Guggenheim downgraded shares of TripAdvisor (NASDAQ:TRIP) from a neutral rating to a sell rating in a research note issued to investors on Wednesday morning, Marketbeat.com reports.
Other analysts have also issued reports about the stock. TheStreet lowered shares of TripAdvisor from a c rating to a d+ rating in a research note on Tuesday, May 8th. Barclays reissued an equal weight rating and set a $41.00 target price (up from $35.00) on shares of TripAdvisor in a research note on Friday, February 16th. ValuEngine upgraded TripAdvisor from a sell rating to a hold rating in a report on Thursday, February 15th. Wells Fargo restated a hold rating on shares of TripAdvisor in a report on Wednesday, February 14th. Finally, Zacks Investment Research downgraded TripAdvisor from a buy rating to a hold rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and one has given a buy rating to the stock. TripAdvisor has an average rating of Hold and a consensus target price of $40.84.
Shares of TRIP opened at $47.92 on Wednesday. The firm has a market cap of $6.58 billion, a PE ratio of 97.80, a P/E/G ratio of 4.60 and a beta of 1.84. TripAdvisor has a 12-month low of $29.50 and a 12-month high of $50.69.
TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Tuesday, May 8th. The travel company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.14. The firm had revenue of $378.00 million during the quarter, compared to analyst estimates of $361.02 million. TripAdvisor had a negative net margin of 1.73% and a positive return on equity of 4.92%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. sell-side analysts predict that TripAdvisor will post 0.75 EPS for the current fiscal year.
TripAdvisor declared that its Board of Directors has approved a share buyback program on Wednesday, February 14th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the travel company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In other TripAdvisor news, insider Dermot Halpin sold 26,313 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total value of $1,118,039.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.09% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. CIBC World Markets Inc. raised its holdings in TripAdvisor by 44.2% in the first quarter. CIBC World Markets Inc. now owns 26,092 shares of the travel company’s stock worth $1,067,000 after purchasing an additional 7,992 shares in the last quarter. Atlantic Trust Group LLC increased its holdings in shares of TripAdvisor by 8.4% during the first quarter. Atlantic Trust Group LLC now owns 63,829 shares of the travel company’s stock valued at $2,609,000 after acquiring an additional 4,932 shares in the last quarter. Millennium Management LLC increased its holdings in shares of TripAdvisor by 106.9% during the first quarter. Millennium Management LLC now owns 122,340 shares of the travel company’s stock valued at $5,002,000 after acquiring an additional 63,211 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of TripAdvisor by 77.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 84,463 shares of the travel company’s stock valued at $3,454,000 after acquiring an additional 36,752 shares in the last quarter. Finally, Alexandria Capital LLC acquired a new position in shares of TripAdvisor during the first quarter valued at about $206,000. Institutional investors and hedge funds own 88.39% of the company’s stock.
TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.
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