Tripadvisor (NASDAQ:TRIP)‘s stock had its “hold” rating reissued by equities research analysts at SunTrust Banks in a note issued to investors on Tuesday, AnalystRatings.com reports. They presently have a $60.00 price target on the travel company’s stock. SunTrust Banks’ price target points to a potential upside of 30.98% from the stock’s previous close.
The analysts wrote, “We’re updating our estimates to reflect 1Q results and mgt’s outlook. We continue to expect double-digit EBITDA growth in FY19. While NT growth in core Hotel is likely to remain pressured by TRIP’s ad cuts, we believe that fundamentals should continue to stabilize.””
Other research analysts also recently issued reports about the company. BidaskClub downgraded Tripadvisor from a “hold” rating to a “sell” rating in a research note on Thursday, May 30th. Barclays dropped their price objective on Tripadvisor from $78.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. Zacks Investment Research downgraded Tripadvisor from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. Cowen downgraded Tripadvisor from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $50.00 to $40.00 in a research note on Wednesday, March 6th. Finally, Deutsche Bank raised Tripadvisor from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Friday, May 3rd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $56.60.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, May 7th. The travel company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. Tripadvisor had a return on equity of 10.24% and a net margin of 8.31%. The firm had revenue of $376.00 million for the quarter, compared to analyst estimates of $387.27 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue was down .5% on a year-over-year basis. On average, analysts forecast that Tripadvisor will post 1.32 earnings per share for the current year.
In other news, SVP Seth J. Kalvert sold 11,016 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $51.93, for a total value of $572,060.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Noel Bertram Watson sold 3,369 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $55.00, for a total value of $185,295.00. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its holdings in shares of Tripadvisor by 3,815.4% in the first quarter. Rockefeller Capital Management L.P. now owns 509 shares of the travel company’s stock valued at $27,000 after acquiring an additional 496 shares in the last quarter. Oakworth Capital Inc. bought a new position in shares of Tripadvisor in the fourth quarter valued at approximately $32,000. Rational Advisors LLC grew its holdings in shares of Tripadvisor by 870.8% in the fourth quarter. Rational Advisors LLC now owns 631 shares of the travel company’s stock valued at $34,000 after acquiring an additional 566 shares in the last quarter. Meridian Wealth Management LLC bought a new position in shares of Tripadvisor in the first quarter valued at approximately $42,000. Finally, CSat Investment Advisory L.P. grew its holdings in shares of Tripadvisor by 65.1% in the first quarter. CSat Investment Advisory L.P. now owns 1,083 shares of the travel company’s stock valued at $56,000 after acquiring an additional 427 shares in the last quarter. 86.72% of the stock is owned by hedge funds and other institutional investors.
Tripadvisor Company Profile
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.
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