Tripadvisor (TRIP) Now Covered by Mizuho
Research analysts at Mizuho initiated coverage on shares of Tripadvisor (NASDAQ:TRIP) in a report issued on Wednesday. The firm set a “neutral” rating and a $40.00 price target on the travel company’s stock. Mizuho’s price objective would suggest a potential downside of 0.27% from the stock’s current price.
A number of other research analysts have also recently issued reports on the company. Cowen reaffirmed a “market perform” rating and issued a $40.00 price target (up from $30.00) on shares of Tripadvisor in a report on Monday, November 27th. ValuEngine cut Tripadvisor from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research cut Tripadvisor from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub cut Tripadvisor from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Tripadvisor in a report on Sunday, December 17th. Seven research analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $40.05.
TRIP stock opened at $40.11 on Wednesday. The stock has a market capitalization of $5,806.67, a price-to-earnings ratio of -286.48, a price-to-earnings-growth ratio of 4.44 and a beta of 1.95. Tripadvisor has a twelve month low of $29.50 and a twelve month high of $50.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.67 and a current ratio of 2.67.
Tripadvisor announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 14th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the travel company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 13,866 shares of the company’s stock, valued at approximately $554,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dermot Halpin sold 26,313 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $42.49, for a total value of $1,118,039.37. The disclosure for this sale can be found here. Insiders own 1.09% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB grew its position in shares of Tripadvisor by 10.7% during the 4th quarter. Xact Kapitalforvaltning AB now owns 21,892 shares of the travel company’s stock worth $754,000 after buying an additional 2,119 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Tripadvisor by 17,655.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,598 shares of the travel company’s stock worth $192,000 after buying an additional 1,589 shares during the period. Disciplined Growth Investors Inc. MN grew its position in shares of Tripadvisor by 2.7% during the 4th quarter. Disciplined Growth Investors Inc. MN now owns 489,678 shares of the travel company’s stock worth $16,874,000 after buying an additional 13,101 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Tripadvisor during the 4th quarter worth about $1,156,000. Finally, Macquarie Group Ltd. grew its position in shares of Tripadvisor by 4.7% during the 4th quarter. Macquarie Group Ltd. now owns 2,731,365 shares of the travel company’s stock worth $94,403,000 after buying an additional 121,700 shares during the period. Institutional investors own 89.11% of the company’s stock.
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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