TripAdvisor, Inc. (TRIP) Rating Reiterated by Susquehanna Bancshares Inc
TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “neutral” rating reiterated by Susquehanna Bancshares Inc in a report issued on Thursday. They presently have a $32.00 target price on the travel company’s stock, down from their prior target price of $40.00. Susquehanna Bancshares Inc’s price objective suggests a potential downside of 19.40% from the stock’s previous close.
Several other brokerages have also weighed in on TRIP. Royal Bank Of Canada reiterated a “hold” rating and issued a $47.00 price objective on shares of TripAdvisor in a research report on Monday. Zacks Investment Research upgraded TripAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Vetr lowered TripAdvisor from a “buy” rating to a “hold” rating and set a $42.29 price objective for the company. in a research report on Monday, April 17th. Credit Suisse Group lowered TripAdvisor from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $40.00 to $34.00 in a research report on Monday, June 19th. Finally, Barclays PLC lowered their price objective on TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating for the company in a research report on Monday. Nine analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $44.41.
TripAdvisor (NASDAQ TRIP) traded down 2.05% during trading on Thursday, reaching $39.71. The company had a trading volume of 7,591,692 shares. The company’s 50-day moving average is $37.91 and its 200 day moving average is $42.53. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 57.38 and a beta of 2.36. TripAdvisor has a 52 week low of $35.34 and a 52 week high of $66.13. TripAdvisor also saw unusually large options trading on Tuesday. Stock investors acquired 12,124 put options on the stock. This represents an increase of 753% compared to the average daily volume of 1,421 put options.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data 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 million during the quarter, compared to analysts’ expectations of $421.66 million. TripAdvisor had a return on equity of 8.43% and a net margin of 6.26%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. Equities analysts anticipate that TripAdvisor will post $1.15 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRIP. Vanguard Group Inc. raised its position in TripAdvisor by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,652,534 shares of the travel company’s stock valued at $459,763,000 after buying an additional 209,743 shares in the last quarter. BlackRock Inc. raised its position 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 buying an additional 1,713,523 shares in the last quarter. Bank of New York Mellon Corp raised its position 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 buying an additional 220,185 shares in the last quarter. State Street Corp raised its position in 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 in the last quarter. Finally, SRS Investment Management LLC purchased a new position in TripAdvisor during the first quarter valued at approximately $125,824,000. Institutional investors and hedge funds own 89.06% 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.
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