TripAdvisor, Inc. (TRIP) Given “Hold” Rating at Cowen and Company
Cowen and Company reiterated their hold rating on shares of TripAdvisor, Inc. (NASDAQ:TRIP) in a research report sent to investors on Tuesday. The brokerage currently has a $42.00 target price on the travel company’s stock.
Several other research analysts have also recently commented on the stock. ValuEngine upgraded shares of TripAdvisor from a sell rating to a hold rating in a research report on Wednesday, September 6th. Jefferies Group LLC lowered shares of TripAdvisor from a hold rating to an underperform rating and dropped their price objective for the company from $50.00 to $30.00 in a research note on Thursday, August 24th. SunTrust Banks, Inc. started coverage on shares of TripAdvisor in a research note on Tuesday, August 15th. They set a hold rating and a $44.00 price target on the stock. Susquehanna Bancshares Inc restated a neutral rating and set a $32.00 price target (down previously from $40.00) on shares of TripAdvisor in a research note on Thursday, August 10th. Finally, UBS AG restated a neutral rating and set a $43.00 price target (down previously from $50.00) on shares of TripAdvisor in a research note on Thursday, August 10th. Nine analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the stock. TripAdvisor presently has an average rating of Hold and a consensus price target of $43.44.
TripAdvisor (NASDAQ:TRIP) opened at 44.82 on Tuesday. TripAdvisor has a 12-month low of $35.34 and a 12-month high of $66.13. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 67.81 and a beta of 2.37. The company has a 50-day moving average price of $40.89 and a 200 day moving average price of $41.09.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.05). TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The business had revenue of $424.00 million for the quarter, compared to the consensus estimate of $421.66 million. During the same period in the prior year, the company earned $0.38 EPS. TripAdvisor’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities research analysts predict that TripAdvisor will post $1.15 EPS for the current year.
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In related news, insider Dermot Halpin sold 12,859 shares of TripAdvisor stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $39.09, for a total transaction of $502,658.31. Following the transaction, the insider now owns 5,364 shares of the company’s stock, valued at approximately $209,678.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.98% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Hosking Partners LLP boosted its stake in TripAdvisor by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 197,913 shares of the travel company’s stock worth $7,560,000 after acquiring an additional 3,178 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in TripAdvisor by 130.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 8,539 shares of the travel company’s stock worth $385,000 after acquiring an additional 4,827 shares during the last quarter. Bank of Nova Scotia bought a new position in TripAdvisor during the 1st quarter worth approximately $1,612,000. Soros Fund Management LLC lifted its stake in TripAdvisor by 1,269.2% in the first quarter. Soros Fund Management LLC now owns 249,280 shares of the travel company’s stock valued at $10,759,000 after buying an additional 231,074 shares in the last quarter. Finally, Ariel Investments LLC bought a new position in TripAdvisor in the first quarter valued at approximately $3,061,000. 86.39% of the stock is currently owned by institutional investors and hedge funds.
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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