TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “neutral” rating reiterated by investment analysts at Susquehanna Bancshares Inc in a research note issued on Thursday. They currently have a $32.00 target price on the travel company’s stock, down from their prior target price of $40.00. Susquehanna Bancshares Inc’s target price indicates a potential downside of 24.13% from the company’s previous close.
Other analysts have also issued research reports about the stock. Hilliard Lyons raised shares of TripAdvisor from a “neutral” rating to a “buy” rating and raised their price target for the company from $45.00 to $65.00 in a report on Friday, May 12th. Barclays PLC lowered their price target on shares of TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. Zacks Investment Research raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Deutsche Bank AG lowered their price target on shares of TripAdvisor from $37.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, May 11th. Finally, Stifel Nicolaus raised their price target on shares of TripAdvisor from $37.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, May 11th. Nine equities 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 stock currently has an average rating of “Hold” and a consensus price target of $44.82.
TripAdvisor (TRIP) opened at 42.18 on Thursday. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 63.81 and a beta of 2.36. The company has a 50-day moving average price of $38.21 and a 200-day moving average price of $42.44. TripAdvisor has a one year low of $35.34 and a one year high of $66.13.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. The company 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 revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 EPS. Equities research analysts anticipate that TripAdvisor will post $1.15 EPS for the current year.
A number of large investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of TripAdvisor during the first quarter valued at approximately $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 period. 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 period. Sphera Funds Management LTD. acquired 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 period. 89.06% of the stock is currently owned by hedge funds and other institutional investors.
TripAdvisor Company Profile
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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