Investors Sell Shares of TripAdvisor, Inc. (TRIP) on Strength (TRIP)
Investors sold shares of TripAdvisor, Inc. (NASDAQ:TRIP) on strength during trading hours on Tuesday. $19.88 million flowed into the stock on the tick-up and $43.72 million flowed out of the stock on the tick-down, for a money net flow of $23.84 million out of the stock. Of all companies tracked, TripAdvisor had the 18th highest net out-flow for the day. TripAdvisor traded up $1.81 for the day and closed at $44.55
A number of brokerages recently weighed in on TRIP. Stifel Nicolaus lifted their price objective on shares of TripAdvisor from $37.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, May 11th. Credit Suisse Group set a $45.00 price objective on shares of TripAdvisor and gave the company a “hold” rating in a report on Tuesday, May 9th. Royal Bank Of Canada restated a “hold” rating and issued a $48.00 price objective on shares of TripAdvisor in a report on Monday, May 8th. Cantor Fitzgerald restated a “hold” rating and issued a $54.00 price objective on shares of TripAdvisor in a report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Ten 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’s stock. TripAdvisor presently has a consensus rating of “Hold” and a consensus target price of $43.44.
The stock’s 50-day moving average is $40.14 and its 200 day moving average is $41.07. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 67.40 and a beta of 2.37.
TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $424 million during the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. On average, equities analysts expect that TripAdvisor, Inc. will post $1.15 earnings per share for the current year.
In other TripAdvisor news, insider Dermot Halpin sold 12,859 shares of TripAdvisor stock in a transaction on Friday, August 18th. The shares were sold at an average price of $39.09, for a total value of $502,658.31. Following the completion of the transaction, the insider now owns 5,364 shares of the company’s stock, valued at $209,678.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.98% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank boosted its holdings in TripAdvisor by 22.8% in the second quarter. Toronto Dominion Bank now owns 37,507 shares of the travel company’s stock worth $1,432,000 after purchasing an additional 6,960 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in TripAdvisor by 0.9% in the second quarter. Public Employees Retirement System of Ohio now owns 99,229 shares of the travel company’s stock worth $3,791,000 after purchasing an additional 865 shares during the period. Disciplined Growth Investors Inc. MN boosted its holdings in TripAdvisor by 0.4% in the second quarter. Disciplined Growth Investors Inc. MN now owns 482,352 shares of the travel company’s stock worth $18,426,000 after purchasing an additional 2,080 shares during the period. Bank of Nova Scotia boosted its holdings in TripAdvisor by 106.4% in the second quarter. Bank of Nova Scotia now owns 52,240 shares of the travel company’s stock worth $1,996,000 after purchasing an additional 26,926 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in TripAdvisor by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 126,498 shares of the travel company’s stock worth $4,833,000 after purchasing an additional 7,867 shares during the period. 86.39% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This piece was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.dailypolitical.com/2017/09/05/investors-sell-shares-of-tripadvisor-inc-trip-on-strength-trip.html.
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.
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.