Tripadvisor Inc (TRIP) Receives “Market Perform” Rating from Cowen Inc
Cowen Inc reissued their market perform rating on shares of Tripadvisor Inc (NASDAQ:TRIP) in a report released on Monday morning. The firm currently has a $40.00 price target on the travel company’s stock, up from their prior price target of $30.00.
TRIP has been the topic of several other reports. ValuEngine upgraded Tripadvisor from a sell rating to a hold rating in a research note on Wednesday, September 6th. Zacks Investment Research lowered Tripadvisor from a hold rating to a sell rating in a research report on Tuesday, October 10th. Deutsche Bank AG decreased their price target on Tripadvisor from $40.00 to $37.00 and set a hold rating on the stock in a research report on Tuesday, October 24th. Jefferies Group LLC restated a sell rating and set a $27.00 price target on shares of Tripadvisor in a research report on Friday, November 10th. Finally, SunTrust Banks, Inc. restated a hold rating and set a $44.00 price target on shares of Tripadvisor in a research report on Thursday, October 12th. Eight research analysts have rated the stock with a sell rating and twenty have issued a hold rating to the company’s stock. Tripadvisor presently has a consensus rating of Hold and a consensus target price of $39.95.
Shares of Tripadvisor (NASDAQ TRIP) opened at $34.40 on Monday. Tripadvisor has a 12 month low of $29.50 and a 12 month high of $53.58. The firm has a market capitalization of $4,750.00, a P/E ratio of 49.52, a PEG ratio of 2.77 and a beta of 2.33. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.19.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data 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 7.24% and a net margin of 5.69%. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. During the same period in the prior year, the company posted $0.53 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. sell-side analysts predict that Tripadvisor will post 0.69 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of TRIP. Teachers Advisors LLC lifted its stake in shares of Tripadvisor by 5.4% in the 1st quarter. Teachers Advisors LLC now owns 132,304 shares of the travel company’s stock valued at $5,710,000 after purchasing an additional 6,830 shares during the period. KCG Holdings Inc. acquired a new stake in Tripadvisor during the 1st quarter worth $205,000. Bank of Montreal Can raised its stake in Tripadvisor by 20.6% during the 2nd quarter. Bank of Montreal Can now owns 49,999 shares of the travel company’s stock worth $1,909,000 after buying an additional 8,531 shares during the period. LS Investment Advisors LLC raised its stake in Tripadvisor by 30.0% during the 2nd quarter. LS Investment Advisors LLC now owns 7,599 shares of the travel company’s stock worth $290,000 after buying an additional 1,752 shares during the period. Finally, Aperio Group LLC raised its stake in Tripadvisor by 34.4% during the 2nd quarter. Aperio Group LLC now owns 28,714 shares of the travel company’s stock worth $1,097,000 after buying an additional 7,355 shares during the period. 90.32% of the stock is currently owned by institutional investors.
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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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