Tripadvisor (NASDAQ:TRIP) Upgraded to Sell by BidaskClub

BidaskClub upgraded shares of Tripadvisor (NASDAQ:TRIP) from a strong sell rating to a sell rating in a report released on Thursday morning, BidAskClub reports.

Several other brokerages have also recently issued reports on TRIP. Standpoint Research assumed coverage on shares of Tripadvisor in a research note on Tuesday, July 16th. They issued a buy rating and a $60.00 price objective on the stock. Cleveland Research assumed coverage on shares of Tripadvisor in a research note on Wednesday, June 19th. They issued a neutral rating on the stock. Barclays lowered their price objective on shares of Tripadvisor from $70.00 to $64.00 and set an overweight rating on the stock in a research note on Friday, August 9th. Guggenheim raised shares of Tripadvisor from a sell rating to a neutral rating in a research note on Tuesday, May 21st. Finally, Bank of America lowered their price objective on shares of Tripadvisor from $43.00 to $40.00 and set an underperform rating on the stock in a research note on Friday, August 9th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. Tripadvisor has an average rating of Hold and a consensus target price of $54.63.

Shares of TRIP traded down $0.32 during mid-day trading on Thursday, hitting $40.95. The company’s stock had a trading volume of 69,413 shares, compared to its average volume of 1,728,192. The firm has a 50-day moving average price of $40.41 and a 200 day moving average price of $46.86. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 38.99, a PEG ratio of 2.07 and a beta of 1.36. Tripadvisor has a fifty-two week low of $35.41 and a fifty-two week high of $69.00.



Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, August 7th. The travel company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.08). The business had revenue of $422.00 million during the quarter, compared to analyst estimates of $445.46 million. Tripadvisor had a return on equity of 10.63% and a net margin of 8.49%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. Equities research analysts forecast that Tripadvisor will post 1.24 EPS for the current fiscal year.

In other news, insider Dermot Halpin sold 3,409 shares of Tripadvisor stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $40.23, for a total value of $137,144.07. Following the transaction, the insider now directly owns 752 shares of the company’s stock, valued at $30,252.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Ernst 02494 Teunissen sold 8,117 shares of Tripadvisor stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $45.60, for a total transaction of $370,135.20. Following the completion of the transaction, the chief financial officer now directly owns 14,599 shares in the company, valued at $665,714.40. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of TRIP. Dimensional Fund Advisors LP boosted its holdings in shares of Tripadvisor by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 673,300 shares of the travel company’s stock worth $36,318,000 after purchasing an additional 10,691 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Tripadvisor by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,513,719 shares of the travel company’s stock worth $81,522,000 after purchasing an additional 130,224 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Tripadvisor by 2,620.5% during the first quarter. Victory Capital Management Inc. now owns 41,025 shares of the travel company’s stock worth $2,111,000 after purchasing an additional 39,517 shares during the period. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Tripadvisor by 4.0% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 9,552 shares of the travel company’s stock worth $491,000 after purchasing an additional 371 shares during the period. Finally, State Treasurer State of Michigan boosted its holdings in shares of Tripadvisor by 1.0% during the first quarter. State Treasurer State of Michigan now owns 29,654 shares of the travel company’s stock worth $1,526,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 86.02% of the company’s stock.

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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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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