Evercore ISI started coverage on shares of Tripadvisor (NASDAQ:TRIP) in a research note published on Monday, MarketBeat Ratings reports. The brokerage issued an in-line rating and a $45.00 target price on the travel company’s stock.

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Tripadvisor from a strong-buy rating to a buy rating in a research report on Friday, August 3rd. ValuEngine lowered shares of Tripadvisor from a strong-buy rating to a buy rating in a research report on Thursday, August 2nd. Wedbush set a $48.00 price objective on shares of Tripadvisor and gave the company a hold rating in a research report on Sunday, August 5th. Stifel Nicolaus increased their price objective on shares of Tripadvisor from $42.00 to $48.00 and gave the company a hold rating in a research report on Friday, August 3rd. Finally, Needham & Company LLC raised shares of Tripadvisor from an underperform rating to a hold rating in a research report on Friday, August 3rd. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $47.12.

Shares of Tripadvisor stock opened at $47.16 on Monday. The company has a market capitalization of $7.02 billion, a P/E ratio of 98.25, a P/E/G ratio of 3.75 and a beta of 1.75. Tripadvisor has a 52 week low of $29.50 and a 52 week high of $62.36.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, August 1st. The travel company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.16. The firm had revenue of $433.00 million during the quarter, compared to analyst estimates of $434.86 million. Tripadvisor had a negative net margin of 1.40% and a positive return on equity of 4.36%. Tripadvisor’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $0.38 EPS. As a group, research analysts anticipate that Tripadvisor will post 0.81 earnings per share for the current fiscal year.

In related news, insider Noel Bertram Watson sold 726 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $53.71, for a total value of $38,993.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.10% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC increased its holdings in Tripadvisor by 10,215.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,960 shares of the travel company’s stock worth $119,000 after buying an additional 1,941 shares during the period. NumerixS Investment Technologies Inc acquired a new position in Tripadvisor in the 2nd quarter worth approximately $133,000. Tower Research Capital LLC TRC increased its holdings in Tripadvisor by 72.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock worth $152,000 after buying an additional 1,147 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Tripadvisor by 200.0% in the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,000 shares of the travel company’s stock worth $167,000 after buying an additional 2,000 shares during the period. Finally, Advisors Preferred LLC acquired a new position in Tripadvisor in the 2nd quarter worth approximately $175,000. Institutional investors own 87.85% of the company’s stock.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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