TripAdvisor Inc. (NASDAQ:TRIP)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank AG in a report released on Thursday. They currently have a $63.00 price target on the travel company’s stock. Deutsche Bank AG’s target price suggests a potential upside of 23.51% from the stock’s previous close.

A number of other brokerages have also issued reports on TRIP. Evercore ISI reiterated a “hold” rating and issued a $75.00 target price on shares of TripAdvisor in a research report on Tuesday, July 26th. Jefferies Group decreased their target price on shares of TripAdvisor from $70.00 to $68.00 and set a “hold” rating for the company in a research report on Monday, August 1st. Raymond James Financial Inc. upgraded shares of TripAdvisor from an “underperform” rating to a “market perform” rating in a research report on Thursday, July 28th. Citigroup Inc. upgraded shares of TripAdvisor to a “market perform” rating in a research report on Thursday, July 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of TripAdvisor from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $63.08.

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

Shares of TripAdvisor (NASDAQ:TRIP) opened at 51.01 on Thursday. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 53.69 and a beta of 2.31. TripAdvisor has a 12-month low of $50.59 and a 12-month high of $87.50. The firm has a 50-day moving average of $62.28 and a 200 day moving average of $64.13.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, November 8th. The travel company reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. The firm earned $421 million during the quarter, compared to analyst estimates of $436.31 million. TripAdvisor had a net margin of 8.08% and a return on equity of 12.67%. TripAdvisor’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. Equities analysts forecast that TripAdvisor will post $1.54 earnings per share for the current fiscal year.

In other news, Viator CEO Barrie Seidenberg sold 4,274 shares of TripAdvisor stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $60.77, for a total value of $259,730.98. Following the transaction, the insider now owns 286 shares of the company’s stock, valued at $17,380.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Seth J. Kalvert sold 1,687 shares of TripAdvisor stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $60.50, for a total transaction of $102,063.50. Following the completion of the transaction, 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. 0.98% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board raised its position in TripAdvisor by 33.3% in the first quarter. Canada Pension Plan Investment Board now owns 2,800 shares of the travel company’s stock worth $186,000 after buying an additional 700 shares in the last quarter. AXA raised its position in TripAdvisor by 50.9% in the first quarter. AXA now owns 51,300 shares of the travel company’s stock worth $3,411,000 after buying an additional 17,300 shares in the last quarter. Geode Capital Management LLC raised its position in TripAdvisor by 3.5% in the first quarter. Geode Capital Management LLC now owns 960,040 shares of the travel company’s stock worth $63,714,000 after buying an additional 32,531 shares in the last quarter. Wellington Management Group LLP raised its position in TripAdvisor by 17.3% in the first quarter. Wellington Management Group LLP now owns 2,738,886 shares of the travel company’s stock worth $182,136,000 after buying an additional 403,440 shares in the last quarter. Finally, AMP Capital Investors Ltd raised its position in TripAdvisor by 4.8% in the first quarter. AMP Capital Investors Ltd now owns 137,284 shares of the travel company’s stock worth $9,142,000 after buying an additional 6,267 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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