Tripadvisor (NASDAQ:TRIP)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday, AnalystRatings.com reports. They presently have a $63.00 price target on the travel company’s stock. Needham & Company LLC’s target price indicates a potential upside of 97.12% from the company’s current price.
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TRIP has been the topic of several other research reports. Jefferies Financial Group reaffirmed a “sell” rating on shares of Tripadvisor in a research report on Tuesday, October 15th. Stifel Nicolaus reissued a “hold” rating and issued a $50.00 target price on shares of Tripadvisor in a report on Friday, August 9th. Cowen set a $39.00 target price on Tripadvisor and gave the company a “sell” rating in a report on Friday, August 9th. Standpoint Research initiated coverage on Tripadvisor in a report on Tuesday, July 16th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, Bank of America dropped their target price on Tripadvisor from $43.00 to $40.00 and set an “underperform” rating on the stock in a report on Friday, August 9th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $47.87.
Shares of TRIP traded up $0.31 during midday trading on Thursday, hitting $31.96. The company had a trading volume of 6,135,600 shares, compared to its average volume of 1,867,056. The firm has a market capitalization of $5.71 billion, a P/E ratio of 30.44, a P/E/G ratio of 1.89 and a beta of 1.37. Tripadvisor has a 1 year low of $29.27 and a 1 year high of $65.54. The company’s 50-day simple moving average is $38.72 and its 200-day simple moving average is $43.12.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $428.00 million for the quarter, compared to analyst estimates of $459.39 million. Tripadvisor had a return on equity of 10.63% and a net margin of 8.49%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, analysts anticipate that Tripadvisor will post 1.27 EPS for the current year.
In other news, insider Dermot Halpin sold 3,409 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $40.23, for a total value of $137,144.07. Following the transaction, the insider now owns 752 shares of the company’s stock, valued at $30,252.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its stake in shares of Tripadvisor by 1.4% in the third quarter. Nisa Investment Advisors LLC now owns 22,329 shares of the travel company’s stock valued at $864,000 after buying an additional 300 shares in the last quarter. MUFG Americas Holdings Corp boosted its stake in shares of Tripadvisor by 136.1% in the second quarter. MUFG Americas Holdings Corp now owns 687 shares of the travel company’s stock valued at $32,000 after buying an additional 396 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of Tripadvisor by 2.0% in the third quarter. State of Michigan Retirement System now owns 25,254 shares of the travel company’s stock valued at $977,000 after buying an additional 500 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Tripadvisor by 0.3% in the third quarter. Rhumbline Advisers now owns 191,541 shares of the travel company’s stock valued at $7,409,000 after buying an additional 541 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Tripadvisor in the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 85.77% of the company’s stock.
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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