BidaskClub upgraded shares of Tripadvisor (NASDAQ:TRIP) from a sell rating to a hold rating in a report published on Friday.
Several other research firms have also weighed in on TRIP. Hilliard Lyons lowered shares of Tripadvisor from a buy rating to a neutral rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Tripadvisor from a sell rating to a hold rating in a research report on Friday, November 17th. Stifel Nicolaus reduced their price target on shares of Tripadvisor from $40.00 to $32.00 and set a hold rating for the company in a research report on Wednesday, November 8th. Cowen restated a market perform rating and set a $40.00 price target (up previously from $30.00) on shares of Tripadvisor in a research report on Monday, November 27th. Finally, Barclays reduced their price target on shares of Tripadvisor from $45.00 to $35.00 and set an equal weight rating for the company in a research report on Wednesday, November 8th. Seven analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the stock. Tripadvisor has a consensus rating of Hold and a consensus target price of $40.06.
Tripadvisor (NASDAQ:TRIP) opened at $43.32 on Friday. The firm has a market cap of $6,016.20, a PE ratio of -309.41, a P/E/G ratio of 5.00 and a beta of 2.22. The company has a current ratio of 2.67, a quick ratio of 2.47 and a debt-to-equity ratio of 0.17. Tripadvisor has a 1 year low of $29.50 and a 1 year high of $50.95.
Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The company had revenue of $321.00 million for the quarter, compared to the consensus estimate of $309.12 million. Tripadvisor had a negative net margin of 1.22% and a positive return on equity of 5.63%. Tripadvisor’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. equities analysts forecast that Tripadvisor will post 0.48 EPS for the current year.
Tripadvisor announced that its board has approved a stock buyback plan on Wednesday, February 14th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the travel company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total transaction of $378,280.00. Following the sale, the chief financial officer now directly owns 13,866 shares of the company’s stock, valued at $554,640. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.09% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Atlantic Trust Group LLC lifted its holdings in shares of Tripadvisor by 8.0% in the third quarter. Atlantic Trust Group LLC now owns 53,888 shares of the travel company’s stock worth $2,184,000 after buying an additional 4,013 shares in the last quarter. Global Thematic Partners LLC lifted its holdings in shares of Tripadvisor by 33.3% in the fourth quarter. Global Thematic Partners LLC now owns 890,889 shares of the travel company’s stock worth $30,700,000 after buying an additional 222,410 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Tripadvisor by 12,501.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,377,381 shares of the travel company’s stock worth $55,825,000 after buying an additional 1,366,451 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Tripadvisor by 66.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,443 shares of the travel company’s stock worth $550,000 after buying an additional 5,356 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Tripadvisor in the third quarter worth about $927,000. 90.33% of the stock is currently owned by hedge funds and other institutional investors.
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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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