Investors Sell TripAdvisor, Inc. (TRIP) on Strength (TRIP)
Investors sold shares of TripAdvisor, Inc. (NASDAQ:TRIP) on strength during trading 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 stocks tracked, TripAdvisor had the 0th highest net out-flow for the day. TripAdvisor traded up $1.81 for the day and closed at $44.55
Several research analysts have recently commented on the company. Stifel Nicolaus lifted their price target on TripAdvisor from $37.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, May 11th. Cantor Fitzgerald reiterated a “hold” rating and set a $54.00 price target on shares of TripAdvisor in a report on Wednesday, May 10th. Zacks Investment Research upgraded TripAdvisor from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Hilliard Lyons upgraded TripAdvisor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $65.00 in a report on Friday, May 12th. Finally, Deutsche Bank AG reduced their price target on TripAdvisor from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, May 11th. Nine investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company. TripAdvisor currently has an average rating of “Hold” and a consensus price target of $43.44.
The stock has a market capitalization of $6.35 billion, a P/E ratio of 69.20 and a beta of 2.37. The firm’s 50-day moving average is $40.31 and its 200-day moving average is $41.09.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The business had revenue of $424 million for the quarter, compared to analyst estimates of $421.66 million. During the same quarter last year, the business earned $0.38 EPS. TripAdvisor’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts anticipate 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 the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $39.09, for a total transaction of $502,658.31. Following the completion of the sale, the insider now owns 5,364 shares in the company, valued at approximately $209,678.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.98% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TRIP. Oppenheimer Asset Management Inc. acquired a new stake in TripAdvisor during the 1st quarter valued at approximately $113,000. Mn Services Vermogensbeheer B.V. grew its stake in TripAdvisor by 6.7% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock valued at $130,000 after purchasing an additional 201 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in TripAdvisor by 4.2% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 3,967 shares of the travel company’s stock valued at $171,000 after purchasing an additional 160 shares in the last quarter. Sphera Funds Management LTD. acquired a new stake in TripAdvisor during the 1st quarter valued at approximately $173,000. Finally, Nordea Investment Management AB grew its stake in TripAdvisor by 3.5% during the 1st quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after purchasing an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.
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TripAdvisor Company Profile
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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