TripAdvisor, Inc. (TRIP) Rating Increased to Hold at Zacks Investment Research
TripAdvisor, Inc. (NASDAQ:TRIP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
According to Zacks, “TripAdvisor is one of the largest online travel research companies in the world. The company's third-quarter results were driven by growth in its Display-based and Non-Hotel segment revenues. However, increasing investments continue to be a concern. On a year-to-date basis, the stock has underperformed the Industry to which it belongs to. However, the secular growth trend in the online travel space, the company’s solid fundamentals, growth initiatives, partnerships to boost hotel bookings, strong focus on developing its mobile products, expansion into the international restaurant reservation space and improvement in user growth and engagement, especially related to mobile devices are likely to help the company to achieve desired results. Macro headwinds, increasing competition and uncertainty regarding the timeline for recovery of investments remain overhangs.”
A number of other research analysts also recently commented on TRIP. Wells Fargo & Company reaffirmed a “hold” rating on shares of TripAdvisor in a research report on Thursday, July 27th. BidaskClub downgraded shares of TripAdvisor from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating on shares of TripAdvisor in a research report on Friday, July 28th. Barclays PLC lowered their price objective on shares of TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday, August 7th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $47.00 price objective on shares of TripAdvisor in a research report on Monday, August 7th. Eight equities research analysts have rated the stock with a sell rating and twenty have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $40.05.
Shares of TripAdvisor (TRIP) traded up $0.26 on Friday, reaching $30.59. 3,123,368 shares of the company were exchanged, compared to its average volume of 5,551,021. TripAdvisor has a 52-week low of $29.50 and a 52-week high of $53.58. The stock has a market capitalization of $4,248.28, a P/E ratio of 44.33, a PEG ratio of 2.48 and a beta of 2.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, meeting the Zacks’ 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 for 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 firm’s revenue was up 4.3% on a year-over-year basis. equities analysts predict that TripAdvisor will post 0.69 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC acquired a new position in TripAdvisor during the 2nd quarter valued at $19,979,000. Hosking Partners LLP raised 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 valued at $7,560,000 after purchasing an additional 3,178 shares during the last quarter. Federated Investors Inc. PA raised its stake in TripAdvisor by 1,052.0% during the 2nd quarter. Federated Investors Inc. PA now owns 26,760 shares of the travel company’s stock valued at $1,022,000 after purchasing an additional 24,437 shares during the last quarter. State of Wisconsin Investment Board raised its stake in TripAdvisor by 22.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 90,133 shares of the travel company’s stock valued at $3,443,000 after purchasing an additional 16,670 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in TripAdvisor during the 3rd quarter valued at $927,000. Hedge funds and other institutional investors own 87.38% 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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