Brokerages Set TripAdvisor, Inc. (TRIP) Target Price at $38.67
TripAdvisor, Inc. (NASDAQ:TRIP) has received an average rating of “Hold” from the twenty-eight brokerages that are presently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a sell recommendation and twenty have given a hold recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $38.67.
TRIP has been the topic of several analyst reports. Wells Fargo & Company reissued a “hold” rating on shares of TripAdvisor in a research note on Thursday, July 27th. Zacks Investment Research raised TripAdvisor from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub lowered TripAdvisor from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Stifel Nicolaus reissued a “hold” rating on shares of TripAdvisor in a research note on Friday, July 28th. Finally, Barclays PLC cut their target price on TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Monday, August 7th.
Hedge funds have recently bought and sold shares of the business. FNY Managed Accounts LLC bought a new position in TripAdvisor in the third quarter valued at approximately $101,000. KCG Holdings Inc. bought a new position in TripAdvisor in the first quarter valued at approximately $205,000. D.A. Davidson & CO. grew its stake in TripAdvisor by 957.0% in the third quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock valued at $229,000 after purchasing an additional 5,120 shares in the last quarter. BlueMountain Capital Management LLC bought a new position in TripAdvisor in the second quarter valued at approximately $242,000. Finally, Cutter & CO Brokerage Inc. grew its stake in 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 in the last quarter. Hedge funds and other institutional investors own 90.32% of the company’s stock.
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TripAdvisor (NASDAQ:TRIP) traded up $0.26 during trading hours on Thursday, reaching $30.59. The company’s stock had a trading volume of 3,123,368 shares, compared to its average volume of 5,635,009. TripAdvisor has a 1 year low of $29.50 and a 1 year high of $53.58. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4,248.28, a price-to-earnings ratio of 44.33, a price-to-earnings-growth ratio of 2.48 and a beta of 2.33.
TripAdvisor (NASDAQ:TRIP) last released its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. TripAdvisor had a return on equity of 6.81% and a net margin of 4.26%. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. sell-side analysts expect that TripAdvisor will post 0.69 EPS for the current year.
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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