Tripadvisor (TRIP) PT Raised to $62.00

Tripadvisor (NASDAQ:TRIP) had its target price increased by equities research analysts at DA Davidson to $62.00 in a report issued on Friday, The Fly reports. The firm currently has a “neutral” rating on the travel company’s stock. DA Davidson’s price target would suggest a potential downside of 7.37% from the stock’s previous close. The analysts noted that the move was a valuation call.

Several other research analysts also recently commented on TRIP. Zacks Investment Research raised Tripadvisor from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. UBS Group downgraded Tripadvisor from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $47.00 to $50.00 in a research note on Friday. SunTrust Banks lifted their target price on Tripadvisor to $66.00 and gave the company a “hold” rating in a research note on Friday. Wedbush reissued a “neutral” rating and set a $66.00 target price on shares of Tripadvisor in a research note on Friday. Finally, BidaskClub raised Tripadvisor from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $51.56.

NASDAQ TRIP opened at $66.93 on Friday. Tripadvisor has a 52 week low of $29.50 and a 52 week high of $69.00. The stock has a market capitalization of $7.84 billion, a PE ratio of 139.44, a P/E/G ratio of 4.48 and a beta of 1.48.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, November 7th. The travel company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.48 by $0.24. Tripadvisor had a positive return on equity of 4.36% and a negative net margin of 1.40%. The firm had revenue of $458.00 million for the quarter, compared to the consensus estimate of $469.09 million. During the same quarter last year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts expect that Tripadvisor will post 0.83 EPS for the current fiscal year.

In other Tripadvisor news, insider Noel Bertram Watson sold 726 shares of Tripadvisor stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $53.71, for a total value of $38,993.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Zurich Insurance Group Ltd FI bought a new stake in Tripadvisor in the 2nd quarter worth approximately $2,249,000. Stelliam Investment Management LP boosted its holdings in shares of Tripadvisor by 9.4% in the 2nd quarter. Stelliam Investment Management LP now owns 495,000 shares of the travel company’s stock worth $27,576,000 after purchasing an additional 42,500 shares during the period. Nomura Holdings Inc. boosted its holdings in Tripadvisor by 186.9% during the 2nd quarter. Nomura Holdings Inc. now owns 250,548 shares of the travel company’s stock valued at $13,958,000 after acquiring an additional 163,209 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Tripadvisor by 72.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock valued at $152,000 after acquiring an additional 1,147 shares during the period. Finally, Flinton Capital Management LLC boosted its holdings in Tripadvisor by 31.3% during the 2nd quarter. Flinton Capital Management LLC now owns 9,520 shares of the travel company’s stock valued at $531,000 after acquiring an additional 2,272 shares during the period. 89.58% of the stock is currently owned by institutional investors and hedge funds.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

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The Fly

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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