KeyCorp Reaffirms “Hold” Rating for TripAdvisor, Inc. (TRIP)
A number of other research analysts have also recently commented on TRIP. BidaskClub raised shares of TripAdvisor from a strong sell rating to a sell rating in a report on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a neutral rating and issued a $32.00 target price (down previously from $40.00) on shares of TripAdvisor in a report on Thursday, August 10th. Cowen and Company reissued a market perform rating and issued a $42.00 target price (up previously from $40.00) on shares of TripAdvisor in a report on Friday, August 11th. Stifel Nicolaus reissued a hold rating and issued a $40.00 target price (down previously from $45.00) on shares of TripAdvisor in a report on Thursday, August 10th. Finally, Citigroup Inc. reissued a neutral rating and issued a $41.00 target price (up previously from $39.00) on shares of TripAdvisor in a report on Tuesday, October 3rd. Nine research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has issued a buy rating to the company. TripAdvisor has a consensus rating of Hold and an average price target of $42.83.
TripAdvisor (NASDAQ TRIP) traded down 4.59% during midday trading on Wednesday, reaching $41.61. 2,415,759 shares of the company’s stock traded hands. The stock has a 50-day moving average of $42.75 and a 200 day moving average of $41.15. The company has a market cap of $5.77 billion, a P/E ratio of 62.95 and a beta of 2.38. TripAdvisor has a 52-week low of $35.34 and a 52-week high of $65.56.
TripAdvisor (NASDAQ:TRIP) last posted its earnings results 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 company had revenue of $424.00 million during the quarter, compared to the consensus estimate of $421.66 million. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $0.38 EPS. On average, analysts anticipate that TripAdvisor will post $1.13 earnings per share for the current fiscal year.
In other TripAdvisor news, insider Dermot Halpin sold 12,859 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were 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 of the company’s stock, valued at approximately $209,678.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.09% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. acquired a new stake in shares of TripAdvisor during the 1st quarter worth approximately $113,000. Nordea Investment Management AB grew its position in shares of TripAdvisor by 3.5% during the 1st quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock worth $198,000 after buying an additional 157 shares during the period. KCG Holdings Inc. acquired a new stake in shares of TripAdvisor during the 1st quarter worth approximately $205,000. Raymond James Financial Services Advisors Inc. grew its position in shares of TripAdvisor by 7.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,303 shares of the travel company’s stock worth $229,000 after buying an additional 377 shares during the period. Finally, BlueMountain Capital Management LLC acquired a new stake in shares of TripAdvisor during the 2nd quarter worth approximately $242,000. 86.18% of the stock is owned by institutional investors and hedge funds.
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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