TripAdvisor Inc. (TRIP) Receives $62.42 Consensus Price Target from Analysts
TripAdvisor Inc. (NASDAQ:TRIP) has been assigned a consensus rating of “Hold” from the twenty-six brokerages that are currently covering the stock. Three analysts have rated the stock with a sell recommendation, nineteen have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $62.42.
A number of equities research analysts have commented on the company. Cantor Fitzgerald reissued a “hold” rating and set a $67.00 price target on shares of TripAdvisor in a report on Friday, August 5th. Deutsche Bank AG cut TripAdvisor from a “buy” rating to a “hold” rating and decreased their price target for the company from $71.00 to $63.00 in a report on Friday, August 5th. Jefferies Group decreased their price target on TripAdvisor from $68.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, November 10th. RBC Capital Markets reissued a “sector perform” rating and set a $55.00 price target (down from $60.00) on shares of TripAdvisor in a report on Friday, August 5th. Finally, Barclays PLC reissued an “equal weight” rating and set a $57.00 price target (down from $67.00) on shares of TripAdvisor in a report on Friday, November 11th.
Shares of TripAdvisor (NASDAQ:TRIP) opened at 48.28 on Monday. The stock has a market capitalization of $7.03 billion, a PE ratio of 58.03 and a beta of 2.31. TripAdvisor has a one year low of $48.52 and a one year high of $87.50. The company’s 50-day moving average price is $58.50 and its 200 day moving average price is $63.17.
TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, November 8th. The travel company reported $0.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.53. The business had revenue of $421 million for the quarter, compared to analysts’ expectations of $436.31 million. TripAdvisor had a return on equity of 12.67% and a net margin of 8.08%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. Analysts anticipate that TripAdvisor will post $1.54 EPS for the current year.
In other news, Viator CEO Barrie Seidenberg sold 4,274 shares of the 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 completion of the sale, the insider now owns 286 shares in the company, valued at approximately $17,380.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Seth J. Kalvert sold 1,687 shares of the stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $60.50, for a total value of $102,063.50. Following the sale, the senior vice president now owns 10,653 shares of the company’s stock, valued at approximately $644,506.50. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. raised its stake 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 valued at $779,867,000 after buying an additional 2,118,945 shares in the last quarter. Carmignac Gestion acquired a new stake in shares of TripAdvisor during the third quarter valued at approximately $113,692,000. Thunderbird Partners LLP acquired a new stake in shares of TripAdvisor during the third quarter valued at approximately $85,749,000. Valiant Capital Management L.P. acquired a new stake in shares of TripAdvisor during the second quarter valued at approximately $59,613,000. Finally, Morgan Stanley raised its stake in shares of TripAdvisor by 71.2% in the third quarter. Morgan Stanley now owns 2,163,439 shares of the travel company’s stock valued at $136,687,000 after buying an additional 899,742 shares in the last quarter. Hedge funds and other institutional investors own 87.14% of the company’s stock.
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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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