TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “neutral” rating reissued by UBS AG in a research note issued on Thursday. They presently have a $43.00 price target on the travel company’s stock, down from their previous price target of $50.00. UBS AG’s price target would suggest a potential upside of 1.94% from the stock’s current price.
Other analysts have also issued research reports about the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 target price (down previously from $45.00) on shares of TripAdvisor in a report on Thursday. Zacks Investment Research raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Bank of America Corporation reaffirmed an “underperform” rating and set a $30.00 target price (down previously from $35.00) on shares of TripAdvisor in a report on Wednesday. Barclays PLC reaffirmed a “hold” rating and set a $47.00 target price on shares of TripAdvisor in a report on Wednesday. Finally, Piper Jaffray Companies decreased their target price on shares of TripAdvisor to $43.00 and set a “neutral” rating on the stock in a report on Wednesday. Nine investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $44.82.
Shares of TripAdvisor (NASDAQ:TRIP) opened at 42.18 on Thursday. 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 company’s 50 day moving average is $38.21 and its 200 day moving average is $42.44. TripAdvisor has a 52-week low of $35.34 and a 52-week high of $66.13.
TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share (EPS) for the quarter, missing the 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 the consensus estimate of $421.66 million. During the same period last year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts anticipate that TripAdvisor will post $1.15 earnings per share for the current year.
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Several large investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. acquired a new stake in shares of TripAdvisor during the first quarter worth about $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 worth $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 worth $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 worth about $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 worth $198,000 after buying an additional 157 shares during the period. 89.06% of the stock is owned by 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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