TripAdvisor, Inc. (NASDAQ:TRIP) Receives Neutral Rating from UBS AG
TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “neutral” rating restated by analysts at UBS AG in a research note issued to investors on Thursday, www.flashratings.com reports. They currently have a $43.00 target price on the travel company’s stock, down from their prior target price of $50.00. UBS AG’s price objective suggests a potential upside of 8.31% from the company’s current price.
TRIP has been the subject of several other reports. Zacks Investment Research downgraded TripAdvisor from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. ValuEngine downgraded TripAdvisor from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Cowen and Company raised TripAdvisor from an “underperform” rating to a “market perform” rating and set a $35.00 price target for the company in a report on Wednesday, July 19th. BidaskClub downgraded TripAdvisor from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Vetr downgraded TripAdvisor from a “buy” rating to a “hold” rating and set a $42.29 price target for the company. in a report on Monday, April 17th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $45.76.
TripAdvisor (TRIP) traded down 2.05% during trading on Thursday, hitting $39.71. 7,591,692 shares of the stock traded hands. The stock has a market cap of $5.51 billion, a P/E ratio of 57.38 and a beta of 2.36. The firm’s 50-day moving average is $37.91 and its 200-day moving average is $42.53. TripAdvisor has a 12 month low of $35.34 and a 12 month high of $66.13. TripAdvisor also was the recipient of unusually large options trading on Tuesday. Stock investors acquired 12,124 put options on the stock. This is an increase of 753% compared to the typical volume of 1,421 put options.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. TripAdvisor had a return on equity of 8.43% and a net margin of 6.26%. The company had revenue of $424 million for the quarter, compared to analyst estimates of $421.66 million. During the same period in the prior year, the business earned $0.38 earnings per share. TripAdvisor’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts forecast that TripAdvisor will post $1.15 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC boosted its position in shares of TripAdvisor by 11.9% in the first quarter. Profund Advisors LLC now owns 42,933 shares of the travel company’s stock worth $1,853,000 after buying an additional 4,555 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of TripAdvisor by 130.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 8,539 shares of the travel company’s stock worth $385,000 after buying an additional 4,827 shares in the last quarter. Bank of Nova Scotia purchased a new position in shares of TripAdvisor during the first quarter worth $1,612,000. Soros Fund Management LLC boosted its position in shares of TripAdvisor by 1,269.2% in the first quarter. Soros Fund Management LLC now owns 249,280 shares of the travel company’s stock worth $10,759,000 after buying an additional 231,074 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in shares of TripAdvisor by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 34,810 shares of the travel company’s stock worth $1,502,000 after buying an additional 300 shares in the last quarter. 89.06% of the stock is owned by 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.
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