Consumer Edge started coverage on shares of Tripadvisor (NASDAQ:TRIP) in a research note released on Monday, November 18th, Briefing.com Automated Import reports. The firm issued an underweight rating and a $26.00 price target on the travel company’s stock.
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Several other analysts have also issued reports on the stock. Deutsche Bank dropped their price target on shares of Tripadvisor from $54.00 to $45.00 and set a buy rating on the stock in a research report on Tuesday, October 22nd. SunTrust Banks dropped their price target on shares of Tripadvisor from $60.00 to $43.00 and set a buy rating on the stock in a research report on Thursday, November 14th. Piper Jaffray Companies upped their price target on shares of Tripadvisor from $39.00 to $52.00 and gave the stock a neutral rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lowered shares of Tripadvisor from a neutral rating to an underweight rating and dropped their price target for the stock from $48.00 to $28.00 in a research report on Friday, November 8th. Finally, UBS Group dropped their price target on shares of Tripadvisor from $40.00 to $34.00 and set a neutral rating on the stock in a research report on Friday, November 8th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Tripadvisor has an average rating of Hold and an average price target of $43.07.
Shares of Tripadvisor stock traded up $0.19 on Monday, hitting $28.17. The company had a trading volume of 91,663 shares, compared to its average volume of 3,614,475. The stock has a 50-day moving average of $36.64 and a 200-day moving average of $41.64. The firm has a market capitalization of $3.91 billion, a P/E ratio of 26.86, a P/E/G ratio of 1.67 and a beta of 1.37. Tripadvisor has a twelve month low of $27.66 and a twelve month high of $65.41.
Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. The business had revenue of $428.00 million for the quarter, compared to analyst estimates of $459.39 million. Tripadvisor had a net margin of 7.44% and a return on equity of 9.18%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. As a group, equities analysts predict that Tripadvisor will post 1.18 EPS for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a $3.50 dividend. The ex-dividend date is Tuesday, November 19th.
Hedge funds have recently added to or reduced their stakes in the stock. PenderFund Capital Management Ltd. grew its stake in Tripadvisor by 881.8% during the second quarter. PenderFund Capital Management Ltd. now owns 2,000,000 shares of the travel company’s stock worth $2,703,000 after buying an additional 1,796,293 shares in the last quarter. AQR Capital Management LLC raised its holdings in Tripadvisor by 38.1% in the 2nd quarter. AQR Capital Management LLC now owns 5,527,639 shares of the travel company’s stock valued at $255,266,000 after buying an additional 1,526,024 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in Tripadvisor by 137.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,169,431 shares of the travel company’s stock valued at $54,133,000 after buying an additional 677,847 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Tripadvisor by 57.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,170,114 shares of the travel company’s stock valued at $54,197,000 after buying an additional 427,150 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in Tripadvisor by 194.5% in the 2nd quarter. Prudential Financial Inc. now owns 566,327 shares of the travel company’s stock valued at $26,216,000 after buying an additional 374,050 shares during the last quarter. Institutional investors and hedge funds own 81.89% of the company’s stock.
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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