Tripadvisor Inc (NASDAQ:TRIP) Given Consensus Recommendation of “Hold” by Analysts

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Tripadvisor Inc (NASDAQ:TRIP) has been given a consensus recommendation of “Hold” by the twenty ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $53.47.

Several brokerages have issued reports on TRIP. DA Davidson raised shares of Tripadvisor from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Thursday, June 27th. Credit Suisse Group decreased their price objective on shares of Tripadvisor from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Cleveland Research began coverage on shares of Tripadvisor in a research note on Wednesday, June 19th. They issued a “neutral” rating for the company. Wedbush reissued a “neutral” rating and issued a $50.00 price objective (down previously from $60.00) on shares of Tripadvisor in a research note on Thursday, May 9th. Finally, SunTrust Banks raised shares of Tripadvisor from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Wednesday, June 19th.

Shares of NASDAQ:TRIP traded up $0.63 during trading on Wednesday, reaching $37.70. The company’s stock had a trading volume of 1,396,426 shares, compared to its average volume of 1,843,669. Tripadvisor has a 12 month low of $35.41 and a 12 month high of $69.00. The firm’s 50 day simple moving average is $41.25 and its two-hundred day simple moving average is $47.44. The stock has a market capitalization of $5.25 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 1.91 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, August 7th. The travel company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.08). The business had revenue of $422.00 million during the quarter, compared to the consensus estimate of $445.46 million. Tripadvisor had a net margin of 8.49% and a return on equity of 10.63%. The firm’s revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. On average, equities analysts predict that Tripadvisor will post 1.24 EPS for the current fiscal year.

In other news, insider Dermot Halpin sold 3,409 shares of Tripadvisor stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $40.23, for a total transaction of $137,144.07. Following the completion of the sale, the insider now owns 752 shares of the company’s stock, valued at $30,252.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ernst 02494 Teunissen sold 8,117 shares of Tripadvisor stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $45.60, for a total transaction of $370,135.20. Following the sale, the chief financial officer now directly owns 14,599 shares of the company’s stock, valued at approximately $665,714.40. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of TRIP. PenderFund Capital Management Ltd. increased its holdings in Tripadvisor by 881.8% during the second quarter. PenderFund Capital Management Ltd. now owns 2,000,000 shares of the travel company’s stock valued at $2,703,000 after buying an additional 1,796,293 shares during the period. AQR Capital Management LLC increased its holdings in Tripadvisor by 38.1% during the second quarter. AQR Capital Management LLC now owns 5,527,639 shares of the travel company’s stock valued at $255,266,000 after buying an additional 1,526,024 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd increased its holdings in Tripadvisor by 44.1% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 3,165,519 shares of the travel company’s stock valued at $162,865,000 after buying an additional 968,530 shares during the period. Nuveen Asset Management LLC increased its holdings in Tripadvisor by 137.9% during the second quarter. Nuveen Asset Management LLC now owns 1,169,431 shares of the travel company’s stock valued at $54,133,000 after buying an additional 677,847 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Tripadvisor by 57.5% during the second quarter. Russell Investments Group Ltd. now owns 1,170,114 shares of the travel company’s stock valued at $54,197,000 after buying an additional 427,150 shares during the period. 86.02% of the stock is owned by hedge funds and other institutional investors.

About Tripadvisor

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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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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