Tripadvisor (NASDAQ:TRIP) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday, ValuEngine reports.

A number of other analysts also recently weighed in on TRIP. Cleveland Research began coverage on Tripadvisor in a research report on Wednesday, June 19th. They issued a “neutral” rating for the company. BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th. Barclays restated a “buy” rating on shares of Ultragenyx Pharmaceutical in a research report on Thursday, May 9th. SunTrust Banks boosted their target price on Mid-America Apartment Communities to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, June 19th. They noted that the move was a valuation call. Finally, Guggenheim upgraded Tripadvisor from a “sell” rating to a “neutral” rating in a research report on Tuesday, May 21st. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $56.60.

Shares of NASDAQ TRIP traded down $0.72 during midday trading on Friday, hitting $45.23. 1,136,837 shares of the company’s stock were exchanged, compared to its average volume of 1,894,165. Tripadvisor has a 12-month low of $42.01 and a 12-month high of $69.00. The stock has a market capitalization of $6.29 billion, a P/E ratio of 43.08, a price-to-earnings-growth ratio of 2.59 and a beta of 1.37. The firm has a fifty day moving average price of $45.61.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, May 7th. The travel company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. The company had revenue of $376.00 million during the quarter, compared to the consensus estimate of $387.27 million. Tripadvisor had a return on equity of 10.24% and a net margin of 8.31%. Tripadvisor’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. Research analysts anticipate that Tripadvisor will post 1.32 earnings per share for the current year.

In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 8,117 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $45.60, for a total value of $370,135.20. Following the completion of the sale, the chief financial officer now owns 14,599 shares in the company, valued at $665,714.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in TRIP. Meridian Wealth Management LLC purchased a new position in shares of Tripadvisor during the first quarter valued at approximately $42,000. CSat Investment Advisory L.P. increased its stake in shares of Tripadvisor by 65.1% during the first quarter. CSat Investment Advisory L.P. now owns 1,083 shares of the travel company’s stock valued at $56,000 after buying an additional 427 shares during the period. Captrust Financial Advisors increased its stake in shares of Tripadvisor by 47.5% during the fourth quarter. Captrust Financial Advisors now owns 1,084 shares of the travel company’s stock valued at $58,000 after buying an additional 349 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of Tripadvisor by 19.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,130 shares of the travel company’s stock valued at $61,000 after buying an additional 186 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of Tripadvisor during the fourth quarter valued at approximately $151,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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