TripAdvisor Inc. (NASDAQ:TRIP) – Stock analysts at Oppenheimer Holdings cut their FY2016 EPS estimates for TripAdvisor in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst J. Kelly now forecasts that the firm will post earnings of $1.01 per share for the year, down from their prior forecast of $1.12. Oppenheimer Holdings also issued estimates for TripAdvisor’s Q4 2016 earnings at $0.11 EPS, FY2017 earnings at $1.06 EPS and FY2018 earnings at $1.20 EPS.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, November 8th. The travel company reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. TripAdvisor had a return on equity of 12.67% and a net margin of 8.08%. The firm had revenue of $421 million for the quarter, compared to analysts’ expectations of $436.31 million. During the same period last year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis.

Earnings History and Estimates for TripAdvisor (NASDAQ:TRIP)

TRIP has been the subject of several other reports. Cantor Fitzgerald restated a “hold” rating on shares of TripAdvisor in a report on Friday, August 19th. Susquehanna started coverage on TripAdvisor in a report on Wednesday, October 19th. They issued a “neutral” rating and a $55.00 target price for the company. Jefferies Group restated a “hold” rating and issued a $68.00 target price on shares of TripAdvisor in a report on Tuesday, September 6th. Wells Fargo & Co. restated a “market perform” rating and issued a $67.00 target price (down from $71.00) on shares of TripAdvisor in a report on Sunday, August 7th. Finally, Deutsche Bank AG lowered TripAdvisor from a “buy” rating to a “hold” rating and reduced their target price for the stock from $71.00 to $63.00 in a report on Friday, August 5th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $63.08.

Shares of TripAdvisor (NASDAQ:TRIP) opened at 48.80 on Monday. The company has a market capitalization of $7.11 billion, a PE ratio of 51.37 and a beta of 2.31. The firm has a 50-day moving average price of $61.92 and a 200-day moving average price of $64.04. TripAdvisor has a 1-year low of $48.52 and a 1-year high of $87.50.

Several institutional investors have recently modified their holdings of TRIP. Global X Management Co. LLC raised its position in TripAdvisor by 60.3% in the third quarter. Global X Management Co. LLC now owns 1,899 shares of the travel company’s stock valued at $120,000 after buying an additional 714 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its position in TripAdvisor by 125.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,875 shares of the travel company’s stock valued at $121,000 after buying an additional 1,045 shares during the last quarter. MSI Financial Services Inc raised its position in TripAdvisor by 0.3% in the third quarter. MSI Financial Services Inc now owns 2,387 shares of the travel company’s stock valued at $151,000 after buying an additional 6 shares during the last quarter. Tower Research Capital LLC TRC raised its position in TripAdvisor by 3,544.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,624 shares of the travel company’s stock valued at $169,000 after buying an additional 2,552 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in TripAdvisor by 2.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,012 shares of the travel company’s stock valued at $174,000 after buying an additional 84 shares during the last quarter. 88.02% of the stock is currently owned by institutional investors and hedge funds.

In other news, 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 $17,380.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $617,700.00. Following the transaction, the insider now directly owns 10,900 shares in the company, valued at approximately $673,293. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

TripAdvisor Company Profile

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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