Tripadvisor (TRIP) Upgraded at BidaskClub

Tripadvisor (NASDAQ:TRIP) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.

A number of other equities analysts also recently issued reports on TRIP. Zacks Investment Research downgraded Tripadvisor from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. Piper Jaffray Companies increased their target price on Tripadvisor to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 13th. ValuEngine downgraded Tripadvisor from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Cowen downgraded Tripadvisor from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $50.00 to $40.00 in a research note on Wednesday, March 6th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. Tripadvisor has a consensus rating of “Hold” and a consensus target price of $57.27.

Shares of TRIP stock traded up $0.51 during trading hours on Thursday, reaching $53.88. 703,365 shares of the company’s stock were exchanged, compared to its average volume of 2,089,408. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 51.31, a price-to-earnings-growth ratio of 3.23 and a beta of 1.30. Tripadvisor has a 1 year low of $36.75 and a 1 year high of $69.00.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Tuesday, February 12th. The travel company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. The business had revenue of $346.00 million during the quarter, compared to the consensus estimate of $342.90 million. Tripadvisor had a return on equity of 9.27% and a net margin of 7.00%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. Analysts expect that Tripadvisor will post 1.28 earnings per share for the current year.

In other Tripadvisor news, SVP Seth J. Kalvert sold 11,016 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $51.93, for a total transaction of $572,060.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ernst 02494 Teunissen sold 15,418 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $53.08, for a total value of $818,387.44. Following the transaction, the chief financial officer now directly owns 12,668 shares of the company’s stock, valued at approximately $672,417.44. The disclosure for this sale can be found here. Insiders have sold 58,745 shares of company stock valued at $3,199,589 in the last three months. 3.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. increased its position in Tripadvisor by 19.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,130 shares of the travel company’s stock worth $61,000 after buying an additional 186 shares in the last quarter. IFP Advisors Inc increased its position in Tripadvisor by 14.5% during the fourth quarter. IFP Advisors Inc now owns 1,901 shares of the travel company’s stock worth $102,000 after buying an additional 241 shares in the last quarter. Captrust Financial Advisors increased its position in Tripadvisor by 47.5% during the fourth quarter. Captrust Financial Advisors now owns 1,084 shares of the travel company’s stock worth $58,000 after buying an additional 349 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Tripadvisor by 0.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 75,674 shares of the travel company’s stock worth $3,889,000 after buying an additional 395 shares in the last quarter. Finally, ETF Managers Group LLC increased its position in Tripadvisor by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 3,190 shares of the travel company’s stock worth $172,000 after buying an additional 435 shares in the last quarter. 88.12% of the stock is owned by institutional investors.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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