Mizuho began coverage on shares of Tripadvisor (NASDAQ:TRIP) in a research report report published on Wednesday. The brokerage issued a neutral rating and a $40.00 price objective on the travel company’s stock.
A number of other research analysts have also commented on TRIP. BidaskClub raised Tripadvisor from a sell rating to a hold rating in a report on Thursday, March 8th. Zacks Investment Research raised Tripadvisor from a sell rating to a buy rating and set a $39.00 price objective on the stock in a report on Thursday, January 11th. SunTrust Banks reaffirmed a hold rating on shares of Tripadvisor in a report on Friday, February 16th. ValuEngine lowered Tripadvisor from a hold rating to a sell rating in a report on Thursday, March 1st. Finally, Royal Bank of Canada reaffirmed a hold rating and issued a $45.00 price objective on shares of Tripadvisor in a report on Friday, February 16th. Seven equities research 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 an average target price of $40.05.
TRIP stock opened at $41.59 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.67 and a current ratio of 2.67. The firm has a market capitalization of $5,806.67, a P/E ratio of -297.05, a P/E/G ratio of 4.44 and a beta of 1.95. Tripadvisor has a 1-year low of $29.50 and a 1-year high of $50.95.
Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, February 14th. The travel company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). Tripadvisor had a negative net margin of 1.22% and a positive return on equity of 5.63%. The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $309.12 million. During the same period in the prior year, the company earned $0.16 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. analysts anticipate that Tripadvisor will post 0.63 earnings per share for the current fiscal year.
Tripadvisor announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 14th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the travel company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
In related news, insider Dermot Halpin sold 26,313 shares of the company’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ernst 02494 Teunissen sold 9,457 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total value of $378,280.00. Following the sale, the chief financial officer now owns 13,866 shares of the company’s stock, valued at $554,640. The disclosure for this sale can be found here. 1.09% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in TRIP. Crossmark Global Holdings Inc. bought a new stake in shares of Tripadvisor during the 3rd quarter worth $442,000. Victory Capital Management Inc. lifted its position in shares of Tripadvisor by 11.4% during the 3rd quarter. Victory Capital Management Inc. now owns 25,420 shares of the travel company’s stock worth $1,030,000 after buying an additional 2,594 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Tripadvisor by 2.1% during the 3rd quarter. New York State Common Retirement Fund now owns 273,101 shares of the travel company’s stock worth $11,069,000 after buying an additional 5,500 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Tripadvisor by 10.4% during the 3rd quarter. Toronto Dominion Bank now owns 41,394 shares of the travel company’s stock worth $1,677,000 after buying an additional 3,887 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Tripadvisor by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 18,309 shares of the travel company’s stock worth $742,000 after buying an additional 1,884 shares during the last quarter. Institutional investors and hedge funds own 89.11% of the company’s stock.
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.
Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.