TripAdvisor, Inc. (TRIP) Given New $28.00 Price Target at Susquehanna Bancshares Inc
TripAdvisor, Inc. (NASDAQ:TRIP) had its price objective reduced by Susquehanna Bancshares Inc from $32.00 to $28.00 in a research report sent to investors on Tuesday. Susquehanna Bancshares Inc currently has a neutral rating on the travel company’s stock.
Several other equities research analysts also recently weighed in on the stock. Royal Bank Of Canada reaffirmed a hold rating and issued a $38.00 price target on shares of TripAdvisor in a research note on Friday, November 3rd. Jefferies Group LLC reaffirmed a sell rating and issued a $35.00 price target on shares of TripAdvisor in a research note on Tuesday, October 31st. Deutsche Bank AG decreased their price target on shares of TripAdvisor from $40.00 to $37.00 and set a hold rating for the company in a research note on Tuesday, October 24th. SunTrust Banks, Inc. reaffirmed a hold rating and issued a $44.00 price target on shares of TripAdvisor in a research note on Thursday, October 12th. Finally, Zacks Investment Research downgraded shares of TripAdvisor from a hold rating to a sell rating in a research note on Tuesday, October 10th. Nine analysts have rated the stock with a sell rating and nineteen have given a hold rating to the company. TripAdvisor has a consensus rating of Hold and an average target price of $40.26.
TripAdvisor (NASDAQ TRIP) opened at $31.19 on Tuesday. TripAdvisor has a 52 week low of $29.79 and a 52 week high of $53.58. The firm has a market cap of $4,378.98, a price-to-earnings ratio of 45.74, a P/E/G ratio of 2.35 and a beta of 2.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.90 and a current ratio of 2.47.
TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. TripAdvisor had a net margin of 4.26% and a return on equity of 6.81%. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $451.27 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. analysts expect that TripAdvisor will post 0.68 EPS for the current fiscal year.
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In other TripAdvisor news, insider Dermot Halpin sold 12,859 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $39.09, for a total value of $502,658.31. Following the transaction, the insider now directly owns 5,364 shares in the company, valued at $209,678.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.09% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in TripAdvisor by 1.0% in the second quarter. Vanguard Group Inc. now owns 10,758,105 shares of the travel company’s stock valued at $410,959,000 after acquiring an additional 105,571 shares during the last quarter. BlackRock Inc. boosted its stake in TripAdvisor by 23.9% in the second quarter. BlackRock Inc. now owns 8,883,209 shares of the travel company’s stock valued at $339,338,000 after acquiring an additional 1,713,523 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in TripAdvisor by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 4,926,007 shares of the travel company’s stock valued at $188,176,000 after acquiring an additional 220,185 shares during the last quarter. Matrix Capital Management Company LP boosted its stake in TripAdvisor by 152.3% in the second quarter. Matrix Capital Management Company LP now owns 3,532,600 shares of the travel company’s stock valued at $134,945,000 after acquiring an additional 2,132,600 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its stake in TripAdvisor by 8.5% in the third quarter. Macquarie Group Ltd. now owns 2,609,665 shares of the travel company’s stock valued at $105,770,000 after acquiring an additional 204,113 shares during the last quarter. Hedge funds and other institutional investors own 87.57% of the company’s stock.
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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