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.

ILLEGAL ACTIVITY NOTICE: “TripAdvisor, Inc. (TRIP) Given “Hold” Rating at Cowen and Company” was published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/tripadvisor-inc-trip-given-hold-rating-at-cowen-and-company/1558768.html.

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.

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.

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

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.