TripAdvisor, Inc. (TRIP) Given “Neutral” Rating at Citigroup Inc.
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.
ILLEGAL ACTIVITY NOTICE: “TripAdvisor, Inc. (TRIP) Given “Neutral” Rating at Citigroup Inc.” was published by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.watchlistnews.com/tripadvisor-inc-trip-given-neutral-rating-at-citigroup-inc/1615514.html.
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.
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.