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.

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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.

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.

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

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