Tripadvisor (NASDAQ:TRIP) Cut to Strong Sell at BidaskClub

BidaskClub downgraded shares of Tripadvisor (NASDAQ:TRIP) from a sell rating to a strong sell rating in a research report released on Thursday, BidAskClub reports.

Several other equities research analysts also recently issued reports on TRIP. Guggenheim raised shares of Tripadvisor from a sell rating to a neutral rating in a research report on Tuesday, May 21st. Barclays lowered their price objective on shares of Tripadvisor from $70.00 to $64.00 and set an overweight rating for the company in a research report on Friday, August 9th. Stifel Nicolaus reissued a hold rating and set a $50.00 price objective on shares of Tripadvisor in a research report on Friday, August 9th. Cowen set a $39.00 price objective on shares of Tripadvisor and gave the stock a sell rating in a research report on Friday, August 9th. Finally, Cleveland Research initiated coverage on shares of Tripadvisor in a research report on Wednesday, June 19th. They set a neutral rating for the company. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $55.25.

Shares of TRIP stock opened at $37.99 on Thursday. The firm has a fifty day moving average of $44.59 and a 200-day moving average of $49.29. Tripadvisor has a 12-month low of $37.90 and a 12-month high of $69.00. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 36.18, a P/E/G ratio of 1.92 and a beta of 1.33.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, August 7th. The travel company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.08). Tripadvisor had a return on equity of 10.63% and a net margin of 8.49%. The company had revenue of $422.00 million for the quarter, compared to the consensus estimate of $445.46 million. During the same period in the prior year, the company earned $0.41 EPS. The firm’s revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Tripadvisor will post 1.25 earnings per share for the current fiscal year.

In related news, CFO Ernst 02494 Teunissen sold 8,117 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were 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. Also, insider Dermot Halpin sold 3,409 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.23, for a total transaction of $137,144.07. Following the completion of the sale, the insider now owns 752 shares of the company’s stock, valued at approximately $30,252.96. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan purchased a new stake in Tripadvisor during the 4th quarter valued at approximately $151,000. Dimensional Fund Advisors LP raised its stake in Tripadvisor by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 673,300 shares of the travel company’s stock valued at $36,318,000 after acquiring an additional 10,691 shares during the last quarter. Geode Capital Management LLC raised its stake in Tripadvisor by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 1,513,719 shares of the travel company’s stock valued at $81,522,000 after acquiring an additional 130,224 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Tripadvisor by 10.3% during the 1st quarter. State of Alaska Department of Revenue now owns 26,727 shares of the travel company’s stock valued at $1,374,000 after acquiring an additional 2,486 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in Tripadvisor by 11.6% during the 1st quarter. Retirement Systems of Alabama now owns 153,668 shares of the travel company’s stock worth $7,906,000 after purchasing an additional 15,970 shares during the period. Hedge funds and other institutional investors own 85.92% 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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