TripAdvisor Inc. (NASDAQ:TRIP) – Equities research analysts at SunTrust Banks cut their FY2016 earnings per share estimates for TripAdvisor in a research note issued on Wednesday. SunTrust Banks analyst R. Peck now anticipates that the firm will post earnings per share of $1.12 for the year, down from their previous forecast of $1.13. SunTrust Banks also issued estimates for TripAdvisor’s Q3 2017 earnings at $0.44 EPS and Q4 2017 earnings at $0.19 EPS.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, November 8th. The travel company reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The company had revenue of $421 million for the quarter, compared to analyst estimates of $436.31 million. TripAdvisor had a return on equity of 12.67% and a net margin of 8.08%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share.

Earnings History and Estimates for TripAdvisor (NASDAQ:TRIP)

Several other research firms have also commented on TRIP. Cantor Fitzgerald reissued a “hold” rating on shares of TripAdvisor in a research report on Friday, August 19th. Susquehanna initiated coverage on TripAdvisor in a research report on Wednesday, October 19th. They issued a “neutral” rating and a $55.00 price objective on the stock. Jefferies Group reissued a “hold” rating and issued a $68.00 price objective on shares of TripAdvisor in a research report on Tuesday, September 6th. Wells Fargo & Co. reissued a “market perform” rating and issued a $67.00 price objective (down from $71.00) on shares of TripAdvisor in a research report on Sunday, August 7th. Finally, Deutsche Bank AG lowered TripAdvisor from a “buy” rating to a “hold” rating and cut their price objective for the company from $71.00 to $63.00 in a research report on Friday, August 5th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $63.08.

TripAdvisor (NASDAQ:TRIP) opened at 51.01 on Friday. TripAdvisor has a 52-week low of $50.59 and a 52-week high of $87.50. The firm’s 50-day moving average price is $62.28 and its 200 day moving average price is $64.13. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 53.69 and a beta of 2.31.

In related news, insider Dermot Halpin sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 10,900 shares of the company’s stock, valued at $673,293. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Seth J. Kalvert sold 1,687 shares of the business’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $60.50, for a total value of $102,063.50. Following the sale, the senior vice president now directly owns 10,653 shares in the company, valued at approximately $644,506.50. The disclosure for this sale can be found here. Corporate insiders own 0.98% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. boosted its position in 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. Vanguard Group Inc. boosted its position in TripAdvisor by 2.1% in the second quarter. Vanguard Group Inc. now owns 9,940,953 shares of the travel company’s stock valued at $639,202,000 after buying an additional 206,520 shares in the last quarter. Jackson Square Partners LLC boosted its position in 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. Bank of New York Mellon Corp boosted its position in 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 valued at $321,683,000 after buying an additional 19,704 shares in the last quarter. Finally, FMR LLC boosted its position in 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. 87.95% of the stock is currently owned by institutional investors.

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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