BidaskClub upgraded shares of TripAdvisor, Inc. (NASDAQ:TRIP) from a strong sell rating to a sell rating in a research note published on Wednesday.

TRIP has been the topic of several other research reports. Cowen and Company raised shares of TripAdvisor from an underperform rating to a market perform rating and set a $35.00 target price on the stock in a report on Wednesday, July 19th. Stifel Nicolaus reaffirmed a hold rating on shares of TripAdvisor in a report on Friday, July 28th. Cantor Fitzgerald reaffirmed a hold rating and issued a $54.00 target price on shares of TripAdvisor in a report on Wednesday, May 10th. Credit Suisse Group set a $45.00 target price on shares of TripAdvisor and gave the company a hold rating in a report on Tuesday, May 9th. Finally, Vetr cut shares of TripAdvisor from a hold rating to a sell rating and set a $41.00 target price on the stock. in a report on Monday, April 24th. Nine investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $44.82.

TripAdvisor (TRIP) traded up 6.22% on Wednesday, hitting $42.18. 5,517,517 shares of the company traded hands. The stock’s 50-day moving average is $38.21 and its 200 day moving average is $42.44. The firm has a market capitalization of $5.85 billion, a P/E ratio of 63.81 and a beta of 2.36. TripAdvisor has a 12 month low of $35.34 and a 12 month high of $66.13.

TripAdvisor (NASDAQ:TRIP) last issued 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 firm had revenue of $424 million during the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. Equities analysts forecast that TripAdvisor will post $1.15 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of TRIP. Norges Bank purchased a new position in TripAdvisor during the fourth quarter worth $18,194,000. Teachers Advisors LLC raised its position in TripAdvisor by 5.5% in the fourth quarter. Teachers Advisors LLC now owns 125,474 shares of the travel company’s stock worth $5,818,000 after buying an additional 6,500 shares during the period. Kentucky Retirement Systems purchased a new position in TripAdvisor during the fourth quarter worth $385,000. Highbridge Capital Management LLC purchased a new position in TripAdvisor during the fourth quarter worth $496,000. Finally, Chevy Chase Trust Holdings Inc. raised its position in TripAdvisor by 1.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 97,350 shares of the travel company’s stock worth $4,202,000 after buying an additional 1,844 shares during the period. Hedge funds and other institutional investors own 89.06% of the company’s stock.

About TripAdvisor

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.

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

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