Tripadvisor (NASDAQ:TRIP) Downgraded by BidaskClub to Sell

BidaskClub lowered shares of Tripadvisor (NASDAQ:TRIP) from a hold rating to a sell rating in a research report released on Saturday morning, BidAskClub reports.

TRIP has been the subject of a number of other research reports. SunTrust Banks raised shares of Tripadvisor from a hold rating to a buy rating and set a $60.00 target price for the company in a research report on Wednesday, June 19th. ValuEngine raised shares of Tripadvisor from a sell rating to a hold rating in a research report on Thursday. Barclays reduced their target price on shares of Tripadvisor from $78.00 to $70.00 and set an overweight rating for the company in a research report on Thursday, May 9th. Wedbush reissued a neutral rating and issued a $50.00 target price (down previously from $60.00) on shares of Tripadvisor in a research report on Thursday, May 9th. Finally, Needham & Company LLC started coverage on shares of Tripadvisor in a research report on Monday, May 20th. They issued a buy rating and a $63.00 target price for the company. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $56.81.

Shares of Tripadvisor stock traded down $0.32 during trading on Friday, reaching $43.34. The company’s stock had a trading volume of 1,152,092 shares, compared to its average volume of 1,301,121. The firm’s 50-day moving average price is $45.94. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 2.47 and a beta of 1.33. Tripadvisor has a 52 week low of $42.01 and a 52 week high of $69.00.

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

In related news, CFO Ernst 02494 Teunissen sold 8,117 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $45.60, for a total value of $370,135.20. Following the completion of the transaction, the chief financial officer now owns 14,599 shares of the company’s stock, valued at $665,714.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in Tripadvisor by 44.1% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 3,165,519 shares of the travel company’s stock worth $162,865,000 after acquiring an additional 968,530 shares in the last quarter. First Trust Advisors LP raised its stake in Tripadvisor by 8.1% during the second quarter. First Trust Advisors LP now owns 2,805,388 shares of the travel company’s stock worth $129,861,000 after acquiring an additional 211,386 shares in the last quarter. PenderFund Capital Management Ltd. raised its stake in Tripadvisor by 881.8% during the second quarter. PenderFund Capital Management Ltd. now owns 2,000,000 shares of the travel company’s stock worth $2,703,000 after acquiring an additional 1,796,293 shares in the last quarter. FMR LLC raised its stake in Tripadvisor by 19.8% during the first quarter. FMR LLC now owns 1,919,577 shares of the travel company’s stock worth $98,763,000 after acquiring an additional 317,176 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Tripadvisor by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 1,513,719 shares of the travel company’s stock worth $81,522,000 after acquiring an additional 130,224 shares in the last quarter. 86.58% of the stock is 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.

See Also: What is the float in trading stocks?

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.