Tripadvisor (TRIP) Lowered to Sell at BidaskClub
BidaskClub lowered shares of Tripadvisor (NASDAQ:TRIP) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.
Other analysts have also issued research reports about the company. Zacks Investment Research upgraded Tripadvisor from a sell rating to a buy rating and set a $39.00 target price for the company in a report on Thursday, January 11th. Barclays reduced their target price on Tripadvisor from $45.00 to $35.00 and set an equal weight rating for the company in a report on Wednesday, November 8th. Stifel Nicolaus reduced their target price on Tripadvisor from $40.00 to $32.00 and set a hold rating for the company in a report on Wednesday, November 8th. Royal Bank of Canada restated a hold rating and issued a $38.00 target price on shares of Tripadvisor in a report on Friday, November 3rd. Finally, Oppenheimer reaffirmed a hold rating on shares of Tripadvisor in a research note on Sunday, December 17th. Seven investment analysts have rated the stock with a sell rating and seventeen have assigned a hold rating to the stock. Tripadvisor has a consensus rating of Hold and an average price target of $40.06.
Shares of Tripadvisor (TRIP) opened at $39.69 on Thursday. The stock has a market capitalization of $5,514.57, a price-to-earnings ratio of -283.48, a PEG ratio of 4.21 and a beta of 1.95. Tripadvisor has a 1-year low of $29.50 and a 1-year high of $50.95. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.17.
Tripadvisor declared that its board has approved a stock buyback program on Wednesday, February 14th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the travel company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total transaction of $378,280.00. Following the transaction, the chief financial officer now directly owns 13,866 shares of the company’s stock, valued at $554,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dermot Halpin sold 26,313 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $42.49, for a total transaction of $1,118,039.37. The disclosure for this sale can be found here. Insiders have sold 36,116 shares of company stock worth $1,508,256 over the last three months. Company insiders own 1.09% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Global Thematic Partners LLC increased its position in Tripadvisor by 33.3% during the fourth quarter. Global Thematic Partners LLC now owns 890,889 shares of the travel company’s stock worth $30,700,000 after buying an additional 222,410 shares during the last quarter. Atlantic Trust Group LLC grew its position in shares of Tripadvisor by 8.0% in the third quarter. Atlantic Trust Group LLC now owns 53,888 shares of the travel company’s stock valued at $2,184,000 after purchasing an additional 4,013 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Tripadvisor by 66.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,443 shares of the travel company’s stock valued at $550,000 after purchasing an additional 5,356 shares during the last quarter. Marathon Asset Management LLP grew its position in shares of Tripadvisor by 1.6% in the fourth quarter. Marathon Asset Management LLP now owns 343,919 shares of the travel company’s stock valued at $11,851,000 after purchasing an additional 5,374 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Tripadvisor by 194.1% in the third quarter. Daiwa Securities Group Inc. now owns 46,906 shares of the travel company’s stock valued at $1,901,000 after purchasing an additional 30,956 shares during the last quarter. 79.63% of the stock is currently owned by hedge funds and other institutional investors.
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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