TripAdvisor’s (NASDAQ:TRIP) Hold Rating Reiterated at Wells Fargo & Company
Other equities analysts also recently issued reports about the stock. UBS AG reissued a neutral rating and set a $45.00 price target (down from $48.00) on shares of TripAdvisor in a report on Friday, April 14th. Zacks Investment Research raised shares of TripAdvisor from a sell rating to a hold rating in a report on Tuesday, July 4th. Stifel Nicolaus lifted their price target on shares of TripAdvisor from $37.00 to $40.00 and gave the company a hold rating in a report on Thursday, May 11th. Vetr downgraded shares of TripAdvisor from a hold rating to a sell rating and set a $41.00 price target for the company. in a report on Monday, April 24th. Finally, Cowen and Company reissued a sell rating and set a $40.00 price target on shares of TripAdvisor in a report on Friday, July 14th. 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’s stock. The company currently has a consensus rating of Hold and a consensus price target of $48.17.
Shares of TripAdvisor (TRIP) opened at 39.38 on Thursday. TripAdvisor has a 52 week low of $35.34 and a 52 week high of $70.70. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 55.39 and a beta of 2.35. The firm has a 50 day moving average of $37.62 and a 200 day moving average of $43.30.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, May 9th. The travel company reported $0.16 earnings per share (EPS) 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 in the prior year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts predict that TripAdvisor will post $1.14 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of TRIP. DnB Asset Management AS acquired a new stake in TripAdvisor during the first quarter worth $15,645,000. CWM LLC increased its stake in TripAdvisor by 35.1% in the first quarter. CWM LLC now owns 50,766 shares of the travel company’s stock worth $2,191,000 after buying an additional 13,194 shares during the period. Bank of Montreal Can increased its stake in TripAdvisor by 8.5% in the first quarter. Bank of Montreal Can now owns 41,468 shares of the travel company’s stock worth $1,790,000 after buying an additional 3,237 shares during the period. DAVENPORT & Co LLC increased its stake in TripAdvisor by 16.3% in the first quarter. DAVENPORT & Co LLC now owns 831,725 shares of the travel company’s stock worth $37,375,000 after buying an additional 116,455 shares during the period. 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 period. 89.37% of the stock is owned by institutional investors and hedge funds.
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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