TripAdvisor, Inc. (TRIP) Given Average Recommendation of “Hold” by Brokerages
Shares of TripAdvisor, Inc. (NASDAQ:TRIP) have been given an average recommendation of “Hold” by the twenty-six ratings firms that are presently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $47.65.
Several research analysts have recently issued reports on the stock. Cowen and Company upgraded shares of TripAdvisor from an “underperform” rating to a “market perform” rating and set a $35.00 price target for the company in a report on Wednesday. Zacks Investment Research downgraded shares of TripAdvisor from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Credit Suisse Group downgraded shares of TripAdvisor from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $40.00 to $34.00 in a report on Monday, June 19th. ValuEngine downgraded shares of TripAdvisor from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Bank of America Corporation reiterated an “underperform” rating and set a $35.00 price target on shares of TripAdvisor in a report on Sunday, May 28th.
Several large investors have recently bought and sold shares of the company. Malaga Cove Capital LLC raised its stake in TripAdvisor by 94.7% in the second quarter. Malaga Cove Capital LLC now owns 45,706 shares of the travel company’s stock worth $1,763,000 after buying an additional 22,228 shares in the last quarter. Aperio Group LLC raised its stake in TripAdvisor by 34.4% in the second quarter. Aperio Group LLC now owns 28,714 shares of the travel company’s stock valued at $1,097,000 after buying an additional 7,355 shares during the period. LS Investment Advisors LLC raised its stake in TripAdvisor by 30.0% in the second quarter. LS Investment Advisors LLC now owns 7,599 shares of the travel company’s stock valued at $290,000 after buying an additional 1,752 shares during the period. Marathon Asset Management LLP raised its stake in TripAdvisor by 178.0% in the second quarter. Marathon Asset Management LLP now owns 344,820 shares of the travel company’s stock valued at $13,172,000 after buying an additional 220,794 shares during the period. Finally, CWM LLC raised its stake in TripAdvisor by 153.6% in the second quarter. CWM LLC now owns 128,743 shares of the travel company’s stock valued at $4,918,000 after buying an additional 77,977 shares during the period. Institutional investors own 89.29% of the company’s stock.
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TripAdvisor (NASDAQ:TRIP) traded up 3.45% during midday trading on Friday, reaching $39.60. The company had a trading volume of 3,720,987 shares. The stock has a market cap of $5.59 billion, a P/E ratio of 55.70 and a beta of 2.35. TripAdvisor has a 12 month low of $35.34 and a 12 month high of $71.69. The firm has a 50-day moving average of $37.64 and a 200-day moving average of $43.77.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, May 9th. The travel company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by $0.01. TripAdvisor had a net margin of 6.87% and a return on equity of 8.87%. The firm had revenue of $372 million for the quarter, compared to analyst estimates of $376.67 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts expect that TripAdvisor will post $1.15 EPS for the current fiscal year.
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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