TripAdvisor’s (TRIP) “Market Perform” Rating Reiterated at Raymond James Financial, Inc.
TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “market perform” rating reissued by stock analysts at Raymond James Financial, Inc. in a research report issued on Tuesday.
A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Bank of America Corporation reissued an “underperform” rating and issued a $30.00 target price (down previously from $35.00) on shares of TripAdvisor in a research report on Wednesday, August 9th. UBS AG reaffirmed a “neutral” rating and set a $43.00 price objective (down previously from $50.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $32.00 price objective (down previously from $40.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $47.00 price objective on shares of TripAdvisor in a research report on Wednesday, August 9th. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.44.
TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Tuesday, August 8th. The travel company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). The business had revenue of $424.00 million during the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. TripAdvisor’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $0.38 earnings per share.
In related news, insider Dermot Halpin sold 12,859 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $39.09, for a total value of $502,658.31. Following the completion of the sale, the insider now owns 5,364 shares in the company, valued at approximately $209,678.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.09% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in TRIP. BlackRock Inc. lifted its position in TripAdvisor by 1,932.9% in the 1st quarter. BlackRock Inc. now owns 7,169,686 shares of the travel company’s stock worth $309,444,000 after buying an additional 6,817,010 shares during the last quarter. SRS Investment Management LLC bought a new stake in TripAdvisor in the 1st quarter worth approximately $125,824,000. Matrix Capital Management Company LP lifted its position in TripAdvisor by 152.3% in the 2nd quarter. Matrix Capital Management Company LP now owns 3,532,600 shares of the travel company’s stock worth $134,945,000 after buying an additional 2,132,600 shares during the last quarter. Contrarius Investment Management Ltd bought a new stake in TripAdvisor in the 2nd quarter worth approximately $38,084,000. Finally, FIL Ltd lifted its position in TripAdvisor by 45.4% in the 2nd quarter. FIL Ltd now owns 1,678,180 shares of the travel company’s stock worth $64,106,000 after buying an additional 523,769 shares during the last quarter. Institutional investors own 86.18% 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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