Tripadvisor (NASDAQ:TRIP) Now Covered by Evercore ISI

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Evercore ISI began coverage on shares of Tripadvisor (NASDAQ:TRIP) in a research report issued on Monday, October 15th, Marketbeat reports. The firm set an “in-line” rating and a $45.00 price target on the travel company’s stock. Evercore ISI’s target price would suggest a potential downside of 28.91% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. BidaskClub raised Tripadvisor from a “buy” rating to a “strong-buy” rating in a report on Friday, July 20th. ValuEngine raised Tripadvisor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 11th. Deutsche Bank lifted their price target on Tripadvisor from $50.00 to $53.00 and gave the company a “hold” rating in a report on Tuesday, July 31st. DA Davidson lifted their price target on Tripadvisor to $54.00 and gave the company a “neutral” rating in a report on Tuesday, July 10th. Finally, Barclays raised Tripadvisor from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $49.00 to $70.00 in a report on Wednesday, July 11th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $53.17.

Shares of Tripadvisor stock traded down $3.63 during midday trading on Monday, hitting $63.30. The company had a trading volume of 6,089,154 shares, compared to its average volume of 2,164,885. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 131.88, a PEG ratio of 4.57 and a beta of 1.48. Tripadvisor has a 1-year low of $29.50 and a 1-year high of $69.00.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, November 7th. The travel company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.48 by $0.24. The firm had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $469.09 million. Tripadvisor had a return on equity of 7.56% and a net margin of 1.38%. Tripadvisor’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $0.36 earnings per share. On average, analysts anticipate that Tripadvisor will post 0.83 earnings per share for the current year.

In related news, insider Noel Bertram Watson sold 726 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $53.71, for a total value of $38,993.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of TRIP. Zurich Insurance Group Ltd FI bought a new stake in Tripadvisor in the 2nd quarter valued at approximately $2,249,000. Stelliam Investment Management LP lifted its stake in Tripadvisor by 9.4% in the 2nd quarter. Stelliam Investment Management LP now owns 495,000 shares of the travel company’s stock valued at $27,576,000 after acquiring an additional 42,500 shares in the last quarter. Nomura Holdings Inc. lifted its stake in Tripadvisor by 186.9% in the 2nd quarter. Nomura Holdings Inc. now owns 250,548 shares of the travel company’s stock valued at $13,958,000 after acquiring an additional 163,209 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Tripadvisor by 72.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock valued at $152,000 after acquiring an additional 1,147 shares in the last quarter. Finally, Flinton Capital Management LLC lifted its stake in Tripadvisor by 31.3% in the 2nd quarter. Flinton Capital Management LLC now owns 9,520 shares of the travel company’s stock valued at $531,000 after acquiring an additional 2,272 shares in the last quarter. Institutional investors and hedge funds own 89.58% of the company’s stock.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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