Tripadvisor (TRIP) Downgraded by ValuEngine to “Sell”
ValuEngine downgraded shares of Tripadvisor (NASDAQ:TRIP) from a hold rating to a sell rating in a report issued on Thursday.
Several other research firms also recently commented on TRIP. Zacks Investment Research raised shares of Tripadvisor from a sell rating to a hold rating in a research note on Wednesday, February 21st. Barclays reaffirmed an equal weight rating and issued a $41.00 price target (up previously from $35.00) on shares of Tripadvisor in a research note on Friday, February 16th. BidaskClub raised shares of Tripadvisor from a sell rating to a hold rating in a research note on Friday, February 16th. Royal Bank of Canada reaffirmed a hold rating and issued a $45.00 price target on shares of Tripadvisor in a research note on Friday, February 16th. Finally, SunTrust Banks reaffirmed a hold rating on shares of Tripadvisor in a research note on Friday, February 16th. Seven research analysts have rated the stock with a sell rating and seventeen have given a hold rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $40.06.
Tripadvisor (NASDAQ:TRIP) traded up $0.01 during mid-day trading on Thursday, reaching $39.70. 49,133 shares of the company traded hands, compared to its average volume of 3,640,736. The stock has a market cap of $5,516.19, a P/E ratio of -283.48, a PEG ratio of 4.21 and a beta of 1.95. Tripadvisor has a 52 week low of $29.50 and a 52 week high of $50.95. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.17.
Tripadvisor declared that its board has approved a share repurchase plan on Wednesday, February 14th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the travel company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
In other news, insider Dermot Halpin sold 26,313 shares of Tripadvisor stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total value of $1,118,039.37. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Ernst 02494 Teunissen sold 9,457 shares of Tripadvisor stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total transaction of $378,280.00. Following the completion of the transaction, the chief financial officer now directly owns 13,866 shares in the company, valued at approximately $554,640. The disclosure for this sale can be found here. Insiders have sold a total of 36,116 shares of company stock worth $1,508,256 in the last three months. Insiders own 1.09% of the company’s stock.
Institutional investors have recently modified their holdings of the company. FNY Managed Accounts LLC purchased a new position in shares of Tripadvisor in the 3rd quarter worth approximately $101,000. SeaCrest Wealth Management LLC purchased a new position in shares of Tripadvisor in the 4th quarter worth approximately $104,000. NuWave Investment Management LLC purchased a new position in shares of Tripadvisor in the 4th quarter worth approximately $116,000. Steward Partners Investment Advisory LLC grew its position in shares of Tripadvisor by 164.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock worth $168,000 after buying an additional 3,037 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Tripadvisor in the 4th quarter worth approximately $180,000. 88.74% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.