TripAdvisor, Inc. (TRIP) Rating Reiterated by KeyCorp
TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “hold” rating restated by equities research analysts at KeyCorp in a research report issued on Wednesday.
A number of other equities research analysts also recently commented on TRIP. Credit Suisse Group AG downgraded TripAdvisor from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $40.00 to $34.00 in a report on Monday, June 19th. Zacks Investment Research raised TripAdvisor from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Cowen and Company reaffirmed a “sell” rating and set a $40.00 target price on shares of TripAdvisor in a report on Friday, July 14th. Wells Fargo & Company reaffirmed a “hold” rating on shares of TripAdvisor in a report on Thursday, July 27th. Finally, BidaskClub downgraded TripAdvisor from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Nine analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $42.83.
TripAdvisor (NASDAQ:TRIP) traded down 1.03% during midday trading on Wednesday, hitting $43.16. 253,929 shares of the stock traded hands. The company has a 50-day moving average of $42.68 and a 200-day moving average of $41.15. The stock has a market cap of $5.99 billion, a PE ratio of 65.30 and a beta of 2.38. TripAdvisor has a 12 month low of $35.34 and a 12 month high of $65.56.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.05). The business had revenue of $424.00 million during the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. TripAdvisor’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. On average, equities research analysts anticipate that TripAdvisor will post $1.13 earnings per share for the current year.
In other news, insider Dermot Halpin sold 12,859 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $39.09, for a total value of $502,658.31. Following the completion of the sale, the insider now directly owns 5,364 shares in the company, valued at $209,678.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.09% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. purchased a new stake in shares of TripAdvisor during the first quarter worth approximately $113,000. Nordea Investment Management AB increased its position in shares of TripAdvisor by 3.5% during the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock worth $198,000 after purchasing an additional 157 shares in the last quarter. KCG Holdings Inc. purchased a new stake in shares of TripAdvisor during the first quarter worth approximately $205,000. Raymond James Financial Services Advisors Inc. increased its position in shares of TripAdvisor by 7.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,303 shares of the travel company’s stock worth $229,000 after purchasing an additional 377 shares in the last quarter. Finally, BlueMountain Capital Management LLC purchased a new stake in shares of TripAdvisor during the second quarter worth approximately $242,000. Hedge funds and other institutional investors own 86.18% 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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