 3,291,153 shares traded hands during mid-day trading, an increase of 52% from the previous session’s volume of 2,168,799 shares.The stock last traded at $61.92 and had previously closed at $63.59.
A number of research analysts recently commented on TRIP shares. Vetr downgraded shares of TripAdvisor from a “strong-buy” rating to a “buy” rating and set a $71.15 price target for the company. in a report on Tuesday, April 19th. Credit Suisse Group AG reissued a “buy” rating on shares of TripAdvisor in a research note on Sunday, May 8th. Piper Jaffray Cos. reissued a “buy” rating and issued a $95.00 price objective on shares of TripAdvisor in a research note on Saturday, June 25th. Barclays PLC decreased their price objective on shares of TripAdvisor from $74.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, May 6th. Finally, Jefferies Group reissued a “hold” rating and issued a $70.00 price objective on shares of TripAdvisor in a research note on Friday, May 6th. Three equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and three have assigned a buy rating to the company’s stock. TripAdvisor presently has an average rating of “Hold” and an average target price of $71.03.
The stock’s 50-day moving average price is $66.69 and its 200-day moving average price is $65.13. The firm has a market capitalization of $8.86 billion and a P/E ratio of 54.83.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, August 3rd. The travel company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.04. The business had revenue of $391 million for the quarter. During the same period in the prior year, the firm posted $0.54 EPS. The business’s revenue was down 3.5% on a year-over-year basis. Analysts anticipate that TripAdvisor Inc. will post $1.63 EPS for the current fiscal year.
In other TripAdvisor news, insider Dermot Halpin sold 7,026 shares of the stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $66.21, for a total value of $465,191.46. Following the sale, the insider now directly owns 7,926 shares of the company’s stock, valued at approximately $524,780.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Other large investors have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of TripAdvisor during the fourth quarter worth approximately $1,131,000. BNP Paribas Arbitrage SA increased its position in TripAdvisor by 13.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 17,105 shares of the travel company’s stock worth $1,458,000 after buying an additional 1,987 shares during the period. Utah Retirement Systems increased its position in TripAdvisor by 0.5% in the fourth quarter. Utah Retirement Systems now owns 20,161 shares of the travel company’s stock worth $1,719,000 after buying an additional 100 shares during the period. Atlantic Trust Group LLC increased its position in TripAdvisor by 31.4% in the fourth quarter. Atlantic Trust Group LLC now owns 30,527 shares of the travel company’s stock worth $2,602,000 after buying an additional 7,296 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in TripAdvisor by 2.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 31,500 shares of the travel company’s stock worth $2,685,000 after buying an additional 709 shares during the period.
TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.