Zacks Investment Research upgraded shares of TripAdvisor, Inc. (NASDAQ:TRIP) from a sell rating to a hold rating in a research note published on Friday morning.
According to Zacks, “TripAdvisor is one of the largest online travel research companies in the world. The company's third-quarter results were driven by growth in its Display-based and Non-Hotel segment revenues. However, increasing investments continue to be a concern. On a year-to-date basis, the stock has underperformed the Industry to which it belongs to. However, the secular growth trend in the online travel space, the company’s solid fundamentals, growth initiatives, partnerships to boost hotel bookings, strong focus on developing its mobile products, expansion into the international restaurant reservation space and improvement in user growth and engagement, especially related to mobile devices are likely to help the company to achieve desired results. Macro headwinds, increasing competition and uncertainty regarding the timeline for recovery of investments remain overhangs.”
TRIP has been the topic of a number of other research reports. ValuEngine raised shares of TripAdvisor from a sell rating to a hold rating in a report on Wednesday, September 6th. Deutsche Bank AG decreased their price objective on shares of TripAdvisor from $40.00 to $37.00 and set a hold rating on the stock in a report on Tuesday, October 24th. BidaskClub lowered shares of TripAdvisor from a sell rating to a strong sell rating in a report on Thursday, July 27th. Jefferies Group LLC reissued a sell rating and set a $27.00 price objective on shares of TripAdvisor in a report on Friday, November 10th. Finally, SunTrust Banks, Inc. reissued a hold rating and set a $44.00 price objective on shares of TripAdvisor in a report on Thursday, October 12th. Eight research analysts have rated the stock with a sell rating and twenty have given a hold rating to the company. TripAdvisor currently has an average rating of Hold and a consensus price target of $40.05.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. TripAdvisor had a net margin of 4.26% and a return on equity of 6.81%. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue was up 4.3% on a year-over-year basis. equities analysts forecast that TripAdvisor will post 0.69 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC acquired a new stake in TripAdvisor during the 2nd quarter worth approximately $19,979,000. Hosking Partners LLP raised its holdings in TripAdvisor by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 197,913 shares of the travel company’s stock worth $7,560,000 after buying an additional 3,178 shares during the period. Federated Investors Inc. PA raised its holdings in TripAdvisor by 1,052.0% during the 2nd quarter. Federated Investors Inc. PA now owns 26,760 shares of the travel company’s stock worth $1,022,000 after buying an additional 24,437 shares during the period. State of Wisconsin Investment Board raised its holdings in TripAdvisor by 22.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 90,133 shares of the travel company’s stock worth $3,443,000 after buying an additional 16,670 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in TripAdvisor during the 3rd quarter worth approximately $927,000. Hedge funds and other institutional investors own 90.32% of the company’s stock.
TripAdvisor Company Profile
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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