Trade Report: Today: TripAdvisor Inc. (TRIP) Receives Consensus Recommendation of “Hold” from Analysts

Today: TripAdvisor Inc. (TRIP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of TripAdvisor Inc. (NASDAQ:TRIP) have received an average recommendation of “Hold” from the twenty-six research firms that are currently covering the firm. Three investment analysts have rated the stock with a sell recommendation, nineteen have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $62.42.

TRIP has been the subject of a number of analyst reports. Bank of America Corp. set a $41.00 price target on TripAdvisor and gave the stock a “sell” rating in a report on Monday, September 12th. Jefferies Group reduced their price target on TripAdvisor from $70.00 to $68.00 and set a “hold” rating for the company in a report on Monday, August 1st. Oppenheimer Holdings Inc. reaffirmed a “” rating on shares of TripAdvisor in a report on Friday, August 5th. Wells Fargo & Co. reaffirmed a “market perform” rating and issued a $67.00 price target (down previously from $71.00) on shares of TripAdvisor in a report on Sunday, August 7th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating on shares of TripAdvisor in a report on Sunday, August 28th.

Shares of TripAdvisor (NASDAQ:TRIP) traded down 1.339% during trading on Monday, hitting $50.485. The stock had a trading volume of 909,009 shares. The firm’s 50-day moving average is $58.89 and its 200 day moving average is $63.31. TripAdvisor has a 52-week low of $48.52 and a 52-week high of $87.50. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 60.679 and a beta of 2.31.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, November 8th. The travel company reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The company earned $421 million during the quarter, compared to analysts’ expectations of $436.31 million. TripAdvisor had a return on equity of 12.67% and a net margin of 8.08%. TripAdvisor’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. On average, analysts expect that TripAdvisor will post $1.54 EPS for the current year.

In other TripAdvisor news, Viator CEO Barrie Seidenberg sold 4,274 shares of the firm’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $60.77, for a total value of $259,730.98. Following the sale, the insider now directly owns 286 shares in the company, valued at $17,380.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Seth J. Kalvert sold 1,687 shares of the firm’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $60.50, for a total value of $102,063.50. Following the completion of the sale, the senior vice president now owns 10,653 shares in the company, valued at $644,506.50. The disclosure for this sale can be found here. 0.98% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Global X Management Co. LLC boosted its stake in TripAdvisor by 60.3% in the third quarter. Global X Management Co. LLC now owns 1,899 shares of the travel company’s stock worth $120,000 after buying an additional 714 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its stake in TripAdvisor by 125.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,875 shares of the travel company’s stock worth $121,000 after buying an additional 1,045 shares in the last quarter. MSI Financial Services Inc boosted its stake in TripAdvisor by 0.3% in the third quarter. MSI Financial Services Inc now owns 2,387 shares of the travel company’s stock worth $151,000 after buying an additional 6 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in TripAdvisor by 3,544.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the travel company’s stock worth $169,000 after buying an additional 2,552 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in TripAdvisor by 2.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,012 shares of the travel company’s stock worth $174,000 after buying an additional 84 shares in the last quarter. Institutional investors own 87.14% of the company’s stock.

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