TRIP has been the subject of several other reports. Deutsche Bank increased their price objective on shares of Tripadvisor from $50.00 to $53.00 and gave the company a hold rating in a report on Tuesday, July 31st. Cowen reiterated a hold rating and issued a $47.00 price objective on shares of Tripadvisor in a report on Thursday, August 2nd. Zacks Investment Research cut shares of Tripadvisor from a hold rating to a sell rating in a report on Thursday, October 11th. Credit Suisse Group upgraded shares of Tripadvisor from an underperform rating to a neutral rating and increased their price objective for the company from $44.00 to $51.00 in a report on Thursday, October 25th. Finally, Stifel Nicolaus raised their target price on shares of Tripadvisor from $42.00 to $48.00 and gave the stock a hold rating in a report on Friday, August 3rd. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $53.17.
Shares of NASDAQ:TRIP traded down $3.63 during trading hours on Friday, hitting $63.30. The stock had a trading volume of 6,089,154 shares, compared to its average volume of 2,164,885. The firm has a market capitalization of $7.99 billion, a P/E ratio of 131.88, a PEG ratio of 4.57 and a beta of 1.48. Tripadvisor has a 1-year low of $29.50 and a 1-year high of $69.00.
In related news, insider Noel Bertram Watson sold 726 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $53.71, for a total transaction of $38,993.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.10% of the company’s stock.
Large investors have recently modified their holdings of the stock. Millennium Management LLC boosted its stake in Tripadvisor by 106.9% in the 1st quarter. Millennium Management LLC now owns 122,340 shares of the travel company’s stock worth $5,002,000 after purchasing an additional 63,211 shares during the period. Principal Financial Group Inc. boosted its stake in Tripadvisor by 3.9% in the 1st quarter. Principal Financial Group Inc. now owns 166,354 shares of the travel company’s stock worth $6,801,000 after purchasing an additional 6,182 shares during the period. IFM Investors Pty Ltd acquired a new position in Tripadvisor in the 2nd quarter worth approximately $267,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Tripadvisor by 7.9% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,476 shares of the travel company’s stock worth $1,754,000 after purchasing an additional 2,313 shares during the period. Finally, Bank of Montreal Can boosted its stake in Tripadvisor by 107.1% in the 2nd quarter. Bank of Montreal Can now owns 106,815 shares of the travel company’s stock worth $5,950,000 after purchasing an additional 55,235 shares during the period. Hedge funds and other institutional investors own 89.58% of the company’s stock.
Tripadvisor Company Profile
TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.
See Also: Intrinsic Value
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