TripAdvisor, Inc. (TRIP) Stock Rating Reaffirmed by Stifel Nicolaus
Other equities analysts have also issued reports about the company. Hilliard Lyons raised TripAdvisor from a neutral rating to a buy rating and increased their price objective for the company from $45.00 to $65.00 in a report on Friday, May 12th. Zacks Investment Research raised TripAdvisor from a sell rating to a hold rating in a report on Monday, May 15th. Deutsche Bank AG cut their price target on TripAdvisor from $37.00 to $35.00 and set a hold rating for the company in a report on Thursday, May 11th. Cantor Fitzgerald reaffirmed a hold rating and issued a $54.00 price target on shares of TripAdvisor in a report on Wednesday, May 10th. Finally, Credit Suisse Group set a $45.00 price target on TripAdvisor and gave the stock a hold rating in a report on Tuesday, May 9th. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $48.17.
TripAdvisor (NASDAQ TRIP) opened at 39.02 on Friday. TripAdvisor has a one year low of $35.34 and a one year high of $70.37. The firm has a 50-day moving average price of $37.66 and a 200 day moving average price of $43.08. The firm has a market capitalization of $5.51 billion, a PE ratio of 54.88 and a beta of 2.35.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, May 9th. The travel company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.01. TripAdvisor had a net margin of 6.87% and a return on equity of 8.87%. The firm had revenue of $372 million for the quarter, compared to the consensus estimate of $376.67 million. During the same period last year, the company posted $0.33 earnings per share. TripAdvisor’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts anticipate that TripAdvisor will post $1.14 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC increased its stake in TripAdvisor by 11.9% in the first quarter. Profund Advisors LLC now owns 42,933 shares of the travel company’s stock worth $1,853,000 after buying an additional 4,555 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in TripAdvisor by 130.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 8,539 shares of the travel company’s stock worth $385,000 after buying an additional 4,827 shares during the last quarter. Soros Fund Management LLC increased its stake in TripAdvisor by 1,269.2% in the first quarter. Soros Fund Management LLC now owns 249,280 shares of the travel company’s stock worth $10,759,000 after buying an additional 231,074 shares during the last quarter. Bank of Nova Scotia purchased a new stake in TripAdvisor during the first quarter worth $1,612,000. Finally, Gulf International Bank UK Ltd increased its stake in TripAdvisor by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 34,810 shares of the travel company’s stock worth $1,502,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 89.37% 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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