TripAdvisor, Inc. (TRIP) Stock Rating Reaffirmed by Cowen and Company
TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “hold” rating reiterated by investment analysts at Cowen and Company in a note issued to investors on Tuesday. They presently have a $42.00 target price on the travel company’s stock. Cowen and Company’s target price suggests a potential downside of 5.58% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Credit Suisse Group lowered shares of TripAdvisor from a “neutral” rating to an “underperform” rating and cut their price target for the company from $40.00 to $34.00 in a research note on Monday, June 19th. Bank of America Corporation reaffirmed an “underperform” rating and issued a $35.00 price target on shares of TripAdvisor in a research note on Sunday, May 28th. Macquarie lowered shares of TripAdvisor from a “neutral” rating to an “underperform” rating in a research note on Friday, May 26th. Finally, ValuEngine lowered shares of TripAdvisor from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Nine 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.44.
Shares of TripAdvisor (NASDAQ TRIP) traded up 0.76% during midday trading on Tuesday, hitting $44.82. 2,006,487 shares of the company traded hands. TripAdvisor has a 12-month low of $35.34 and a 12-month high of $66.13. The stock’s 50-day moving average is $40.78 and its 200 day moving average is $41.07. The stock has a market capitalization of $6.22 billion, a P/E ratio of 67.81 and a beta of 2.37.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The company had revenue of $424.00 million during the quarter, compared to the consensus estimate of $421.66 million. During the same period in the previous year, the firm posted $0.38 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, analysts expect that TripAdvisor will post $1.15 earnings per share for the current year.
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In other TripAdvisor news, insider Dermot Halpin sold 12,859 shares of the company’s 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 transaction, the insider now directly owns 5,364 shares in the company, valued at $209,678.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.98% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the business. Cutter & CO Brokerage Inc. increased its holdings in shares of TripAdvisor by 0.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock valued at $249,000 after purchasing an additional 30 shares during the last quarter. Lourd Capital LLC increased its holdings in shares of TripAdvisor by 0.6% in the second quarter. Lourd Capital LLC now owns 7,497 shares of the travel company’s stock valued at $286,000 after purchasing an additional 47 shares during the last quarter. United Capital Financial Advisers LLC increased its holdings in shares of TripAdvisor by 0.7% in the first quarter. United Capital Financial Advisers LLC now owns 9,576 shares of the travel company’s stock valued at $413,000 after purchasing an additional 65 shares during the last quarter. Utah Retirement Systems increased its holdings in shares of TripAdvisor by 0.5% in the first quarter. Utah Retirement Systems now owns 20,861 shares of the travel company’s stock valued at $900,000 after purchasing an additional 100 shares during the last quarter. Finally, Stevens Capital Management LP increased its holdings in shares of TripAdvisor by 0.3% in the first quarter. Stevens Capital Management LP now owns 40,994 shares of the travel company’s stock valued at $1,769,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.
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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