Tripadvisor (NASDAQ:TRIP) had its price target reduced by Royal Bank Of Canada from $38.00 to $34.00 in a research report released on Monday, November 13th, MarketBeat reports. They currently have a sector perform rating on the travel company’s stock.
Several other analysts also recently weighed in on TRIP. BidaskClub upgraded Tripadvisor from a strong sell rating to a sell rating in a research report on Wednesday, August 9th. Susquehanna Bancshares restated a neutral rating and issued a $32.00 price objective (down from $40.00) on shares of Tripadvisor in a report on Thursday, August 10th. Cowen restated a market perform rating and issued a $42.00 price objective (up from $40.00) on shares of Tripadvisor in a report on Friday, August 11th. Stifel Nicolaus restated a hold rating and issued a $40.00 price objective (down from $45.00) on shares of Tripadvisor in a report on Thursday, August 10th. Finally, Jefferies Group restated a sell rating and issued a $35.00 price objective on shares of Tripadvisor in a report on Thursday, September 28th. Eight research analysts have rated the stock with a sell rating and twenty have issued a hold rating to the company. Tripadvisor has an average rating of Hold and a consensus target price of $39.95.
Tripadvisor (NASDAQ TRIP) traded down $0.33 during midday trading on Monday, reaching $34.29. 2,591,841 shares of the company’s stock traded hands, compared to its average volume of 6,115,865. Tripadvisor has a 52 week low of $29.50 and a 52 week high of $53.58. The stock has a market capitalization of $4,807.96, a price-to-earnings ratio of 50.17, a price-to-earnings-growth ratio of 2.81 and a beta of 2.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47.
Hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Managed Accounts LLC purchased a new stake in Tripadvisor in the third quarter valued at approximately $101,000. Oppenheimer Asset Management Inc. acquired a new position in Tripadvisor in the first quarter valued at approximately $113,000. KCG Holdings Inc. acquired a new position in Tripadvisor in the first quarter valued at approximately $205,000. D.A. Davidson & CO. lifted its holdings in Tripadvisor by 957.0% in the third quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock valued at $229,000 after acquiring an additional 5,120 shares during the period. Finally, BlueMountain Capital Management LLC acquired a new position in Tripadvisor in the second quarter valued at approximately $242,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.
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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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