Royal Bank Of Canada reaffirmed their hold rating on shares of TripAdvisor, Inc. (NASDAQ:TRIP) in a research note issued to investors on Monday, August 7th. They currently have a $47.00 price target on the travel company’s stock.
Several other research firms have also commented on TRIP. UBS AG reissued a neutral rating and issued a $45.00 price objective (down previously from $48.00) on shares of TripAdvisor in a research note on Friday, April 14th. Barclays PLC lowered their price objective on shares of TripAdvisor from $52.00 to $48.00 and set an equal weight rating for the company in a research note on Monday, August 7th. Stifel Nicolaus reissued a hold rating on shares of TripAdvisor in a research note on Friday, July 28th. Jefferies Group LLC reaffirmed a hold rating and issued a $54.00 target price on shares of TripAdvisor in a report on Monday, April 24th. Finally, BidaskClub cut shares of TripAdvisor from a sell rating to a strong sell rating in a report on Thursday, July 27th. Nine research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $44.78.
Shares of TripAdvisor (TRIP) traded up 1.81% on Monday, reaching $39.92. 2,591,061 shares of the company traded hands. TripAdvisor has a 1-year low of $35.34 and a 1-year high of $66.13. The firm has a market capitalization of $5.54 billion, a P/E ratio of 60.39 and a beta of 2.36. The stock has a 50-day moving average price of $38.64 and a 200 day moving average price of $42.02.
TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The company had revenue of $424 million for the quarter, compared to analysts’ expectations of $421.66 million. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. Analysts anticipate that TripAdvisor will post $1.15 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in TRIP. Oppenheimer Asset Management Inc. purchased a new position in shares of TripAdvisor during the first quarter valued at $113,000. Mn Services Vermogensbeheer B.V. increased its position in shares of TripAdvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock valued at $130,000 after buying an additional 201 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of TripAdvisor by 4.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,967 shares of the travel company’s stock valued at $171,000 after buying an additional 160 shares during the last quarter. Sphera Funds Management LTD. purchased a new position in shares of TripAdvisor during the first quarter valued at $173,000. Finally, Nordea Investment Management AB increased its position in shares of TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after buying an additional 157 shares during the last quarter. 90.70% of the stock is owned by hedge funds and other institutional investors.
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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