Citigroup Inc. reiterated their neutral rating on shares of TripAdvisor, Inc. (NASDAQ:TRIP) in a research report sent to investors on Tuesday. The brokerage currently has a $41.00 price objective on the travel company’s stock, up from their previous price objective of $39.00.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of TripAdvisor from a sell rating to a hold rating in a research note on Tuesday, July 4th. Bank of America Corporation reiterated an underperform rating and issued a $30.00 price target (down previously from $35.00) on shares of TripAdvisor in a research note on Wednesday, August 9th. UBS AG reiterated a neutral rating and issued a $43.00 price target (down previously from $50.00) on shares of TripAdvisor in a research note on Thursday, August 10th. Susquehanna Bancshares Inc reiterated a neutral rating and issued a $32.00 price target (down previously from $40.00) on shares of TripAdvisor in a research note on Thursday, August 10th. Finally, Barclays PLC reiterated a hold rating and issued a $47.00 price target on shares of TripAdvisor in a research note on Wednesday, August 9th. Nine investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company. TripAdvisor currently has an average rating of Hold and a consensus target price of $42.83.

TripAdvisor (TRIP) traded down 4.59% on Tuesday, reaching $41.61. The company had a trading volume of 2,415,759 shares. The stock has a market capitalization of $5.77 billion, a PE ratio of 62.95 and a beta of 2.38. The stock’s 50 day moving average price is $42.75 and its 200-day moving average price is $41.15. TripAdvisor has a 12-month low of $35.34 and a 12-month high of $65.56.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.05). The company had revenue of $424.00 million during the quarter, compared to analysts’ expectations of $421.66 million. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. Equities analysts expect that TripAdvisor will post $1.13 earnings per share for the current fiscal year.

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In related news, insider Dermot Halpin sold 12,859 shares of the company’s stock in a transaction dated 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 directly owns 5,364 shares in the company, valued at approximately $209,678.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.09% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in TripAdvisor by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 10,758,105 shares of the travel company’s stock worth $410,959,000 after acquiring an additional 105,571 shares in the last quarter. BlackRock Inc. grew its stake in TripAdvisor by 23.9% in the 2nd quarter. BlackRock Inc. now owns 8,883,209 shares of the travel company’s stock worth $339,338,000 after acquiring an additional 1,713,523 shares in the last quarter. Bank of New York Mellon Corp grew its stake in TripAdvisor by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,926,007 shares of the travel company’s stock worth $188,176,000 after acquiring an additional 220,185 shares in the last quarter. State Street Corp grew its stake in TripAdvisor by 0.9% in the 1st quarter. State Street Corp now owns 4,767,474 shares of the travel company’s stock worth $205,767,000 after acquiring an additional 42,936 shares in the last quarter. Finally, Matrix Capital Management Company LP grew its stake in TripAdvisor by 152.3% in the 2nd quarter. Matrix Capital Management Company LP now owns 3,532,600 shares of the travel company’s stock worth $134,945,000 after acquiring an additional 2,132,600 shares in the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

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)

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