Tripadvisor (TRIP) Rating Reiterated by Oppenheimer

Tripadvisor (NASDAQ:TRIP)‘s stock had its “hold” rating reaffirmed by investment analysts at Oppenheimer in a research note issued on Sunday.

TRIP has been the subject of several other research reports. Deutsche Bank reduced their target price on shares of Tripadvisor from $40.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, October 24th. UBS reiterated a “neutral” rating and issued a $43.00 target price on shares of Tripadvisor in a research note on Wednesday, November 8th. ValuEngine upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Jefferies Group downgraded shares of Tripadvisor from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $50.00 to $30.00 in a research note on Thursday, August 24th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $33.00 target price (down previously from $42.00) on shares of Tripadvisor in a research note on Wednesday, November 8th. Seven research analysts have rated the stock with a sell rating and twenty have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.44.

Shares of Tripadvisor (NASDAQ:TRIP) opened at $35.46 on Friday. The company has a market cap of $4,864.90, a PE ratio of 50.77, a price-to-earnings-growth ratio of 2.84 and a beta of 2.32. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47. Tripadvisor has a 12-month low of $29.50 and a 12-month high of $53.58.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $451.27 million. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. equities analysts forecast that Tripadvisor will post 0.69 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC grew its stake in Tripadvisor by 60.0% during the third quarter. Parametric Portfolio Associates LLC now owns 791,075 shares of the travel company’s stock valued at $32,062,000 after acquiring an additional 296,586 shares in the last quarter. 683 Capital Management LLC purchased a new position in Tripadvisor during the third quarter valued at approximately $12,159,000. RWC Asset Management LLP grew its stake in Tripadvisor by 17.9% during the third quarter. RWC Asset Management LLP now owns 48,068 shares of the travel company’s stock valued at $1,948,000 after acquiring an additional 7,304 shares in the last quarter. California Public Employees Retirement System grew its stake in Tripadvisor by 3.8% during the third quarter. California Public Employees Retirement System now owns 214,521 shares of the travel company’s stock valued at $8,695,000 after acquiring an additional 7,821 shares in the last quarter. Finally, Arbor Wealth Management LLC purchased a new position in Tripadvisor during the third quarter valued at approximately $713,000. 88.76% of the stock is owned by institutional investors.

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About Tripadvisor

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.

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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