TripAdvisor, Inc. (TRIP) Issues Earnings Results
TripAdvisor, Inc. (NASDAQ:TRIP) posted its earnings results on Tuesday. The travel company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.05, Morningstar.com reports. TripAdvisor had a return on equity of 8.87% and a net margin of 6.87%. The business had revenue of $424 million for the quarter, compared to the consensus estimate of $421.66 million. During the same period in the previous year, the firm earned $0.38 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year.
TripAdvisor (TRIP) traded up 1.62% on Wednesday, reaching $40.19. 12,869,574 shares of the company’s stock traded hands. TripAdvisor has a 12 month low of $35.34 and a 12 month high of $66.13. The firm’s 50 day moving average price is $37.64 and its 200 day moving average price is $42.87. The company has a market cap of $5.68 billion, a PE ratio of 56.53 and a beta of 2.36. TripAdvisor also saw some unusual options trading on Tuesday. Investors bought 12,124 put options on the stock. This is an increase of approximately 753% compared to the typical daily volume of 1,421 put options.
Institutional investors have recently made changes to their positions in the stock. Profund Advisors LLC increased its position in shares of TripAdvisor by 11.9% in the first quarter. Profund Advisors LLC now owns 42,933 shares of the travel company’s stock valued at $1,853,000 after buying an additional 4,555 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of TripAdvisor by 130.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 8,539 shares of the travel company’s stock valued at $385,000 after buying an additional 4,827 shares during the period. Bank of Nova Scotia acquired a new position in shares of TripAdvisor during the first quarter valued at approximately $1,612,000. Soros Fund Management LLC increased its position in shares of TripAdvisor by 1,269.2% in the first quarter. Soros Fund Management LLC now owns 249,280 shares of the travel company’s stock valued at $10,759,000 after buying an additional 231,074 shares during the period. Finally, Gulf International Bank UK Ltd increased its position in shares of TripAdvisor by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 34,810 shares of the travel company’s stock valued at $1,502,000 after buying an additional 300 shares during the period. 89.06% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on TRIP. UBS AG reissued a “neutral” rating and set a $45.00 target price (down from $48.00) on shares of TripAdvisor in a report on Friday, April 14th. Piper Jaffray Companies reduced their target price on shares of TripAdvisor to $43.00 and set a “neutral” rating on the stock in a report on Wednesday. BidaskClub raised shares of TripAdvisor from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Barclays PLC reduced their price objective on shares of TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Monday. Nine research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the company. TripAdvisor currently has an average rating of “Hold” and an average target price of $46.24.
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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