Cowen and Company upgraded shares of TripAdvisor, Inc. (NASDAQ:TRIP) from an underperform rating to a market perform rating in a report published on Wednesday morning. Cowen and Company currently has $35.00 price objective on the travel company’s stock.

Other research analysts also recently issued research reports about the company. Hilliard Lyons upgraded TripAdvisor from a neutral rating to a buy rating and upped their price objective for the company from $45.00 to $65.00 in a research note on Friday, May 12th. Zacks Investment Research upgraded TripAdvisor from a sell rating to a hold rating in a research note on Monday, May 15th. Deutsche Bank AG reduced their price objective on TripAdvisor from $37.00 to $35.00 and set a hold rating for the company in a research note on Thursday, May 11th. Stifel Nicolaus upped their price objective on TripAdvisor from $37.00 to $40.00 and gave the company a hold rating in a research note on Thursday, May 11th. Finally, Cantor Fitzgerald reaffirmed a hold rating and set a $54.00 price target on shares of TripAdvisor in a research report on Wednesday, May 10th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the company. TripAdvisor presently has an average rating of Hold and a consensus price target of $48.17.

Shares of TripAdvisor (TRIP) opened at 37.54 on Wednesday. The firm’s 50-day moving average price is $37.62 and its 200 day moving average price is $43.73. TripAdvisor has a one year low of $35.34 and a one year high of $71.69. The firm has a market cap of $5.30 billion, a P/E ratio of 52.80 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $372 million during the quarter, compared to the consensus estimate of $376.67 million. TripAdvisor had a net margin of 6.87% and a return on equity of 8.87%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. Analysts predict that TripAdvisor will post $1.15 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This article was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://www.watchlistnews.com/tripadvisor-inc-trip-upgraded-to-market-perform-by-cowen-and-company/1456588.html.

A number of institutional investors have recently bought and sold shares of the company. Financial Architects Inc raised its position in TripAdvisor by 31.8% in the second quarter. Financial Architects Inc now owns 10,030 shares of the travel company’s stock valued at $383,000 after buying an additional 2,420 shares during the last quarter. Malaga Cove Capital LLC raised its position in TripAdvisor by 94.7% in the second quarter. Malaga Cove Capital LLC now owns 45,706 shares of the travel company’s stock valued at $1,763,000 after buying an additional 22,228 shares during the last quarter. Aperio Group LLC raised its position in TripAdvisor by 34.4% in the second quarter. Aperio Group LLC now owns 28,714 shares of the travel company’s stock valued at $1,097,000 after buying an additional 7,355 shares during the last quarter. LS Investment Advisors LLC raised its position in TripAdvisor by 30.0% in the second quarter. LS Investment Advisors LLC now owns 7,599 shares of the travel company’s stock valued at $290,000 after buying an additional 1,752 shares during the last quarter. Finally, Marathon Asset Management LLP raised its position in TripAdvisor by 178.0% in the second quarter. Marathon Asset Management LLP now owns 344,820 shares of the travel company’s stock valued at $13,172,000 after buying an additional 220,794 shares during the last quarter. Institutional investors and hedge funds own 89.29% 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.

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

Receive News & Ratings for TripAdvisor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TripAdvisor Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.