Other equities analysts have also issued reports about the company. Consumer Edge assumed coverage on Tripadvisor in a research note on Monday, November 18th. They issued an “underweight” rating and a $26.00 price objective on the stock. Needham & Company LLC decreased their target price on shares of Tripadvisor from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered shares of Tripadvisor from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $48.00 to $28.00 in a report on Friday, November 8th. Stifel Nicolaus assumed coverage on shares of Tripadvisor in a report on Thursday. They set a “hold” rating and a $32.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Tripadvisor from a “strong sell” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, January 22nd. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $40.47.
TRIP traded up $0.01 during midday trading on Friday, hitting $29.65. 3,144,897 shares of the company were exchanged, compared to its average volume of 2,433,140. The firm has a market capitalization of $4.13 billion, a P/E ratio of 35.72, a P/E/G ratio of 1.70 and a beta of 1.33. Tripadvisor has a 1-year low of $27.12 and a 1-year high of $58.60. The firm’s 50 day moving average price is $29.78 and its 200-day moving average price is $34.75.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, February 12th. The travel company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $335.00 million for the quarter, compared to analyst estimates of $334.44 million. Tripadvisor had a return on equity of 9.18% and a net margin of 7.44%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 EPS. On average, equities analysts predict that Tripadvisor will post 1.17 EPS for the current year.
Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC grew its position in shares of Tripadvisor by 153.1% during the 4th quarter. Renaissance Technologies LLC now owns 2,832,184 shares of the travel company’s stock worth $86,042,000 after buying an additional 1,713,284 shares during the period. Pictet Asset Management Ltd. grew its holdings in Tripadvisor by 2,447.5% in the third quarter. Pictet Asset Management Ltd. now owns 1,350,632 shares of the travel company’s stock worth $52,242,000 after purchasing an additional 1,297,614 shares during the period. Ennismore Fund Management Ltd acquired a new stake in Tripadvisor in the fourth quarter worth $35,606,000. Prudential Financial Inc. increased its stake in Tripadvisor by 282.0% in the fourth quarter. Prudential Financial Inc. now owns 1,480,925 shares of the travel company’s stock valued at $44,991,000 after purchasing an additional 1,093,198 shares in the last quarter. Finally, Global Thematic Partners LLC increased its stake in Tripadvisor by 1,141.5% in the fourth quarter. Global Thematic Partners LLC now owns 557,503 shares of the travel company’s stock valued at $16,936,000 after purchasing an additional 512,598 shares in the last quarter. Institutional investors and hedge funds own 84.40% of the company’s stock.
Tripadvisor Company Profile
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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