Consumer Edge began coverage on shares of Tripadvisor (NASDAQ:TRIP) in a research report report published on Monday, November 18th, Briefing.com Automated Import reports. The firm issued an underweight rating and a $26.00 price target on the travel company’s stock.
Several other research firms have also recently issued reports on TRIP. Wedbush reduced their target price on Tripadvisor from $50.00 to $33.00 and set a neutral rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group reissued a sell rating on shares of Tripadvisor in a research note on Tuesday, October 15th. SunTrust Banks reduced their target price on Tripadvisor from $60.00 to $43.00 and set a buy rating on the stock in a research note on Thursday, November 14th. Stifel Nicolaus reissued a hold rating and set a $50.00 target price on shares of Tripadvisor in a research note on Friday, August 9th. Finally, UBS Group raised Tripadvisor from a sell rating to a neutral rating and reduced their target price for the company from $44.00 to $40.00 in a research note on Wednesday, September 4th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $44.40.
TRIP stock traded down $0.20 during midday trading on Monday, hitting $29.25. The company had a trading volume of 1,907,797 shares, compared to its average volume of 3,318,586. Tripadvisor has a 52 week low of $27.66 and a 52 week high of $62.02. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 1.78 and a beta of 1.32. The stock’s 50 day moving average price is $32.51 and its 200 day moving average price is $39.65.
Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, November 6th. The travel company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Tripadvisor had a return on equity of 9.18% and a net margin of 7.44%. The firm had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $459.39 million. During the same period in the previous year, the firm earned $0.72 earnings per share. The business’s revenue was down 6.6% compared to the same quarter last year. Equities research analysts predict that Tripadvisor will post 1.18 EPS for the current year.
The company also recently declared a dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were paid a $3.50 dividend. The ex-dividend date was Tuesday, November 19th.
Institutional investors have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. bought a new stake in Tripadvisor in the second quarter worth $27,000. MUFG Americas Holdings Corp lifted its holdings in shares of Tripadvisor by 136.1% during the second quarter. MUFG Americas Holdings Corp now owns 687 shares of the travel company’s stock valued at $32,000 after purchasing an additional 396 shares in the last quarter. Glassman Wealth Services lifted its holdings in shares of Tripadvisor by 4,518.8% during the second quarter. Glassman Wealth Services now owns 739 shares of the travel company’s stock valued at $34,000 after purchasing an additional 723 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Tripadvisor during the third quarter valued at $37,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Tripadvisor during the second quarter valued at $79,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.
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