SunTrust Banks, Inc. Reaffirms “Hold” Rating for TripAdvisor, Inc. (TRIP)
SunTrust Banks, Inc. restated their hold rating on shares of TripAdvisor, Inc. (NASDAQ:TRIP) in a report released on Thursday. They currently have a $44.00 price objective on the travel company’s stock.
Several other equities analysts have also recently weighed in on TRIP. BidaskClub raised shares of TripAdvisor from a strong sell rating to a sell rating in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a neutral rating and issued a $32.00 target price (down from $40.00) on shares of TripAdvisor in a research note on Thursday, August 10th. Cowen and Company reissued a market perform rating and issued a $42.00 target price (up from $40.00) on shares of TripAdvisor in a research note on Friday, August 11th. Stifel Nicolaus reissued a hold rating and issued a $40.00 target price (down from $45.00) on shares of TripAdvisor in a research note on Thursday, August 10th. Finally, KeyCorp reissued a hold rating on shares of TripAdvisor in a research note on Wednesday, October 4th. Nine investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the stock. TripAdvisor has an average rating of Hold and a consensus target price of $42.83.
Shares of TripAdvisor (NASDAQ:TRIP) opened at 39.40 on Thursday. The firm has a market capitalization of $5.47 billion, a PE ratio of 59.61 and a beta of 2.38. The stock has a 50 day moving average of $42.67 and a 200-day moving average of $41.05. TripAdvisor has a 52 week low of $35.34 and a 52 week high of $65.56.
TripAdvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.05). TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The firm had revenue of $424.00 million during the quarter, compared to the consensus estimate of $421.66 million. During the same period in the prior year, the business posted $0.38 earnings per share. TripAdvisor’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities analysts anticipate that TripAdvisor will post $1.14 earnings per share for the current fiscal year.
In related news, insider Dermot Halpin sold 12,859 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $39.09, for a total value of $502,658.31. Following the transaction, the insider now owns 5,364 shares in the company, valued at $209,678.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.09% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new position in shares of TripAdvisor in the first quarter worth $113,000. Nordea Investment Management AB increased its position 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 worth $198,000 after purchasing an additional 157 shares during the period. KCG Holdings Inc. bought a new position in shares of TripAdvisor in the first quarter worth $205,000. Raymond James Financial Services Advisors Inc. increased its position in shares of TripAdvisor by 7.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,303 shares of the travel company’s stock worth $229,000 after purchasing an additional 377 shares during the period. Finally, BlueMountain Capital Management LLC bought a new position in shares of TripAdvisor in the second quarter worth $242,000. Institutional investors own 86.18% of the company’s stock.
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.
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