Tripadvisor (TRIP) Price Target Raised to $43.00

Tripadvisor (NASDAQ:TRIP) had its price objective upped by stock analysts at Bank of America from $38.00 to $43.00 in a note issued to investors on Thursday, MarketBeat reports. The brokerage presently has an “underperform” rating on the travel company’s stock. Bank of America’s price target suggests a potential downside of 32.07% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Piper Jaffray Companies reiterated an “in-line” rating and set a $54.00 target price on shares of Tripadvisor in a research report on Thursday. ValuEngine upgraded shares of Tripadvisor from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. BidaskClub upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. Finally, Credit Suisse Group upgraded shares of Tripadvisor from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $44.00 to $51.00 in a research report on Thursday, October 25th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $53.17.

Shares of Tripadvisor stock traded down $3.63 on Thursday, hitting $63.30. 6,089,154 shares of the company’s stock traded hands, compared to its average volume of 2,164,885. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 131.88, a PEG ratio of 4.57 and a beta of 1.48. Tripadvisor has a one year low of $29.50 and a one year high of $69.00.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, November 7th. The travel company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.48 by $0.24. The company had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $469.09 million. Tripadvisor had a net margin of 1.38% and a return on equity of 7.56%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS. On average, research analysts forecast that Tripadvisor will post 0.83 earnings per share for the current fiscal year.

In related news, insider Noel Bertram Watson sold 726 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $53.71, for a total value of $38,993.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its holdings in Tripadvisor by 10,215.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,960 shares of the travel company’s stock worth $119,000 after purchasing an additional 1,941 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in Tripadvisor during the 2nd quarter worth about $133,000. Tower Research Capital LLC TRC increased its holdings in Tripadvisor by 72.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock worth $152,000 after purchasing an additional 1,147 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Tripadvisor by 200.0% during the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,000 shares of the travel company’s stock worth $167,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Advisors Preferred LLC bought a new position in Tripadvisor during the 2nd quarter worth about $175,000. Institutional investors and hedge funds 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.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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