TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “market perform” rating reissued by investment analysts at Cowen and Company in a research note issued on Friday. They presently have a $42.00 price target on the travel company’s stock, up from their prior price target of $40.00. Cowen and Company’s target price points to a potential upside of 5.79% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. UBS AG reissued a “neutral” rating and issued a $45.00 price target (down previously from $48.00) on shares of TripAdvisor in a research note on Friday, April 14th. Stifel Nicolaus reissued a “hold” rating and issued a $40.00 price target (down previously from $45.00) on shares of TripAdvisor in a research note on Thursday. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $32.00 price target (down previously from $40.00) on shares of TripAdvisor in a research note on Thursday. Zacks Investment Research raised TripAdvisor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Bank of America Corporation reissued an “underperform” rating and issued a $30.00 price target (down previously from $35.00) on shares of TripAdvisor in a research note on Wednesday. Nine analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $44.82.

TripAdvisor (NASDAQ:TRIP) traded up 4.56% during midday trading on Friday, reaching $41.52. The company’s stock had a trading volume of 2,222,245 shares. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 62.81 and a beta of 2.36. The company’s 50-day moving average price is $38.02 and its 200-day moving average price is $42.51. TripAdvisor has a 1-year low of $35.34 and a 1-year high of $66.13. TripAdvisor also saw unusually large options trading on Tuesday. Stock traders purchased 12,124 put options on the stock. This is an increase of approximately 753% compared to the average daily volume of 1,421 put options.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The business had revenue of $424 million during the quarter, compared to the consensus estimate of $421.66 million. During the same period in the previous year, the company posted $0.38 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts predict that TripAdvisor will post $1.15 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of TripAdvisor during the first quarter valued at about $113,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of TripAdvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock valued at $130,000 after buying an additional 201 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of TripAdvisor by 4.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,967 shares of the travel company’s stock valued at $171,000 after buying an additional 160 shares in the last quarter. Sphera Funds Management LTD. acquired a new stake in shares of TripAdvisor during the first quarter valued at about $173,000. Finally, Nordea Investment Management AB increased its stake in shares of TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after buying an additional 157 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

TripAdvisor Company Profile

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.

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

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