Needham & Company LLC restated their buy rating on shares of Tripadvisor (NASDAQ:TRIP) in a research note issued to investors on Thursday morning, AnalystRatings.com reports. They currently have a $63.00 target price on the travel company’s stock.
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Several other brokerages have also recently commented on TRIP. Jefferies Financial Group reiterated a sell rating on shares of Tripadvisor in a report on Tuesday, October 15th. UBS Group upgraded Tripadvisor from a sell rating to a neutral rating and reduced their target price for the company from $44.00 to $40.00 in a report on Wednesday, September 4th. Stifel Nicolaus reiterated a hold rating and issued a $50.00 target price on shares of Tripadvisor in a report on Friday, August 9th. Credit Suisse Group reduced their target price on Tripadvisor from $60.00 to $54.00 and set a neutral rating on the stock in a report on Friday, August 9th. Finally, Standpoint Research started coverage on Tripadvisor in a report on Tuesday, July 16th. They issued a buy rating and a $60.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. Tripadvisor has an average rating of Hold and a consensus target price of $47.87.
NASDAQ TRIP traded up $0.31 during trading on Thursday, hitting $31.96. 6,135,600 shares of the company’s stock were exchanged, compared to its average volume of 1,867,056. The stock’s 50 day moving average price is $38.72 and its two-hundred day moving average price is $43.12. Tripadvisor has a fifty-two week low of $29.27 and a fifty-two week high of $65.54. The company has a market cap of $5.71 billion, a PE ratio of 30.44, a P/E/G ratio of 1.89 and a beta of 1.37.
Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, November 6th. The travel company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Tripadvisor had a return on equity of 10.63% and a net margin of 8.49%. The business had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $459.39 million. During the same period in the prior year, the business posted $0.72 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. On average, equities analysts predict that Tripadvisor will post 1.27 earnings per share for the current year.
In other Tripadvisor news, insider Dermot Halpin sold 3,409 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $40.23, for a total transaction of $137,144.07. Following the transaction, the insider now directly owns 752 shares in the company, valued at approximately $30,252.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of TRIP. Retirement Systems of Alabama raised its position in shares of Tripadvisor by 11.8% during the second quarter. Retirement Systems of Alabama now owns 171,795 shares of the travel company’s stock worth $7,952,000 after purchasing an additional 18,127 shares during the period. DAVENPORT & Co LLC raised its position in shares of Tripadvisor by 9.9% during the second quarter. DAVENPORT & Co LLC now owns 21,638 shares of the travel company’s stock worth $1,002,000 after purchasing an additional 1,950 shares during the period. NN Investment Partners Holdings N.V. raised its position in shares of Tripadvisor by 1.0% during the second quarter. NN Investment Partners Holdings N.V. now owns 102,533 shares of the travel company’s stock worth $4,746,000 after purchasing an additional 1,044 shares during the period. Polianta Ltd acquired a new position in shares of Tripadvisor during the second quarter worth approximately $1,092,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Tripadvisor by 27.1% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,131 shares of the travel company’s stock worth $1,997,000 after purchasing an additional 9,200 shares during the period. Hedge funds and other institutional investors own 85.77% of the company’s stock.
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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