TripAdvisor Inc. (NASDAQ:TRIP) – Analysts at SunTrust Banks upped their Q1 2017 earnings estimates for TripAdvisor in a report issued on Tuesday. SunTrust Banks analyst R. Peck now forecasts that the firm will post earnings per share of $0.31 for the quarter, up from their prior estimate of $0.30.

Several other research analysts have also recently issued reports on the company. Bank of America Corp. set a $41.00 price target on TripAdvisor and gave the company a “sell” rating in a report on Monday, September 12th. Jefferies Group reaffirmed a “hold” rating and issued a $68.00 price target on shares of TripAdvisor in a report on Tuesday, September 6th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of TripAdvisor in a report on Sunday, August 28th. Wells Fargo & Co. reissued a “market perform” rating and set a $67.00 target price (down from $71.00) on shares of TripAdvisor in a research note on Sunday, August 7th. Finally, Oppenheimer Holdings Inc. reissued a “” rating on shares of TripAdvisor in a research note on Friday, August 5th. Four analysts have rated the stock with a sell rating, twenty-four have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $69.54.

Earnings History and Estimates for TripAdvisor (NASDAQ:TRIP)

Shares of TripAdvisor (NASDAQ:TRIP) traded up 1.08% on Wednesday, hitting $63.87. The company’s stock had a trading volume of 1,250,133 shares. TripAdvisor has a 52 week low of $53.48 and a 52 week high of $87.50. The stock has a market capitalization of $9.30 billion, a P/E ratio of 67.23 and a beta of 2.35. The stock’s 50 day moving average price is $62.45 and its 200 day moving average price is $64.44.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, August 3rd. The travel company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.04. The company had revenue of $391 million for the quarter. TripAdvisor had a return on equity of 13.55% and a net margin of 9.41%. TripAdvisor’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. MSI Financial Services Inc raised its stake in TripAdvisor by 0.3% in the third quarter. MSI Financial Services Inc now owns 2,387 shares of the travel company’s stock valued at $151,000 after buying an additional 6 shares during the last quarter. Lourd Capital LLC raised its stake in TripAdvisor by 0.6% in the second quarter. Lourd Capital LLC now owns 7,493 shares of the travel company’s stock valued at $482,000 after buying an additional 43 shares during the last quarter. World Asset Management Inc raised its stake in TripAdvisor by 0.7% in the second quarter. World Asset Management Inc now owns 10,778 shares of the travel company’s stock valued at $693,000 after buying an additional 70 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in TripAdvisor by 2.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,012 shares of the travel company’s stock valued at $174,000 after buying an additional 84 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in TripAdvisor by 0.8% in the second quarter. CIBC Asset Management Inc now owns 15,949 shares of the travel company’s stock valued at $1,026,000 after buying an additional 119 shares during the last quarter. 87.82% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Dermot Halpin sold 10,000 shares of the stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $61.77, for a total value of $617,700.00. Following the completion of the transaction, the insider now owns 10,900 shares of the company’s stock, valued at $673,293. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Viator CEO Barrie Seidenberg sold 4,274 shares of the stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $60.77, for a total transaction of $259,730.98. Following the completion of the transaction, the insider now directly owns 286 shares of the company’s stock, valued at approximately $17,380.22. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by corporate insiders.

About TripAdvisor

TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.

5 Day Chart for NASDAQ:TRIP

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