Analysts at SunTrust Banks, Inc. started coverage on shares of TripAdvisor, Inc. (NASDAQ:TRIP) in a research report issued on Tuesday, The Fly reports. The brokerage set a “hold” rating on the travel company’s stock.

Several other analysts have also weighed in on TRIP. BidaskClub upgraded TripAdvisor from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $32.00 price objective (down previously from $40.00) on shares of TripAdvisor in a report on Thursday, August 10th. Cowen and Company restated a “market perform” rating and issued a $42.00 price objective (up previously from $40.00) on shares of TripAdvisor in a report on Friday. UBS AG restated a “neutral” rating and issued a $43.00 price objective (down previously from $50.00) on shares of TripAdvisor in a report on Thursday, August 10th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $40.00 price objective (down previously from $45.00) on shares of TripAdvisor in a report on Thursday, August 10th. Nine research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $44.82.

Shares of TripAdvisor (NASDAQ TRIP) traded down 1.98% on Tuesday, hitting $40.66. The stock had a trading volume of 3,074,883 shares. TripAdvisor has a 12-month low of $35.34 and a 12-month high of $66.13. The firm has a market cap of $5.64 billion, a P/E ratio of 61.51 and a beta of 2.36. The company’s 50-day moving average price is $38.45 and its 200 day moving average price is $42.14.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.05. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The business had revenue of $424 million for the quarter, compared to analyst estimates of $421.66 million. During the same quarter last year, the firm posted $0.38 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts forecast that TripAdvisor will post $1.15 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position 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 buying an additional 105,571 shares during the last quarter. BlackRock Inc. raised its position in shares of 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 buying an additional 1,713,523 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of 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 buying an additional 220,185 shares during the last quarter. State Street Corp raised its position in shares of TripAdvisor by 0.9% in the first quarter. State Street Corp now owns 4,767,474 shares of the travel company’s stock valued at $205,767,000 after buying an additional 42,936 shares during the last quarter. Finally, Matrix Capital Management Company LP raised its position in shares of 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 buying an additional 2,132,600 shares during the last quarter. 90.70% of the stock is currently owned by hedge funds and other institutional investors.

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.

The Fly

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

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