Hilliard Lyons upgraded shares of TripAdvisor, Inc. (NASDAQ:TRIP) from a neutral rating to a buy rating in a report published on Friday, May 12th. Hilliard Lyons currently has $65.00 target price on the travel company’s stock, up from their previous target price of $45.00.
A number of other analysts have also commented on the company. Cowen and Company reaffirmed an underperform rating and issued a $35.00 target price on shares of TripAdvisor in a research report on Wednesday, March 8th. Vetr lowered TripAdvisor from a strong-buy rating to a buy rating and set a $46.78 target price for the company. in a research report on Monday, March 13th. Zacks Investment Research lowered TripAdvisor from a hold rating to a sell rating in a research report on Thursday, May 4th. Stifel Nicolaus boosted their price objective on TripAdvisor from $37.00 to $40.00 and gave the stock a hold rating in a report on Thursday, May 11th. Finally, Deutsche Bank AG decreased their price objective on TripAdvisor from $37.00 to $35.00 and set a hold rating for the company in a report on Thursday, May 11th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $49.00.
TripAdvisor (NASDAQ TRIP) remained flat at $37.91 during trading on Friday. 3,408,676 shares of the stock were exchanged. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 53.32 and a beta of 2.33. TripAdvisor has a 12-month low of $36.85 and a 12-month high of $71.69. The stock’s 50 day moving average is $42.07 and its 200 day moving average is $45.44.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, May 9th. The travel company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $372 million during the quarter, compared to analyst estimates of $376.67 million. TripAdvisor had a net margin of 6.87% and a return on equity of 8.87%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, equities analysts anticipate that TripAdvisor will post $1.15 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. purchased a new position in TripAdvisor during the first quarter worth $113,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of TripAdvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock valued at $130,000 after buying an additional 201 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of 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 valued at $171,000 after buying an additional 160 shares during the last quarter. Sphera Funds Management LTD. bought a new stake in shares of TripAdvisor during the first quarter valued at approximately $173,000. Finally, Nordea Investment Management AB boosted its stake in shares of TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after buying an additional 157 shares during the last quarter. Institutional investors own 90.08% of the company’s stock.
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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