TripAdvisor’s (TRIP) “Hold” Rating Reaffirmed at Barclays PLC
TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “hold” rating reissued by stock analysts at Barclays PLC in a research report issued to clients and investors on Wednesday.
A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Credit Suisse Group cut shares of TripAdvisor from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $40.00 to $34.00 in a research report on Monday, June 19th. Hilliard Lyons upgraded shares of TripAdvisor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $45.00 to $65.00 in a research report on Friday, May 12th. Vetr cut shares of TripAdvisor from a “buy” rating to a “hold” rating and set a $42.29 target price for the company. in a research report on Monday, April 17th. Finally, Bank of America Corporation restated an “underperform” rating and set a $35.00 target price on shares of TripAdvisor in a research report on Sunday, May 28th. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $45.94.
TripAdvisor (NASDAQ:TRIP) traded up 2.895% during mid-day trading on Wednesday, hitting $40.695. The company had a trading volume of 14,097,151 shares. The firm has a market capitalization of $5.75 billion, a PE ratio of 57.236 and a beta of 2.36. TripAdvisor has a 1-year low of $35.34 and a 1-year high of $66.13. The company has a 50 day moving average of $37.64 and a 200 day moving average of $42.87. TripAdvisor also saw unusually large options trading activity on Tuesday. Investors purchased 12,124 put options on the company. This represents an increase of approximately 753% compared to the average daily volume of 1,421 put options.
TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $424 million for the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a return on equity of 8.87% and a net margin of 6.87%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. Analysts predict that TripAdvisor will post $1.14 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in TripAdvisor during the fourth quarter worth about $18,194,000. Teachers Advisors LLC increased 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 during the last quarter. Kentucky Retirement Systems bought a new stake in TripAdvisor during the fourth quarter worth about $385,000. Highbridge Capital Management LLC bought a new stake in TripAdvisor during the fourth quarter worth about $496,000. Finally, Chevy Chase Trust Holdings Inc. increased its stake in TripAdvisor by 1.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 97,350 shares of the travel company’s stock worth $4,202,000 after buying an additional 1,844 shares during the last quarter. Hedge funds and other institutional investors own 89.06% 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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