Cowen and Company reaffirmed their hold rating on shares of TripAdvisor, Inc. (NASDAQ:TRIP) in a report published on Tuesday morning. The brokerage currently has a $42.00 target price on the travel company’s stock.
A number of other equities analysts also recently issued reports on the stock. ValuEngine raised shares of TripAdvisor from a sell rating to a hold rating in a report on Wednesday, September 6th. Jefferies Group LLC downgraded shares of TripAdvisor from a hold rating to an underperform rating and cut their price objective for the stock from $50.00 to $30.00 in a report on Thursday, August 24th. SunTrust Banks, Inc. began coverage on shares of TripAdvisor in a report on Tuesday, August 15th. They set a hold rating and a $44.00 price objective on the stock. Susquehanna Bancshares Inc reaffirmed a neutral rating and set a $32.00 price objective (down from $40.00) on shares of TripAdvisor in a report on Thursday, August 10th. Finally, UBS AG reaffirmed a neutral rating and set a $43.00 price objective (down from $50.00) on shares of TripAdvisor in a report on Thursday, August 10th. Nine equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company. TripAdvisor presently has a consensus rating of Hold and a consensus target price of $43.44.
TripAdvisor (NASDAQ:TRIP) traded up 2.23% during mid-day trading on Tuesday, reaching $43.93. 2,890,091 shares of the company’s stock traded hands. The stock has a market cap of $6.10 billion, a P/E ratio of 66.46 and a beta of 2.37. The company has a 50 day moving average price of $41.53 and a 200-day moving average price of $41.15. TripAdvisor has a 12 month low of $35.34 and a 12 month high of $66.13.
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 firm had revenue of $424.00 million for the quarter, compared to analysts’ expectations of $421.66 million. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. TripAdvisor’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, analysts anticipate that TripAdvisor will post $1.15 EPS for the current year.
In other news, insider Dermot Halpin sold 12,859 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $39.09, for a total transaction of $502,658.31. Following the sale, the insider now directly owns 5,364 shares in the company, valued at $209,678.76. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.98% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of TripAdvisor by 1.0% during the second quarter. Vanguard Group Inc. now owns 10,758,105 shares of the travel company’s stock valued at $410,959,000 after buying an additional 105,571 shares during the period. BlackRock Inc. increased its position in shares of TripAdvisor by 23.9% during the second quarter. BlackRock Inc. now owns 8,883,209 shares of the travel company’s stock valued at $339,338,000 after buying an additional 1,713,523 shares during the period. Bank of New York Mellon Corp increased its position in shares of TripAdvisor by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 4,926,007 shares of the travel company’s stock valued at $188,176,000 after buying an additional 220,185 shares during the period. State Street Corp increased its position in shares of TripAdvisor by 0.9% during the first quarter. State Street Corp now owns 4,767,474 shares of the travel company’s stock valued at $205,767,000 after buying an additional 42,936 shares during the period. Finally, Matrix Capital Management Company LP increased its position in shares of TripAdvisor by 152.3% during the second quarter. Matrix Capital Management Company LP now owns 3,532,600 shares of the travel company’s stock valued at $134,945,000 after buying an additional 2,132,600 shares during the period. Hedge funds and other institutional investors own 86.39% 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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