TripAdvisor’s (NASDAQ:TRIP) Hold Rating Reiterated at Barclays PLC
Barclays PLC reaffirmed their hold rating on shares of TripAdvisor, Inc. (NASDAQ:TRIP) in a research note published on Wednesday. The brokerage currently has a $47.00 price target on the travel company’s stock.
A number of other equities analysts also recently issued reports on TRIP. UBS AG reiterated a neutral rating and set a $45.00 price target (down previously from $48.00) on shares of TripAdvisor in a research note on Friday, April 14th. Vetr downgraded TripAdvisor from a buy rating to a hold rating and set a $42.29 price target for the company. in a research note on Monday, April 17th. Zacks Investment Research upgraded TripAdvisor from a strong sell rating to a hold rating in a research note on Wednesday, April 19th. Jefferies Group LLC reiterated a hold rating and set a $54.00 price target on shares of TripAdvisor in a research note on Monday, April 24th. Finally, Royal Bank Of Canada reiterated a hold rating and set a $48.00 price target on shares of TripAdvisor in a research note on Monday, May 8th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $44.82.
TripAdvisor (NASDAQ TRIP) traded up 6.22% on Wednesday, hitting $42.18. The stock had a trading volume of 5,517,517 shares. TripAdvisor has a 52 week low of $35.34 and a 52 week high of $66.13. The company has a 50-day moving average price of $38.21 and a 200-day moving average price of $42.44. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 63.81 and a beta of 2.36.
TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Tuesday, August 8th. The travel company reported $0.25 EPS 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 business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. Equities research analysts anticipate that TripAdvisor will post $1.15 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new stake in TripAdvisor during the first quarter worth approximately $113,000. Mn Services Vermogensbeheer B.V. boosted its stake in TripAdvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock worth $130,000 after buying an additional 201 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in 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 worth $171,000 after buying an additional 160 shares during the period. Sphera Funds Management LTD. bought a new stake in TripAdvisor during the first quarter worth approximately $173,000. Finally, Nordea Investment Management AB boosted its stake in TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock worth $198,000 after buying an additional 157 shares during the period. 89.06% of the stock is currently owned by 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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