Standpoint Research Begins Coverage on Tripadvisor (NASDAQ:TRIP)

Standpoint Research assumed coverage on shares of Tripadvisor (NASDAQ:TRIP) in a report released on Tuesday morning, Briefing.com Automated Import reports. The firm issued a buy rating and a $60.00 target price on the travel company’s stock.

A number of other analysts have also commented on TRIP. Guggenheim upgraded Tripadvisor from a sell rating to a neutral rating in a research report on Tuesday, May 21st. Barclays reiterated a buy rating on shares of Ultragenyx Pharmaceutical in a research report on Thursday, May 9th. ValuEngine upgraded Valmont Industries from a sell rating to a hold rating in a research report on Friday, July 12th. BidaskClub upgraded Zai Lab from a buy rating to a strong-buy rating in a research report on Friday, June 28th. Finally, SunTrust Banks lifted their price objective on Mid-America Apartment Communities to $120.00 and gave the stock a positive rating in a research report on Wednesday, June 19th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $56.81.

Shares of NASDAQ:TRIP opened at $45.87 on Tuesday. Tripadvisor has a twelve month low of $42.01 and a twelve month high of $69.00. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 43.69, a PEG ratio of 2.58 and a beta of 1.37. The firm has a fifty day simple moving average of $45.72.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, May 7th. The travel company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.05. Tripadvisor had a return on equity of 10.24% and a net margin of 8.31%. The company had revenue of $376.00 million during the quarter, compared to analyst estimates of $387.27 million. During the same period last year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts forecast that Tripadvisor will post 1.32 EPS for the current fiscal year.

In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 8,117 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $45.60, for a total transaction of $370,135.20. Following the transaction, the chief financial officer now owns 14,599 shares in the company, valued at $665,714.40. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Meridian Wealth Management LLC bought a new position in shares of Tripadvisor during the 1st quarter valued at about $42,000. CSat Investment Advisory L.P. lifted its holdings in shares of Tripadvisor by 65.1% during the 1st quarter. CSat Investment Advisory L.P. now owns 1,083 shares of the travel company’s stock valued at $56,000 after purchasing an additional 427 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Tripadvisor by 47.5% during the 4th quarter. Captrust Financial Advisors now owns 1,084 shares of the travel company’s stock valued at $58,000 after purchasing an additional 349 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Tripadvisor by 19.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,130 shares of the travel company’s stock valued at $61,000 after purchasing an additional 186 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Tripadvisor in the 4th quarter valued at approximately $151,000. Hedge funds and other institutional investors own 86.68% 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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