Tripadvisor Inc (NASDAQ:TRIP) – Equities research analysts at Oppenheimer decreased their Q1 2019 EPS estimates for shares of Tripadvisor in a research note issued on Sunday, May 5th. Oppenheimer analyst J. Kelly now expects that the travel company will earn $0.16 per share for the quarter, down from their previous estimate of $0.18. Oppenheimer also issued estimates for Tripadvisor’s Q2 2019 earnings at $0.38 EPS.
Several other research firms have also commented on TRIP. Piper Jaffray Companies increased their price target on shares of Tripadvisor to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, February 13th. Zacks Investment Research lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Monday, February 18th. BidaskClub upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. SunTrust Banks reiterated a “hold” rating on shares of Tripadvisor in a research report on Monday. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $57.00 price target on shares of Tripadvisor in a research report on Monday, April 29th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.40.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, May 7th. The travel company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $376.00 million for the quarter, compared to analyst estimates of $387.27 million. Tripadvisor had a net margin of 7.00% and a return on equity of 9.27%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share.
A number of hedge funds and other institutional investors have recently made changes to their positions in TRIP. Oakworth Capital Inc. purchased a new position in Tripadvisor during the fourth quarter worth approximately $32,000. Rational Advisors LLC raised its stake in Tripadvisor by 870.8% during the fourth quarter. Rational Advisors LLC now owns 631 shares of the travel company’s stock worth $34,000 after purchasing an additional 566 shares during the period. Taylor Hoffman Wealth Management purchased a new position in Tripadvisor during the fourth quarter worth approximately $54,000. Captrust Financial Advisors raised its stake 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 period. Finally, Bronfman E.L. Rothschild L.P. raised its stake 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 purchasing an additional 186 shares during the period. Hedge funds and other institutional investors own 88.64% of the company’s stock.
In related news, insider Noel Bertram Watson sold 3,369 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $55.00, for a total transaction of $185,295.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dermot Halpin sold 17,655 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $56.69, for a total transaction of $1,000,861.95. Following the sale, the insider now owns 21,791 shares in the company, valued at approximately $1,235,331.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,114 shares of company stock worth $3,384,884. 3.10% of the stock is owned by company insiders.
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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