TripAdvisor, Inc. (TRIP) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of TripAdvisor, Inc. (NASDAQ:TRIP) from a hold rating to a sell rating in a research report sent to investors on Tuesday, July 11th.

According to Zacks, “TripAdvisor is one of the largest online travel research companies in the world. The company's first quarter earnings and revenue missed the Zacks Consensus Estimate. Also, over the last one year, the stock has underperformed the Zacks characterised Electronic Commerce Industry. However, the secular growth trend in the online travel space, the company’s solid fundamentals, growth initiatives, partnerships to boost hotel bookings, strong focus on developing its mobile products, expansion into the international restaurant reservation space and improvement in user growth and engagement, especially related to mobile devices are likely to help the company to achieve desired results. Macro headwinds, increasing competition and uncertainty regarding the timeline for recovery of investments remain overhangs.”

TRIP has been the topic of several other research reports. Cantor Fitzgerald restated a hold rating and issued a $54.00 price target on shares of TripAdvisor in a report on Wednesday, May 10th. Credit Suisse Group set a $45.00 price objective on shares of TripAdvisor and gave the company a hold rating in a research report on Tuesday, May 9th. Bank of America Corporation reaffirmed an underperform rating and issued a $35.00 price objective on shares of TripAdvisor in a research report on Sunday, May 28th. Vetr downgraded shares of TripAdvisor from a hold rating to a sell rating and set a $41.00 price objective for the company. in a research report on Monday, April 24th. Finally, UBS AG reaffirmed a neutral rating and issued a $45.00 price objective (down previously from $48.00) on shares of TripAdvisor in a research report on Friday, April 14th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $44.82.

Shares of TripAdvisor (TRIP) traded up 6.22% during mid-day trading on Tuesday, hitting $42.18. 5,517,517 shares of the stock traded hands. TripAdvisor has a 12-month low of $35.34 and a 12-month high of $66.13. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 63.81 and a beta of 2.36. The firm’s 50 day moving average price is $38.02 and its 200 day moving average price is $42.51. TripAdvisor also was the recipient of some unusual options trading activity on Tuesday. Traders bought 12,124 put options on the stock. This represents an increase of approximately 753% compared to the typical daily volume of 1,421 put options.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly 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. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The business had revenue of $424 million during the quarter, compared to analysts’ expectations of $421.66 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities research analysts predict that TripAdvisor will post $1.15 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the stock. Profund Advisors LLC boosted its stake in TripAdvisor by 11.9% in the first quarter. Profund Advisors LLC now owns 42,933 shares of the travel company’s stock worth $1,853,000 after buying an additional 4,555 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in TripAdvisor by 130.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 8,539 shares of the travel company’s stock worth $385,000 after buying an additional 4,827 shares during the last quarter. Bank of Nova Scotia bought a new stake in TripAdvisor during the first quarter worth about $1,612,000. Soros Fund Management LLC boosted its stake in TripAdvisor by 1,269.2% in the first quarter. Soros Fund Management LLC now owns 249,280 shares of the travel company’s stock worth $10,759,000 after buying an additional 231,074 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in TripAdvisor by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 34,810 shares of the travel company’s stock worth $1,502,000 after buying an additional 300 shares during the last quarter. 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.

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