Tripadvisor (NASDAQ:TRIP) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a report released on Tuesday, Zacks.com reports. The brokerage currently has a $20.00 price target on the travel company's stock. Zacks Investment Research's price target suggests a potential upside of 6.78% from the company's current price.
According to Zacks, "TripAdvisor continues to benefit from strong performance of its Experiences & Dining segment. Its focus on new initiatives remains a positive. Further, the company’s expanding footprint in the international restaurant reservation space and improved cost-control methods are tailwinds. However, TripAdvisor is suffering from sluggishness in the Hotels, Media & Platform segment. We note that this particular segment accounts for the majority of its total revenues. However, ongoing challenges faced by the segment remains a concern. Weakness in TripAdvisor’s Other segment is also a concern. Furthermore, mounting marketing expenses are a risk. Notably, the stock has underperformed the industry on a year-to-date basis."
Several other equities research analysts have also weighed in on TRIP. SunTrust Banks lowered their target price on shares of Tripadvisor from $25.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, May 11th. UBS Group lowered their target price on shares of Tripadvisor from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, May 11th. Credit Suisse Group lowered their target price on shares of Tripadvisor from $28.00 to $22.00 and set a "neutral" rating on the stock in a report on Monday, May 11th. Stifel Nicolaus decreased their price objective on shares of Tripadvisor from $17.00 to $16.00 and set a "hold" rating on the stock in a report on Sunday, May 10th. Finally, Mizuho decreased their price objective on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, May 11th. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the stock. Tripadvisor presently has a consensus rating of "Hold" and an average price target of $26.74.
Tripadvisor stock traded down $0.33 on Tuesday, hitting $18.73. The company's stock had a trading volume of 1,529,419 shares, compared to its average volume of 5,220,727. The firm has a market cap of $2.42 billion, a P/E ratio of 31.75 and a beta of 1.28. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average price of $19.79 and a 200-day moving average price of $23.19. Tripadvisor has a one year low of $13.73 and a one year high of $47.65.
Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, May 7th. The travel company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.03. Tripadvisor had a net margin of 5.67% and a return on equity of 7.82%. The business had revenue of $278.00 million for the quarter, compared to analyst estimates of $290.63 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The firm's quarterly revenue was down 26.1% compared to the same quarter last year. Analysts anticipate that Tripadvisor will post -1.13 EPS for the current year.
In related news, CFO Ernst 02494 Teunissen sold 22,837 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $22.75, for a total value of $519,541.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.80% of the company's stock.
Several large investors have recently made changes to their positions in TRIP. Renaissance Technologies LLC raised its position in shares of Tripadvisor by 153.1% in the 4th quarter. Renaissance Technologies LLC now owns 2,832,184 shares of the travel company's stock valued at $86,042,000 after acquiring an additional 1,713,284 shares during the period. Two Sigma Advisers LP increased its stake in Tripadvisor by 2,238.2% during the 1st quarter. Two Sigma Advisers LP now owns 1,573,600 shares of the travel company's stock worth $27,365,000 after purchasing an additional 1,506,300 shares in the last quarter. Ennismore Fund Management Ltd bought a new stake in Tripadvisor during the 4th quarter worth approximately $35,606,000. Norges Bank bought a new stake in Tripadvisor during the 4th quarter worth approximately $34,237,000. Finally, Prudential Financial Inc. increased its stake in Tripadvisor by 282.0% during the 4th quarter. Prudential Financial Inc. now owns 1,480,925 shares of the travel company's stock worth $44,991,000 after purchasing an additional 1,093,198 shares in the last quarter. Institutional investors and hedge funds own 72.47% 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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