TripAdvisor (NASDAQ:TRIP) Coverage Initiated at Bank of America

Bank of America began coverage on shares of TripAdvisor (NASDAQ:TRIP - Get Free Report) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm set a "neutral" rating and a $19.00 price target on the travel company's stock. Bank of America's price objective would suggest a potential upside of 8.51% from the company's previous close.

A number of other brokerages have also commented on TRIP. Citigroup began coverage on shares of TripAdvisor in a research report on Wednesday, May 28th. They set a "neutral" rating and a $16.00 target price on the stock. Wall Street Zen lowered shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. Mizuho raised shares of TripAdvisor to a "hold" rating in a report on Friday, April 18th. JPMorgan Chase & Co. lifted their price objective on shares of TripAdvisor from $11.00 to $13.00 and gave the company an "underweight" rating in a report on Friday, May 9th. Finally, DA Davidson set a $16.25 price objective on shares of TripAdvisor in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $17.40.

TripAdvisor Trading Down 0.7%

Shares of NASDAQ:TRIP traded down $0.13 during trading on Monday, reaching $17.51. 3,492,214 shares of the company were exchanged, compared to its average volume of 2,775,356. The firm has a market capitalization of $2.48 billion, a PE ratio of 47.32, a P/E/G ratio of 2.67 and a beta of 1.28. The business's fifty day simple moving average is $14.83 and its 200-day simple moving average is $14.70. TripAdvisor has a 12-month low of $10.43 and a 12-month high of $18.66. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.90 and a quick ratio of 1.90.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last issued its earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.09. The business had revenue of $398.00 million for the quarter, compared to analyst estimates of $386.94 million. TripAdvisor had a net margin of 2.94% and a return on equity of 10.68%. The company's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. On average, research analysts anticipate that TripAdvisor will post 0.46 EPS for the current year.

Insider Transactions at TripAdvisor

In other news, CEO Almir Ambeskovic sold 16,643 shares of TripAdvisor stock in a transaction on Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the completion of the sale, the chief executive officer directly owned 15,931 shares in the company, valued at approximately $244,222.23. The trade was a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.10% of the company's stock.

Institutional Investors Weigh In On TripAdvisor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tsfg LLC acquired a new stake in shares of TripAdvisor during the first quarter worth $35,000. Smartleaf Asset Management LLC lifted its stake in shares of TripAdvisor by 86.9% during the first quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company's stock worth $43,000 after buying an additional 1,420 shares during the period. Aster Capital Management DIFC Ltd lifted its stake in shares of TripAdvisor by 83.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock worth $50,000 after buying an additional 1,557 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of TripAdvisor by 419.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company's stock worth $55,000 after buying an additional 3,144 shares during the period. Finally, Quarry LP lifted its stake in shares of TripAdvisor by 571.0% during the first quarter. Quarry LP now owns 5,697 shares of the travel company's stock worth $81,000 after buying an additional 4,848 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

TripAdvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.