TripAdvisor, Inc. (NASDAQ:TRIP) had its target price reduced by Royal Bank Of Canada from $38.00 to $34.00 in a report released on Monday. Royal Bank Of Canada currently has a sector perform rating on the travel company’s stock.
Other analysts also recently issued reports about the stock. Barclays PLC cut their price objective on shares of TripAdvisor from $52.00 to $48.00 and set an equal weight rating on the stock in a research report on Monday, August 7th. Stifel Nicolaus reiterated a hold rating and issued a $40.00 price objective (down from $45.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of TripAdvisor from a sell rating to a hold rating in a research report on Thursday, July 27th. Wells Fargo & Company reiterated a hold rating on shares of TripAdvisor in a research report on Thursday, July 27th. Finally, SunTrust Banks, Inc. started coverage on shares of TripAdvisor in a research note on Tuesday, August 15th. They set a hold rating and a $44.00 target price on the stock. Nine research analysts have rated the stock with a sell rating and nineteen have assigned a hold rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $40.05.
Shares of TripAdvisor (TRIP) traded down $0.44 during trading hours on Monday, reaching $30.75. 3,822,700 shares of the company traded hands, compared to its average volume of 3,088,027. The company has a market cap of $4,331.60, a P/E ratio of 45.20, a PEG ratio of 2.32 and a beta of 2.33. TripAdvisor has a 12-month low of $29.79 and a 12-month high of $53.58. 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 (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 Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $451.27 million. TripAdvisor had a net margin of 4.26% and a return on equity of 6.81%. TripAdvisor’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. sell-side analysts anticipate that TripAdvisor will post 0.68 EPS for the current fiscal year.
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In related news, insider Dermot Halpin sold 12,859 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $39.09, for a total transaction of $502,658.31. Following the completion of the sale, the insider now directly owns 5,364 shares in the company, valued at $209,678.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.09% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. Cutter & CO Brokerage Inc. boosted its holdings in shares of TripAdvisor by 0.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock worth $249,000 after purchasing an additional 30 shares during the period. Lourd Capital LLC boosted its holdings in shares of TripAdvisor by 0.6% during the second quarter. Lourd Capital LLC now owns 7,497 shares of the travel company’s stock worth $286,000 after purchasing an additional 47 shares during the period. Advisor Group Inc. boosted its holdings in shares of TripAdvisor by 1.4% during the second quarter. Advisor Group Inc. now owns 8,401 shares of the travel company’s stock worth $321,000 after purchasing an additional 118 shares during the period. Norinchukin Bank The boosted its holdings in shares of TripAdvisor by 4.4% during the second quarter. Norinchukin Bank The now owns 7,663 shares of the travel company’s stock worth $293,000 after purchasing an additional 326 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of TripAdvisor by 2.5% during the first quarter. Nomura Asset Management Co. Ltd. now owns 15,225 shares of the travel company’s stock worth $657,000 after purchasing an additional 370 shares during the period. Institutional investors and hedge funds own 87.38% of the company’s stock.
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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