Tripadvisor Inc Common Stock (TRIP) Stock Rating Upgraded by ValuEngine

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Tripadvisor Inc Common Stock (NASDAQ:TRIP) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

A number of other equities analysts have also recently commented on the company. BidaskClub cut Tripadvisor Inc Common Stock from a “buy” rating to a “hold” rating in a report on Saturday, August 25th. Zacks Investment Research cut Tripadvisor Inc Common Stock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 7th. Barclays dropped their target price on Tripadvisor Inc Common Stock from $70.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, August 6th. Wedbush set a $48.00 target price on Tripadvisor Inc Common Stock and gave the stock a “hold” rating in a report on Sunday, August 5th. Finally, Stifel Nicolaus lifted their target price on Tripadvisor Inc Common Stock from $42.00 to $48.00 and gave the stock a “hold” rating in a report on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $46.88.

NASDAQ:TRIP opened at $51.20 on Tuesday. Tripadvisor Inc Common Stock has a 1 year low of $29.50 and a 1 year high of $62.36. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 110.46, a PEG ratio of 4.00 and a beta of 1.74.

Tripadvisor Inc Common Stock (NASDAQ:TRIP) last announced its earnings results on Wednesday, August 1st. The travel company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.16. The firm had revenue of $433.00 million during the quarter, compared to analysts’ expectations of $434.86 million. Tripadvisor Inc Common Stock had a positive return on equity of 4.36% and a negative net margin of 1.40%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. sell-side analysts expect that Tripadvisor Inc Common Stock will post 0.81 earnings per share for the current year.

In related news, insider Noel Bertram Watson sold 726 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $53.71, for a total transaction of $38,993.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Seth J. Kalvert sold 5,235 shares of the business’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $57.46, for a total value of $300,803.10. Following the transaction, the senior vice president now owns 8,030 shares of the company’s stock, valued at approximately $461,403.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,766 shares of company stock valued at $1,016,923. 3.10% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of TRIP. Wells Fargo & Company MN raised its position in shares of Tripadvisor Inc Common Stock by 25.6% in the 1st quarter. Wells Fargo & Company MN now owns 233,097 shares of the travel company’s stock worth $9,532,000 after acquiring an additional 47,443 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Tripadvisor Inc Common Stock by 1.2% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 325,886 shares of the travel company’s stock worth $13,325,000 after acquiring an additional 3,955 shares in the last quarter. Westpac Banking Corp raised its position in shares of Tripadvisor Inc Common Stock by 698.9% in the 1st quarter. Westpac Banking Corp now owns 57,611 shares of the travel company’s stock worth $2,356,000 after acquiring an additional 50,400 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Tripadvisor Inc Common Stock by 3.8% in the 1st quarter. SG Americas Securities LLC now owns 74,512 shares of the travel company’s stock worth $3,047,000 after acquiring an additional 2,697 shares in the last quarter. Finally, Mackay Shields LLC bought a new position in shares of Tripadvisor Inc Common Stock in the 1st quarter worth $746,000. Institutional investors and hedge funds own 87.85% of the company’s stock.

Tripadvisor Inc Common Stock Company Profile

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

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Analyst Recommendations for Tripadvisor Inc Common Stock (NASDAQ:TRIP)

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