Tripadvisor (NASDAQ:TRIP) had its target price decreased by Barclays from $70.00 to $64.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. Barclays currently has an overweight rating on the travel company’s stock.
Other equities analysts have also recently issued research reports about the stock. Standpoint Research assumed coverage on shares of Tripadvisor in a research note on Tuesday, July 16th. They set a buy rating and a $60.00 target price on the stock. Deutsche Bank reduced their price objective on shares of Tripadvisor from $65.00 to $59.00 and set a buy rating for the company in a research report on Tuesday, August 6th. Cleveland Research began coverage on shares of Tripadvisor in a research report on Wednesday, June 19th. They set a neutral rating for the company. DA Davidson upgraded shares of Tripadvisor from a neutral rating to a buy rating and set a $55.00 price objective for the company in a research report on Thursday, June 27th. Finally, Wedbush restated a neutral rating and set a $50.00 price objective (down previously from $60.00) on shares of Tripadvisor in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $55.25.
Tripadvisor stock opened at $40.39 on Friday. The firm has a market cap of $5.62 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33. The firm’s 50-day moving average is $45.12. Tripadvisor has a 52 week low of $40.38 and a 52 week high of $69.00.
Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, August 7th. The travel company reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.08). The company had revenue of $422.00 million for the quarter, compared to analyst estimates of $445.46 million. Tripadvisor had a net margin of 8.49% and a return on equity of 10.63%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. Sell-side analysts predict that Tripadvisor will post 1.32 EPS for the current year.
In other news, CFO Ernst 02494 Teunissen sold 8,117 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $45.60, for a total transaction of $370,135.20. Following the completion of the transaction, the chief financial officer now owns 14,599 shares in the company, valued at approximately $665,714.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in TRIP. Cullen Frost Bankers Inc. acquired a new position in shares of Tripadvisor in the second quarter worth about $27,000. MUFG Americas Holdings Corp boosted its holdings in shares of Tripadvisor by 136.1% in the second quarter. MUFG Americas Holdings Corp now owns 687 shares of the travel company’s stock worth $32,000 after buying an additional 396 shares during the period. Glassman Wealth Services boosted its holdings in shares of Tripadvisor by 4,518.8% in the second quarter. Glassman Wealth Services now owns 739 shares of the travel company’s stock worth $34,000 after buying an additional 723 shares during the period. Meridian Wealth Management LLC acquired a new position in shares of Tripadvisor in the first quarter worth about $42,000. Finally, CSat Investment Advisory L.P. boosted its holdings in shares of Tripadvisor by 65.1% in the first quarter. CSat Investment Advisory L.P. now owns 1,083 shares of the travel company’s stock worth $56,000 after buying an additional 427 shares during the period. Institutional investors own 87.83% 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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