Tripadvisor (TRIP) Raised to Neutral at Guggenheim

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Tripadvisor (NASDAQ:TRIP) was upgraded by analysts at Guggenheim from a “sell” rating to a “neutral” rating in a research report issued on Tuesday, MarketBeat Ratings reports.

A number of other equities analysts have also recently commented on TRIP. BidaskClub raised Tripadvisor from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Piper Jaffray Companies increased their target price on Tripadvisor to $58.00 and gave the company a “neutral” rating in a report on Wednesday, February 13th. Zacks Investment Research cut Tripadvisor from a “buy” rating to a “hold” rating in a report on Monday, February 18th. ValuEngine cut Tripadvisor from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Cowen cut Tripadvisor from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $50.00 to $40.00 in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $56.60.

Shares of Tripadvisor stock opened at $46.51 on Tuesday. Tripadvisor has a 12 month low of $43.40 and a 12 month high of $69.00. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 44.30, a PEG ratio of 2.72 and a beta of 1.29.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, May 7th. The travel company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. Tripadvisor had a return on equity of 10.24% and a net margin of 8.31%. The business had revenue of $376.00 million during the quarter, compared to analysts’ expectations of $387.27 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. Equities research analysts expect that Tripadvisor will post 1.32 EPS for the current fiscal year.

In related news, SVP Seth J. Kalvert sold 11,016 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $51.93, for a total value of $572,060.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dermot Halpin sold 14,656 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $55.15, for a total value of $808,278.40. Following the completion of the sale, the insider now directly owns 29,649 shares of the company’s stock, valued at approximately $1,635,142.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,459 shares of company stock valued at $2,384,022. Insiders own 3.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. grew its position in Tripadvisor by 19.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,130 shares of the travel company’s stock worth $61,000 after acquiring an additional 186 shares during the period. Mason Street Advisors LLC grew its position in Tripadvisor by 1.6% in the first quarter. Mason Street Advisors LLC now owns 14,662 shares of the travel company’s stock worth $754,000 after acquiring an additional 227 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in Tripadvisor by 3.2% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 7,378 shares of the travel company’s stock worth $380,000 after acquiring an additional 231 shares during the period. IFP Advisors Inc grew its position in Tripadvisor by 14.5% in the fourth quarter. IFP Advisors Inc now owns 1,901 shares of the travel company’s stock worth $102,000 after acquiring an additional 241 shares during the period. Finally, State Treasurer State of Michigan grew its position in Tripadvisor by 1.0% in the first quarter. State Treasurer State of Michigan now owns 29,654 shares of the travel company’s stock worth $1,526,000 after acquiring an additional 300 shares during the period. Institutional investors own 89.29% of the company’s stock.

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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