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.

WARNING: This piece of content was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/07/investors-sell-tripadvisor-inc-trip-on-strength-trip.html.

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.

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.