Tripadvisor Inc (NASDAQ:TRIP) – Stock analysts at Wedbush increased their Q2 2019 earnings estimates for Tripadvisor in a research note issued to investors on Thursday, May 9th. Wedbush analyst J. Hardiman now forecasts that the travel company will post earnings of $0.37 per share for the quarter, up from their prior forecast of $0.33. Wedbush currently has a “Neutral” rating and a $50.00 target price on the stock. Wedbush also issued estimates for Tripadvisor’s Q3 2019 earnings at $0.53 EPS.
TRIP has been the topic of several other research reports. BidaskClub upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. ValuEngine lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Piper Jaffray Companies raised their target price on shares of Tripadvisor to $58.00 and gave the company a “neutral” rating in a research note on Wednesday, February 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $57.00 target price on shares of Tripadvisor in a research note on Monday, April 29th. Finally, DA Davidson lowered their target price on shares of Tripadvisor to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $56.40.
Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, May 7th. The travel company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.05. Tripadvisor had a net margin of 8.31% and a return on equity of 10.24%. The company had revenue of $376.00 million for the quarter, compared to analyst estimates of $387.27 million. During the same quarter in the prior year, the business posted $0.30 EPS. Tripadvisor’s quarterly revenue was down .5% on a year-over-year basis.
In other Tripadvisor news, insider Dermot Halpin sold 17,655 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $56.69, for a total value of $1,000,861.95. Following the sale, the insider now directly owns 21,791 shares in the company, valued at approximately $1,235,331.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Noel Bertram Watson sold 3,369 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $55.00, for a total transaction of $185,295.00. The disclosure for this sale can be found here. Insiders sold a total of 62,114 shares of company stock worth $3,384,884 over the last quarter. 3.10% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. grew its position in Tripadvisor by 3,815.4% in the 1st quarter. Rockefeller Capital Management L.P. now owns 509 shares of the travel company’s stock worth $27,000 after purchasing an additional 496 shares during the last quarter. Oakworth Capital Inc. acquired a new stake in Tripadvisor in the 4th quarter worth $32,000. Rational Advisors LLC grew its position in Tripadvisor by 870.8% in the 4th quarter. Rational Advisors LLC now owns 631 shares of the travel company’s stock worth $34,000 after purchasing an additional 566 shares during the last quarter. Taylor Hoffman Wealth Management acquired a new stake in Tripadvisor in the 4th quarter worth $54,000. Finally, CSat Investment Advisory L.P. grew its position in Tripadvisor by 65.1% in the 1st quarter. CSat Investment Advisory L.P. now owns 1,083 shares of the travel company’s stock worth $56,000 after purchasing an additional 427 shares during the last quarter. Institutional investors own 88.64% of the company’s stock.
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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