Tripadvisor (TRIP) Upgraded at Guggenheim

Guggenheim upgraded shares of Tripadvisor (NASDAQ:TRIP) from a sell rating to a neutral rating in a research report released on Tuesday morning, BenzingaRatingsTable reports.

Several other research analysts also recently commented on TRIP. BidaskClub upgraded shares of Tripadvisor from a hold rating to a buy rating in a research report on Tuesday, January 29th. Piper Jaffray Companies boosted their price objective on shares of Tripadvisor to $58.00 and gave the company a neutral rating in a research report on Wednesday, February 13th. Zacks Investment Research downgraded shares of Tripadvisor from a buy rating to a hold rating in a research report on Monday, February 18th. ValuEngine downgraded shares of Tripadvisor from a buy rating to a hold rating in a research report on Friday, March 1st. Finally, Cowen downgraded shares of Tripadvisor from a market perform rating to an underperform rating and lowered their price objective for the company from $50.00 to $40.00 in a research report on Wednesday, March 6th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $56.60.

Shares of TRIP opened at $45.74 on Tuesday. Tripadvisor has a one year low of $43.40 and a one year high of $69.00. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 43.56, a PEG ratio of 2.72 and a beta of 1.29.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, May 7th. The travel company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. Tripadvisor had a net margin of 8.31% and a return on equity of 10.24%. The business had revenue of $376.00 million during the quarter, compared to the consensus estimate of $387.27 million. During the same period in the previous year, the business earned $0.30 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Equities research analysts anticipate that Tripadvisor will post 1.32 EPS for the current year.

In other news, insider Dermot Halpin sold 14,656 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $55.15, for a total transaction of $808,278.40. Following the completion of the transaction, the insider now directly owns 29,649 shares in the company, valued at $1,635,142.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ernst 02494 Teunissen sold 15,418 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $53.08, for a total transaction of $818,387.44. Following the transaction, the chief financial officer now owns 12,668 shares of the company’s stock, valued at $672,417.44. The disclosure for this sale can be found here. Insiders have sold 44,459 shares of company stock valued at $2,384,022 over the last quarter. Company insiders own 3.50% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its holdings in Tripadvisor by 19.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,130 shares of the travel company’s stock valued at $61,000 after purchasing an additional 186 shares during the period. Mason Street Advisors LLC increased its holdings in Tripadvisor by 1.6% in the first quarter. Mason Street Advisors LLC now owns 14,662 shares of the travel company’s stock valued at $754,000 after purchasing an additional 227 shares during the period. Skandinaviska Enskilda Banken AB publ increased its holdings in Tripadvisor by 3.2% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 7,378 shares of the travel company’s stock valued at $380,000 after purchasing an additional 231 shares during the period. IFP Advisors Inc increased its holdings in Tripadvisor by 14.5% in the fourth quarter. IFP Advisors Inc now owns 1,901 shares of the travel company’s stock valued at $102,000 after purchasing an additional 241 shares during the period. Finally, State Treasurer State of Michigan increased its holdings in Tripadvisor by 1.0% in the first quarter. State Treasurer State of Michigan now owns 29,654 shares of the travel company’s stock valued at $1,526,000 after purchasing an additional 300 shares during the period. Institutional investors own 89.29% of the company’s stock.

Tripadvisor Company Profile

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.

Recommended Story: Earnings Per Share (EPS)

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.