Tripadvisor (TRIP) Trading 0.2% Higher

Tripadvisor Inc (NASDAQ:TRIP)’s share price traded up 0.2% on Wednesday . The company traded as high as $41.31 and last traded at $40.92. 2,549,382 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 2,970,701 shares. The stock had previously closed at $40.84.

A number of equities analysts recently weighed in on the company. BidaskClub raised Tripadvisor from a “strong sell” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research cut Tripadvisor from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. ValuEngine cut Tripadvisor from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Oppenheimer reaffirmed a “hold” rating on shares of Tripadvisor in a report on Thursday, January 25th. Finally, Cowen reaffirmed a “market perform” rating and issued a $40.00 price target (up previously from $30.00) on shares of Tripadvisor in a report on Monday, November 27th. Eight research analysts have rated the stock with a sell rating and eighteen have assigned a hold rating to the company. The company has an average rating of “Hold” and an average price target of $39.42.

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47. The stock has a market capitalization of $5,700.94, a PE ratio of 84.90, a PEG ratio of 4.74 and a beta of 2.22.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $451.27 million. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. equities research analysts predict that Tripadvisor Inc will post 0.69 earnings per share for the current fiscal year.

In other news, CFO Ernst 02494 Teunissen sold 9,457 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total value of $378,280.00. Following the completion of the sale, the chief financial officer now directly owns 13,866 shares in the company, valued at $554,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. FNY Managed Accounts LLC purchased a new position in Tripadvisor in the third quarter worth approximately $101,000. SeaCrest Wealth Management LLC purchased a new position in Tripadvisor in the fourth quarter worth approximately $104,000. NuWave Investment Management LLC purchased a new position in Tripadvisor in the fourth quarter worth approximately $116,000. Steward Partners Investment Advisory LLC grew its position in Tripadvisor by 164.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock worth $168,000 after acquiring an additional 3,037 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in Tripadvisor in the fourth quarter worth approximately $180,000. Institutional investors and hedge funds own 90.32% of the company’s stock.

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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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