Tripadvisor (NASDAQ:TRIP) announced that its board has authorized a stock repurchase program, which allows the company to buyback $250.00 million in outstanding shares on Wednesday, February 14th, EventVestor reports. This buyback authorization allows the travel company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
Several research firms have commented on TRIP. BidaskClub upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Zacks Investment Research upgraded shares of Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 target price for the company in a report on Thursday, January 11th. ValuEngine downgraded shares of Tripadvisor from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. SunTrust Banks reiterated a “hold” rating on shares of Tripadvisor in a research report on Friday, February 16th. Finally, Royal Bank of Canada restated a “hold” rating and set a $45.00 price target on shares of Tripadvisor in a report on Friday, February 16th. Six investment analysts have rated the stock with a sell rating and eighteen have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.06.
Tripadvisor (TRIP) traded up $1.77 during mid-day trading on Wednesday, hitting $44.05. 3,066,589 shares of the company traded hands, compared to its average volume of 3,970,000. The firm has a market capitalization of $6,120.00, a P/E ratio of 115.92, a PEG ratio of 4.58 and a beta of 1.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.67 and a quick ratio of 2.67. Tripadvisor has a fifty-two week low of $29.50 and a fifty-two week high of $50.95.
Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, February 14th. The travel company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $309.12 million. Tripadvisor had a positive return on equity of 5.63% and a negative net margin of 1.22%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.16 EPS. equities research analysts anticipate that Tripadvisor will post 0.63 earnings per share for the current fiscal year.
In related news, CFO Ernst 02494 Teunissen sold 9,457 shares of Tripadvisor stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total value of $378,280.00. Following the completion of the sale, the chief financial officer now owns 13,866 shares of the company’s stock, valued at approximately $554,640. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Dermot Halpin sold 26,313 shares of Tripadvisor stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $42.49, for a total transaction of $1,118,039.37. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,116 shares of company stock valued at $1,508,256. 1.09% of the stock is owned by company insiders.
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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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