TripAdvisor Inc. (TRIP) Receives New Coverage from Analysts at Susquehanna
Susquehanna began coverage on shares of TripAdvisor Inc. (NASDAQ:TRIP) in a note issued to investors on Wednesday. The firm set a “neutral” rating on the travel company’s stock.
A number of other research firms have also recently commented on TRIP. Cantor Fitzgerald reissued a “hold” rating on shares of TripAdvisor in a research note on Friday, August 19th. Jefferies Group reissued a “hold” rating and issued a $68.00 target price on shares of TripAdvisor in a research note on Tuesday, September 6th. Wells Fargo & Co. reissued a “market perform” rating and issued a $67.00 target price (down previously from $71.00) on shares of TripAdvisor in a research note on Sunday, August 7th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $95.00 target price on shares of TripAdvisor in a research note on Thursday, July 7th. Finally, Deutsche Bank AG cut TripAdvisor from a “buy” rating to a “hold” rating and reduced their target price for the company from $71.00 to $63.00 in a research note on Friday, August 5th. Four equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and three have given a buy rating to the company. TripAdvisor currently has an average rating of “Hold” and an average price target of $69.54.
Shares of TripAdvisor (NASDAQ:TRIP) traded up 1.08% on Wednesday, hitting $63.87. The stock had a trading volume of 2,023,067 shares. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 67.23 and a beta of 2.35. TripAdvisor has a 1-year low of $53.48 and a 1-year high of $87.50. The firm has a 50 day moving average of $62.45 and a 200-day moving average of $64.44.
TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, August 3rd. The travel company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.04. The firm earned $391 million during the quarter. TripAdvisor had a return on equity of 13.55% and a net margin of 9.41%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Equities analysts predict that TripAdvisor will post $1.58 earnings per share for the current year.
In other news, Viator CEO Barrie Seidenberg sold 4,274 shares of TripAdvisor stock in a transaction on Monday, September 26th. The shares were sold at an average price of $60.77, for a total transaction of $259,730.98. Following the transaction, the insider now owns 286 shares in the company, valued at approximately $17,380.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dermot Halpin sold 10,000 shares of TripAdvisor stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $61.77, for a total transaction of $617,700.00. Following the transaction, the insider now owns 10,900 shares in the company, valued at approximately $673,293. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of TRIP. Baillie Gifford & Co. boosted its position in shares of TripAdvisor by 21.2% in the second quarter. Baillie Gifford & Co. now owns 12,128,581 shares of the travel company’s stock valued at $779,867,000 after buying an additional 2,118,945 shares in the last quarter. Valiant Capital Management L.P. acquired a new position in shares of TripAdvisor during the second quarter valued at $59,613,000. Ontario Teachers Pension Plan Board boosted its position in shares of TripAdvisor by 8,743.7% in the second quarter. Ontario Teachers Pension Plan Board now owns 701,749 shares of the travel company’s stock valued at $45,122,000 after buying an additional 693,814 shares in the last quarter. FMR LLC boosted its position in shares of TripAdvisor by 15.9% in the second quarter. FMR LLC now owns 5,037,477 shares of the travel company’s stock valued at $323,910,000 after buying an additional 692,332 shares in the last quarter. Finally, Jackson Square Partners LLC boosted its position in shares of TripAdvisor by 6.9% in the second quarter. Jackson Square Partners LLC now owns 9,262,275 shares of the travel company’s stock valued at $703,818,000 after buying an additional 599,887 shares in the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.
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.
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