Tripadvisor (NASDAQ:TRIP) Receives Buy Rating from Needham & Company LLC

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Needham & Company LLC reaffirmed their buy rating on shares of Tripadvisor (NASDAQ:TRIP) in a report released on Thursday morning, AnalystRatings.com reports. The firm currently has a $63.00 price objective on the travel company’s stock.

A number of other brokerages also recently issued reports on TRIP. BidaskClub raised Tripadvisor from a strong sell rating to a sell rating in a research report on Thursday, October 24th. UBS Group raised Tripadvisor from a sell rating to a neutral rating and cut their price objective for the stock from $44.00 to $40.00 in a research report on Wednesday, September 4th. ValuEngine raised Tripadvisor from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Cowen set a $39.00 price objective on Tripadvisor and gave the stock a sell rating in a research report on Friday, August 9th. Finally, Deutsche Bank cut their price objective on Tripadvisor from $54.00 to $45.00 and set a buy rating for the company in a research report on Tuesday, October 22nd. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $47.87.

Tripadvisor stock traded up $0.31 during mid-day trading on Thursday, hitting $31.96. The company had a trading volume of 6,135,600 shares, compared to its average volume of 1,867,056. Tripadvisor has a 12-month low of $29.27 and a 12-month high of $65.54. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 30.44, a P/E/G ratio of 1.89 and a beta of 1.37. The company’s fifty day moving average is $38.72 and its 200-day moving average is $43.12.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $428.00 million during the quarter, compared to the consensus estimate of $459.39 million. Tripadvisor had a return on equity of 10.63% and a net margin of 8.49%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the company earned $0.72 EPS. On average, sell-side analysts expect that Tripadvisor will post 1.27 earnings per share for the current fiscal year.

In other news, insider Dermot Halpin sold 3,409 shares of Tripadvisor stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $40.23, for a total value of $137,144.07. Following the completion of the transaction, the insider now owns 752 shares in the company, valued at approximately $30,252.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in TRIP. PenderFund Capital Management Ltd. boosted its stake in shares of Tripadvisor by 881.8% in the 2nd quarter. PenderFund Capital Management Ltd. now owns 2,000,000 shares of the travel company’s stock valued at $2,703,000 after buying an additional 1,796,293 shares during the period. AQR Capital Management LLC boosted its stake in shares of Tripadvisor by 38.1% in the 2nd quarter. AQR Capital Management LLC now owns 5,527,639 shares of the travel company’s stock valued at $255,266,000 after buying an additional 1,526,024 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Tripadvisor by 137.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,169,431 shares of the travel company’s stock valued at $54,133,000 after buying an additional 677,847 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Tripadvisor by 57.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,170,114 shares of the travel company’s stock valued at $54,197,000 after buying an additional 427,150 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of Tripadvisor by 194.5% in the 2nd quarter. Prudential Financial Inc. now owns 566,327 shares of the travel company’s stock valued at $26,216,000 after buying an additional 374,050 shares during the period. Institutional investors and hedge funds own 85.77% of the company’s stock.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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