Tripadvisor (TRIP) Trading 0.2% Higher

Tripadvisor Inc (NASDAQ:TRIP) traded up 0.2% on Wednesday . The stock traded as high as $41.31 and last traded at $40.92. 2,549,382 shares changed hands during trading, a decline of 14% from the average session volume of 2,970,701 shares. The stock had previously closed at $40.84.

Several equities research analysts have weighed in on the company. Deutsche Bank cut their price target on Tripadvisor from $40.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, October 24th. Zacks Investment Research upgraded Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, January 11th. UBS Group restated a “neutral” rating and set a $43.00 target price on shares of Tripadvisor in a research report on Wednesday, November 8th. Oppenheimer restated a “hold” rating on shares of Tripadvisor in a research report on Sunday, December 17th. Finally, Wells Fargo & Co restated a “market perform” rating and set a $33.00 target price (down from $42.00) on shares of Tripadvisor in a research report on Wednesday, November 8th. Eight analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the stock. Tripadvisor presently has a consensus rating of “Hold” and an average target price of $39.42.

The stock has a market capitalization of $5,700.00, a P/E ratio of 87.34, a price-to-earnings-growth ratio of 4.29 and a beta of 2.22. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19.

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

A number of institutional investors have recently modified their holdings of TRIP. ANTIPODES PARTNERS Ltd purchased a new position in Tripadvisor in the 4th quarter valued at about $61,301,000. Allianz Asset Management GmbH purchased a new position in Tripadvisor in the 3rd quarter worth approximately $56,957,000. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Tripadvisor by 12,501.8% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,377,381 shares of the travel company’s stock worth $55,825,000 after purchasing an additional 1,366,451 shares in the last quarter. Carmignac Gestion lifted its stake in Tripadvisor by 9.4% in the 3rd quarter. Carmignac Gestion now owns 6,851,065 shares of the travel company’s stock worth $277,674,000 after purchasing an additional 585,879 shares in the last quarter. Finally, Pictet Asset Management Ltd. lifted its stake in Tripadvisor by 95.5% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,136,158 shares of the travel company’s stock worth $46,049,000 after purchasing an additional 555,106 shares in the last quarter. 90.32% of the stock is currently owned by hedge funds and other 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.

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