Investors sold shares of TripAdvisor, Inc. (NASDAQ:TRIP) on strength during trading on Thursday. $39.90 million flowed into the stock on the tick-up and $56.93 million flowed out of the stock on the tick-down, for a money net flow of $17.03 million out of the stock. Of all companies tracked, TripAdvisor had the 0th highest net out-flow for the day. TripAdvisor traded up $1.38 for the day and closed at $34.19

Several brokerages have recently issued reports on TRIP. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $32.00 target price (down previously from $40.00) on shares of TripAdvisor in a research report on Thursday, August 10th. UBS AG reiterated a “neutral” rating and issued a $43.00 target price (down previously from $50.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Bank of America Corporation reiterated an “underperform” rating and issued a $30.00 target price (down previously from $35.00) on shares of TripAdvisor in a research report on Wednesday, August 9th. SunTrust Banks, Inc. began coverage on shares of TripAdvisor in a research report on Tuesday, August 15th. They issued a “hold” rating and a $44.00 target price on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $40.00 target price (down previously from $45.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Eight research analysts have rated the stock with a sell rating and twenty have given a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $40.05.

The stock has a market capitalization of $4,748.24, a P/E ratio of 49.55, a PEG ratio of 2.77 and a beta of 2.33. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $451.27 million. TripAdvisor had a net margin of 4.26% and a return on equity of 6.81%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. research analysts expect that TripAdvisor, Inc. will post 0.69 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in TRIP. Neuberger Berman Group LLC acquired a new position in shares of TripAdvisor in the second quarter valued at approximately $19,979,000. Hosking Partners LLP grew its holdings in shares of TripAdvisor by 1.6% in the second quarter. Hosking Partners LLP now owns 197,913 shares of the travel company’s stock valued at $7,560,000 after purchasing an additional 3,178 shares in the last quarter. Federated Investors Inc. PA grew its holdings in shares of TripAdvisor by 1,052.0% in the second quarter. Federated Investors Inc. PA now owns 26,760 shares of the travel company’s stock valued at $1,022,000 after purchasing an additional 24,437 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in shares of TripAdvisor by 22.7% in the second quarter. State of Wisconsin Investment Board now owns 90,133 shares of the travel company’s stock valued at $3,443,000 after purchasing an additional 16,670 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of TripAdvisor by 12,501.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,377,381 shares of the travel company’s stock valued at $55,825,000 after purchasing an additional 1,366,451 shares in the last quarter. 90.32% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Traders Sell TripAdvisor, Inc. (TRIP) on Strength (TRIP)” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/traders-sell-tripadvisor-inc-trip-on-strength-trip/1725453.html.

About TripAdvisor

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.

Receive News & Ratings for TripAdvisor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TripAdvisor Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.