A number of other brokerages also recently issued reports on TRIP. UBS Group upgraded Tripadvisor from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $44.00 to $40.00 in a research note on Wednesday, September 4th. Stifel Nicolaus restated a “hold” rating and issued a $50.00 price objective on shares of Tripadvisor in a research note on Friday, August 9th. Bank of America reduced their price objective on Tripadvisor from $43.00 to $40.00 and set an “underperform” rating for the company in a research note on Friday, August 9th. DA Davidson upgraded Tripadvisor from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Thursday, June 27th. Finally, Cleveland Research assumed coverage on Tripadvisor in a research note on Wednesday, June 19th. They issued a “neutral” rating for the company. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. Tripadvisor has an average rating of “Hold” and a consensus price target of $54.63.
NASDAQ:TRIP traded up $0.33 during trading on Wednesday, reaching $38.98. The company’s stock had a trading volume of 1,390,817 shares, compared to its average volume of 1,825,188. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 37.12, a price-to-earnings-growth ratio of 1.82 and a beta of 1.35. The firm has a 50 day moving average of $38.55 and a 200-day moving average of $45.42. Tripadvisor has a 12 month low of $35.41 and a 12 month high of $69.00.
In other news, insider Dermot Halpin sold 3,409 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.23, for a total transaction of $137,144.07. Following the completion of the transaction, the insider now owns 752 shares in the company, valued at approximately $30,252.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of TRIP. Raymond James & Associates grew its stake in shares of Tripadvisor by 5.1% during the 1st quarter. Raymond James & Associates now owns 38,871 shares of the travel company’s stock worth $2,000,000 after acquiring an additional 1,870 shares during the period. First Trust Advisors LP lifted its holdings in Tripadvisor by 19.4% during the 1st quarter. First Trust Advisors LP now owns 2,594,002 shares of the travel company’s stock worth $133,461,000 after purchasing an additional 421,144 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Tripadvisor by 0.4% during the 1st quarter. California State Teachers Retirement System now owns 170,242 shares of the travel company’s stock worth $8,759,000 after purchasing an additional 674 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Tripadvisor by 25.1% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 21,243 shares of the travel company’s stock worth $1,093,000 after purchasing an additional 4,259 shares in the last quarter. Finally, Norinchukin Bank The lifted its holdings in Tripadvisor by 4.3% during the 1st quarter. Norinchukin Bank The now owns 19,507 shares of the travel company’s stock worth $1,004,000 after purchasing an additional 796 shares in the last quarter. Institutional investors own 85.97% 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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