Tripadvisor (TRIP) Price Target Lowered to $60.00 at SunTrust Banks

Tripadvisor (NASDAQ:TRIP) had its target price trimmed by SunTrust Banks to $60.00 in a research note published on Friday, April 12th, The Fly reports. The firm currently has a hold rating on the travel company’s stock.

TRIP has been the subject of a number of other research reports. BidaskClub upgraded shares of Tripadvisor from a sell rating to a hold rating in a research report on Thursday, April 11th. ValuEngine cut shares of Tripadvisor from a buy rating to a hold rating in a research report on Friday, March 1st. Piper Jaffray Companies increased their target price on shares of Tripadvisor to $58.00 and gave the stock a neutral rating in a research report on Wednesday, February 13th. Cowen cut shares of Tripadvisor from a market perform rating to an underperform rating and lowered their price objective for the company from $50.00 to $40.00 in a research report on Wednesday, March 6th. Finally, Zacks Investment Research cut shares of Tripadvisor from a buy rating to a hold rating in a research report on Monday, February 18th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $58.27.

Tripadvisor stock traded up $2.64 during trading hours on Friday, hitting $55.08. The company had a trading volume of 2,527,718 shares, compared to its average volume of 1,975,673. Tripadvisor has a fifty-two week low of $37.12 and a fifty-two week high of $69.00. The firm has a market cap of $7.61 billion, a PE ratio of 52.46, a P/E/G ratio of 3.36 and a beta of 1.29.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, February 12th. The travel company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. The firm had revenue of $346.00 million during the quarter, compared to the consensus estimate of $342.90 million. Tripadvisor had a net margin of 7.00% and a return on equity of 9.27%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. Research analysts expect that Tripadvisor will post 1.27 EPS for the current fiscal year.

In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 15,418 shares of Tripadvisor stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $53.08, for a total value of $818,387.44. Following the transaction, the chief financial officer now owns 12,668 shares of the company’s stock, valued at $672,417.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Seth J. Kalvert sold 11,016 shares of Tripadvisor stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $51.93, for a total transaction of $572,060.88. The disclosure for this sale can be found here. Insiders have sold a total of 62,114 shares of company stock worth $3,384,884 in the last three months. 3.10% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. increased its holdings in Tripadvisor by 19.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,130 shares of the travel company’s stock worth $61,000 after buying an additional 186 shares during the last quarter. IFP Advisors Inc increased its holdings in Tripadvisor by 14.5% during the fourth quarter. IFP Advisors Inc now owns 1,901 shares of the travel company’s stock worth $102,000 after buying an additional 241 shares during the last quarter. Captrust Financial Advisors increased its holdings in Tripadvisor by 47.5% during the fourth quarter. Captrust Financial Advisors now owns 1,084 shares of the travel company’s stock worth $58,000 after buying an additional 349 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in Tripadvisor by 4.0% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 9,552 shares of the travel company’s stock worth $491,000 after buying an additional 371 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Tripadvisor by 0.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 75,674 shares of the travel company’s stock valued at $3,889,000 after purchasing an additional 395 shares during the last quarter. 88.28% of the stock is currently owned by hedge funds and other institutional investors.

About Tripadvisor

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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