BidaskClub Upgrades Tripadvisor (NASDAQ:TRIP) to “Hold”

Tripadvisor (NASDAQ:TRIP) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, April 11th, BidAskClub reports.

A number of other research firms also recently commented on TRIP. Piper Jaffray Companies increased their price objective on shares of Tripadvisor to $58.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 13th. Zacks Investment Research downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. ValuEngine downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, Cowen cut shares of Tripadvisor from a “market perform” rating to an “underperform” rating and dropped their target price for the company from $50.00 to $40.00 in a report on Wednesday, March 6th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Tripadvisor currently has a consensus rating of “Hold” and an average price target of $58.27.

Shares of TRIP traded up $2.64 on Thursday, hitting $55.08. The company’s stock had a trading volume of 2,527,718 shares, compared to its average volume of 1,975,673. The company has a market capitalization of $7.61 billion, a P/E ratio of 52.46, a PEG ratio of 3.36 and a beta of 1.29. Tripadvisor has a fifty-two week low of $37.12 and a fifty-two week high of $69.00.

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

In other Tripadvisor news, insider Dermot Halpin sold 14,656 shares of Tripadvisor stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $55.15, for a total value of $808,278.40. Following the completion of the sale, the insider now directly owns 29,649 shares of the company’s stock, valued at $1,635,142.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Seth J. Kalvert sold 11,016 shares of Tripadvisor stock in a transaction 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 62,114 shares of company stock valued at $3,384,884 in the last three months. 3.10% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its holdings in shares of 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 valued at $61,000 after buying an additional 186 shares during the last quarter. IFP Advisors Inc boosted 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 purchasing an additional 241 shares during the last quarter. Captrust Financial Advisors boosted 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 purchasing an additional 349 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted 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 purchasing an additional 371 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Tripadvisor by 0.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 75,674 shares of the travel company’s stock worth $3,889,000 after purchasing an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 88.28% of the company’s stock.

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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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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