TripAdvisor, Inc. (NASDAQ:TRIP) has been assigned a consensus rating of “Hold” from the twenty-five analysts that are currently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $44.06.
Several research firms have recently issued reports on TRIP. Stifel Nicolaus raised their price target on TripAdvisor from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, May 11th. Credit Suisse Group set a $45.00 price target on TripAdvisor and gave the stock a “hold” rating in a research report on Tuesday, May 9th. Royal Bank Of Canada restated a “hold” rating and issued a $48.00 price target on shares of TripAdvisor in a research report on Monday, May 8th. Cantor Fitzgerald restated a “hold” rating and issued a $54.00 price target on shares of TripAdvisor in a research report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded TripAdvisor from a “sell” rating to a “hold” rating in a research report on Monday, May 15th.
Institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. acquired a new position in shares of TripAdvisor during the fourth quarter worth $228,000. Federated Investors Inc. PA increased its position in shares of TripAdvisor by 162.0% in the fourth quarter. Federated Investors Inc. PA now owns 7,381 shares of the travel company’s stock worth $342,000 after buying an additional 4,564 shares during the period. Janus Capital Management LLC increased its position in shares of TripAdvisor by 10.7% in the fourth quarter. Janus Capital Management LLC now owns 12,514 shares of the travel company’s stock worth $580,000 after buying an additional 1,214 shares during the period. Norges Bank acquired a new position in shares of TripAdvisor during the fourth quarter worth $18,194,000. Finally, Quadrature Capital Ltd acquired a new position in shares of TripAdvisor during the fourth quarter worth $1,098,000. 89.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TripAdvisor (NASDAQ:TRIP) opened at 42.18 on Friday. The stock’s 50 day moving average price is $38.21 and its 200 day moving average price is $42.44. TripAdvisor has a one year low of $35.34 and a one year high of $66.13. The stock has a market capitalization of $5.85 billion, a P/E ratio of 63.81 and a beta of 2.36.
TripAdvisor (NASDAQ:TRIP) last released 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. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The firm had revenue of $424 million during the quarter, compared to analyst estimates of $421.66 million. During the same period last year, the business posted $0.38 earnings per share. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts forecast that TripAdvisor will post $1.15 EPS for the current year.
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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