Cantor Fitzgerald reaffirmed their hold rating on shares of TripAdvisor Inc. (NASDAQ:TRIP) in a research report released on Tuesday. They currently have a $67.00 price target on the travel company’s stock.

TRIP has been the topic of a number of other reports. Citigroup Inc. upgraded shares of TripAdvisor to a market perform rating in a research note on Thursday, July 28th. They noted that the move was a valuation call. Jefferies Group reiterated a hold rating on shares of TripAdvisor in a research note on Monday, July 11th. Raymond James Financial Inc. upgraded shares of TripAdvisor from an underperform rating to a market perform rating in a research note on Thursday, July 28th. Susquehanna assumed coverage on shares of TripAdvisor in a research note on Wednesday, October 19th. They set a neutral rating and a $55.00 price objective on the stock. Finally, Credit Suisse Group AG reiterated a buy rating and set a $73.00 price objective on shares of TripAdvisor in a research note on Friday, August 5th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $63.08.

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

TripAdvisor (NASDAQ:TRIP) opened at 51.83 on Tuesday. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 54.56 and a beta of 2.31. The company has a 50-day moving average of $62.57 and a 200-day moving average of $64.21. TripAdvisor has a one year low of $51.00 and a one year high of $87.50.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Tuesday, November 8th. The travel company reported $0.53 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.53. The business had revenue of $421 million for the quarter, compared to the consensus estimate of $436.31 million. TripAdvisor had a net margin of 8.08% and a return on equity of 12.67%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. On average, equities analysts forecast that TripAdvisor will post $1.56 EPS for the current fiscal year.

In other TripAdvisor news, insider Dermot Halpin sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $61.77, for a total transaction of $617,700.00. Following the completion of the transaction, the insider now owns 10,900 shares in the company, valued at approximately $673,293. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Viator CEO Barrie Seidenberg sold 4,274 shares of the company’s stock in a transaction on Monday, September 26th. The stock was 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 of the company’s stock, valued at approximately $17,380.22. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. increased 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 worth $779,867,000 after buying an additional 2,118,945 shares during the last quarter. Vanguard Group Inc. increased its position in shares of TripAdvisor by 2.1% in the second quarter. Vanguard Group Inc. now owns 9,940,953 shares of the travel company’s stock worth $639,202,000 after buying an additional 206,520 shares during the last quarter. Jackson Square Partners LLC increased 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 worth $703,818,000 after buying an additional 599,887 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of TripAdvisor by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 5,091,523 shares of the travel company’s stock worth $321,683,000 after buying an additional 19,704 shares during the last quarter. Finally, FMR LLC increased 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 worth $323,910,000 after buying an additional 692,332 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.

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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