Tripadvisor Inc (NASDAQ:TRIP) – Stock analysts at Oppenheimer increased their FY2018 earnings per share estimates for shares of Tripadvisor in a report issued on Wednesday, February 6th. Oppenheimer analyst J. Kelly now anticipates that the travel company will post earnings per share of $1.11 for the year, up from their prior estimate of $1.10. Oppenheimer also issued estimates for Tripadvisor’s Q4 2018 earnings at $0.17 EPS, Q1 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.60 EPS, FY2019 earnings at $1.38 EPS and FY2020 earnings at $1.65 EPS.
Several other research analysts also recently commented on TRIP. Evercore ISI began coverage on Tripadvisor in a research note on Monday, October 15th. They issued an “in-line” rating and a $45.00 price objective on the stock. Credit Suisse Group upgraded Tripadvisor from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $44.00 to $51.00 in a report on Thursday, October 25th. Zacks Investment Research upgraded Tripadvisor from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. BidaskClub raised Tripadvisor from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Finally, ValuEngine raised Tripadvisor from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 6th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.71.
NASDAQ TRIP opened at $59.20 on Friday. The firm has a market capitalization of $8.08 billion, a PE ratio of 123.33, a P/E/G ratio of 3.29 and a beta of 1.49. Tripadvisor has a 12 month low of $36.27 and a 12 month high of $69.00.
Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, November 7th. The travel company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.24. The firm had revenue of $458.00 million during the quarter, compared to the consensus estimate of $469.09 million. Tripadvisor had a return on equity of 7.46% and a net margin of 1.38%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jackson Square Partners LLC grew its holdings in Tripadvisor by 17.8% during the 3rd quarter. Jackson Square Partners LLC now owns 10,987,460 shares of the travel company’s stock valued at $561,129,000 after buying an additional 1,660,405 shares in the last quarter. BlackRock Inc. lifted its position in Tripadvisor by 3.7% in the fourth quarter. BlackRock Inc. now owns 7,673,036 shares of the travel company’s stock valued at $413,885,000 after purchasing an additional 275,281 shares during the last quarter. Macquarie Group Ltd. raised its holdings in shares of Tripadvisor by 24.7% during the third quarter. Macquarie Group Ltd. now owns 3,202,271 shares of the travel company’s stock valued at $163,539,000 after acquiring an additional 634,792 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Tripadvisor by 14.5% during the third quarter. First Trust Advisors LP now owns 3,020,070 shares of the travel company’s stock valued at $154,235,000 after acquiring an additional 382,771 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd grew its stake in Tripadvisor by 4.2% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,196,989 shares of the travel company’s stock worth $118,505,000 after purchasing an additional 89,436 shares during the period. Institutional investors own 88.11% of the company’s stock.
In related news, insider Noel Bertram Watson sold 723 shares of Tripadvisor stock in a transaction on Monday, November 12th. The shares were sold at an average price of $63.30, for a total value of $45,765.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Seth J. Kalvert sold 15,653 shares of Tripadvisor stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $65.14, for a total transaction of $1,019,636.42. Following the completion of the sale, the senior vice president now directly owns 15,653 shares of the company’s stock, valued at approximately $1,019,636.42. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.
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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