Barclays PLC Reiterates “Equal Weight” Rating for TripAdvisor Inc. (TRIP)
TripAdvisor Inc. (NASDAQ:TRIP)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays PLC in a note issued to investors on Friday. They currently have a $57.00 price target on the travel company’s stock, down from their prior price target of $67.00. Barclays PLC’s target price would indicate a potential upside of 16.80% from the company’s current price.
A number of other equities analysts have also recently commented on the stock. Jefferies Group reduced their price objective on shares of TripAdvisor from $68.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, November 10th. Deutsche Bank AG reissued a “hold” rating and issued a $63.00 target price on shares of TripAdvisor in a research report on Thursday, November 10th. RBC Capital Markets reissued a “sector perform” rating and issued a $50.00 target price (down previously from $55.00) on shares of TripAdvisor in a research report on Thursday, November 10th. Cantor Fitzgerald reissued a “hold” rating and issued a $67.00 target price on shares of TripAdvisor in a research report on Tuesday, November 8th. Finally, Susquehanna initiated coverage on shares of TripAdvisor in a research report on Wednesday, October 19th. They issued a “neutral” rating and a $55.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have assigned a buy rating to the company’s stock. TripAdvisor presently has a consensus rating of “Hold” and an average target price of $63.08.
Shares of TripAdvisor (NASDAQ:TRIP) opened at 48.80 on Friday. The firm has a 50-day moving average of $61.92 and a 200 day moving average of $64.04. The firm has a market cap of $7.11 billion, a PE ratio of 51.37 and a beta of 2.31. TripAdvisor has a 52-week low of $48.52 and a 52-week high of $87.50.
TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, November 8th. The travel company reported $0.53 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.53. TripAdvisor had a net margin of 8.08% and a return on equity of 12.67%. The firm earned $421 million during the quarter, compared to analysts’ expectations of $436.31 million. During the same period in the previous year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts predict that TripAdvisor will post $1.54 earnings per share for the current year.
In other TripAdvisor news, Viator CEO Barrie Seidenberg sold 4,274 shares of the stock in a transaction that occurred 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 directly owns 286 shares in the company, valued at approximately $17,380.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Seth J. Kalvert sold 1,687 shares of the 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 transaction, the senior vice president now owns 10,653 shares in the company, valued at $644,506.50. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.
Several institutional investors have recently bought and sold shares of TRIP. 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 worth $779,867,000 after buying an additional 2,118,945 shares during the last quarter. Carmignac Gestion acquired a new position in TripAdvisor during the third quarter worth about $113,692,000. Thunderbird Partners LLP acquired a new position in TripAdvisor during the third quarter worth about $85,749,000. Valiant Capital Management L.P. acquired a new position in TripAdvisor during the second quarter worth about $59,613,000. Finally, Morgan Stanley boosted its position in TripAdvisor by 71.2% in the third quarter. Morgan Stanley now owns 2,163,439 shares of the travel company’s stock worth $136,687,000 after buying an additional 899,742 shares during the last quarter. Hedge funds and other institutional investors own 88.02% 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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