TripAdvisor, Inc. (NASDAQ:TRIP) Rating Increased to Market Perform at Cowen and Company
Cowen and Company upgraded shares of TripAdvisor, Inc. (NASDAQ:TRIP) from an underperform rating to a market perform rating in a research report released on Wednesday morning. Cowen and Company currently has $35.00 price target on the travel company’s stock.
Other equities research analysts also recently issued research reports about the company. Hilliard Lyons upgraded TripAdvisor from a neutral rating to a buy rating and increased their target price for the stock from $45.00 to $65.00 in a research report on Friday, May 12th. Zacks Investment Research raised TripAdvisor from a sell rating to a hold rating in a research note on Monday, May 15th. Deutsche Bank AG reduced their target price on TripAdvisor from $37.00 to $35.00 and set a hold rating on the stock in a research note on Thursday, May 11th. Stifel Nicolaus increased their target price on TripAdvisor from $37.00 to $40.00 and gave the company a hold rating in a research note on Thursday, May 11th. Finally, Cantor Fitzgerald reissued a hold rating and issued a $54.00 target price on shares of TripAdvisor in a research note on Wednesday, May 10th. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the stock. TripAdvisor presently has an average rating of Hold and a consensus target price of $48.17.
TripAdvisor (NASDAQ:TRIP) traded down 3.64% during mid-day trading on Wednesday, hitting $38.16. The stock had a trading volume of 1,559,701 shares. The firm’s 50-day moving average price is $37.64 and its 200-day moving average price is $43.77. TripAdvisor has a 1-year low of $35.34 and a 1-year high of $71.69. The stock has a market cap of $5.39 billion, a PE ratio of 53.67 and a beta of 2.35.
TripAdvisor (NASDAQ:TRIP) last posted 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 during the quarter, compared to analysts’ expectations of $376.67 million. During the same quarter in the previous year, the company posted $0.33 EPS. TripAdvisor’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 earnings per share for the current year.
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Several hedge funds have recently bought and sold shares of the company. Federated Investors Inc. PA raised its stake in TripAdvisor by 162.0% in the fourth quarter. Federated Investors Inc. PA now owns 7,381 shares of the travel company’s stock worth $342,000 after buying an additional 4,564 shares in the last quarter. Janus Capital Management LLC raised its stake in TripAdvisor by 10.7% in the fourth quarter. Janus Capital Management LLC now owns 12,514 shares of the travel company’s stock worth $580,000 after buying an additional 1,214 shares in the last quarter. Norges Bank purchased a new stake in TripAdvisor during the fourth quarter worth $18,194,000. Quadrature Capital Ltd purchased a new stake in TripAdvisor during the fourth quarter worth $1,098,000. Finally, Teachers Advisors LLC raised its stake in TripAdvisor by 5.5% in the fourth quarter. Teachers Advisors LLC now owns 125,474 shares of the travel company’s stock worth $5,818,000 after buying an additional 6,500 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.
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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