Needham & Company LLC reiterated their buy rating on shares of Tripadvisor (NASDAQ:TRIP) in a research report report published on Thursday morning, AnalystRatings.com reports. Needham & Company LLC currently has a $63.00 price target on the travel company’s stock.
A number of other analysts also recently issued reports on TRIP. Credit Suisse Group lowered their price objective on shares of Tripadvisor from $60.00 to $54.00 and set a neutral rating on the stock in a report on Friday, August 9th. SunTrust Banks reiterated a buy rating on shares of Tripadvisor in a report on Tuesday, October 29th. UBS Group upgraded shares of Tripadvisor from a sell rating to a neutral rating and lowered their price objective for the company from $44.00 to $40.00 in a report on Wednesday, September 4th. Standpoint Research assumed coverage on shares of Tripadvisor in a research note on Tuesday, July 16th. They issued a buy rating and a $60.00 target price for the company. Finally, Cowen set a $39.00 target price on shares of Tripadvisor and gave the company a sell rating in a research note on Friday, August 9th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $47.87.
Shares of NASDAQ TRIP traded up $0.31 during mid-day trading on Thursday, hitting $31.96. The company’s stock had a trading volume of 6,135,600 shares, compared to its average volume of 1,867,056. Tripadvisor has a one year low of $29.27 and a one year high of $65.54. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. The company’s fifty day simple moving average is $38.72 and its 200-day simple moving average is $43.12.
Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. Tripadvisor had a net margin of 8.49% and a return on equity of 10.63%. The company had revenue of $428.00 million for the quarter, compared to the consensus estimate of $459.39 million. During the same period last year, the company earned $0.72 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that Tripadvisor will post 1.27 EPS for the current fiscal year.
In related news, insider Dermot Halpin sold 3,409 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.23, for a total value of $137,144.07. Following the completion of the transaction, the insider now directly owns 752 shares of the company’s stock, valued at $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 company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. bought a new position in Tripadvisor during the second quarter worth $27,000. MUFG Americas Holdings Corp boosted its position in Tripadvisor by 136.1% during the second quarter. MUFG Americas Holdings Corp now owns 687 shares of the travel company’s stock worth $32,000 after purchasing an additional 396 shares during the period. Glassman Wealth Services boosted its position in Tripadvisor by 4,518.8% during the second quarter. Glassman Wealth Services now owns 739 shares of the travel company’s stock worth $34,000 after purchasing an additional 723 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Tripadvisor during the third quarter worth $37,000. Finally, Steward Partners Investment Advisory LLC bought a new position in Tripadvisor during the second quarter worth $79,000. 85.77% of the stock is owned by hedge funds and other institutional investors.
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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