TripAdvisor, Inc. (NASDAQ:TRIP) had its price target cut by Royal Bank Of Canada from $38.00 to $34.00 in a research report released on Monday, Marketbeat Ratings reports. They currently have a sector perform rating on the travel company’s stock.
A number of other research firms also recently commented on TRIP. Bank of America Corporation restated an underperform rating and issued a $30.00 price objective (down from $35.00) on shares of TripAdvisor in a report on Wednesday, August 9th. UBS AG reiterated a neutral rating and issued a $43.00 target price (down previously from $50.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Susquehanna Bancshares Inc restated 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. Stifel Nicolaus reaffirmed a hold rating and set a $40.00 target price (down previously from $45.00) on shares of TripAdvisor in a research note on Thursday, August 10th. Finally, Piper Jaffray Companies cut their target price on TripAdvisor to $43.00 and set a neutral rating on the stock in a research note on Wednesday, August 9th. Nine equities research analysts have rated the stock with a sell rating and nineteen have given a hold rating to the company’s stock. TripAdvisor has an average rating of Hold and an average target price of $40.05.
Shares of TripAdvisor (TRIP) traded down $0.20 during midday trading on Monday, reaching $30.33. The company’s stock had a trading volume of 4,527,500 shares, compared to its average volume of 3,106,432. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47. TripAdvisor has a one year low of $29.50 and a one year high of $53.58. The stock has a market capitalization of $4,239.95, a PE ratio of 44.25, a P/E/G ratio of 2.27 and a beta of 2.33.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. TripAdvisor had a return on equity of 6.81% and a net margin of 4.26%. The company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $451.27 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. equities analysts predict that TripAdvisor will post 0.68 EPS for the current year.
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Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in TripAdvisor by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 10,758,105 shares of the travel company’s stock worth $410,959,000 after acquiring an additional 105,571 shares during the last quarter. Jackson Square Partners LLC lifted its position in TripAdvisor by 2.8% during the 3rd quarter. Jackson Square Partners LLC now owns 10,279,727 shares of the travel company’s stock valued at $416,637,000 after acquiring an additional 283,336 shares during the period. BlackRock Inc. lifted its position in TripAdvisor by 23.9% during the 2nd quarter. BlackRock Inc. now owns 8,883,209 shares of the travel company’s stock valued at $339,338,000 after acquiring an additional 1,713,523 shares during the period. Carmignac Gestion lifted its position in TripAdvisor by 9.4% during the 3rd quarter. Carmignac Gestion now owns 6,851,065 shares of the travel company’s stock valued at $277,674,000 after acquiring an additional 585,879 shares during the period. Finally, Brown Advisory Inc. raised its holdings in TripAdvisor by 2.2% in the third quarter. Brown Advisory Inc. now owns 6,284,998 shares of the travel company’s stock worth $254,731,000 after buying an additional 135,568 shares during the last quarter. 87.38% of the stock is currently owned by 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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