TripAdvisor, Inc. (NASDAQ:TRIP) had its target price cut by investment analysts at Susquehanna Bancshares Inc from $32.00 to $28.00 in a report released on Tuesday. The firm currently has a “neutral” rating on the travel company’s stock. Susquehanna Bancshares Inc’s target price would indicate a potential downside of 7.74% from the company’s previous close.

Other analysts also recently issued research reports about the company. Royal Bank Of Canada reissued a “hold” rating and issued a $47.00 price target on shares of TripAdvisor in a report on Monday, August 7th. SunTrust Banks, Inc. began coverage on TripAdvisor in a research note on Tuesday, August 15th. They set a “hold” rating and a $44.00 target price on the stock. Zacks Investment Research downgraded TripAdvisor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Cowen and Company reaffirmed a “hold” rating and set a $42.00 target price on shares of TripAdvisor in a research note on Tuesday, September 12th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $41.00 target price (up previously from $39.00) on shares of TripAdvisor in a research note on Tuesday, October 3rd. Nine analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $42.22.

TripAdvisor (NASDAQ TRIP) traded down $9.18 during midday trading on Tuesday, reaching $30.35. The company had a trading volume of 29,421,293 shares, compared to its average volume of 2,700,000. TripAdvisor has a 1 year low of $30.80 and a 1 year high of $65.56. The stock has a market capitalization of $4,340.00, a P/E ratio of 44.69, a PEG ratio of 2.89 and a beta of 2.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.90 and a quick ratio of 1.90.

TripAdvisor (NASDAQ:TRIP) last released its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $451.27 million. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 earnings per share. sell-side analysts predict that TripAdvisor will post 0.68 EPS for the current fiscal year.

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In related news, insider Dermot Halpin sold 12,859 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $39.09, for a total transaction of $502,658.31. Following the completion of the transaction, the insider now owns 5,364 shares of the company’s stock, valued at approximately $209,678.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of TRIP. Neuberger Berman Group LLC acquired a new position in TripAdvisor during the 2nd quarter worth $19,979,000. Hosking Partners LLP lifted its holdings in TripAdvisor by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 197,913 shares of the travel company’s stock worth $7,560,000 after buying an additional 3,178 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in TripAdvisor by 1,052.0% during the 2nd quarter. Federated Investors Inc. PA now owns 26,760 shares of the travel company’s stock worth $1,022,000 after buying an additional 24,437 shares in the last quarter. State of Wisconsin Investment Board lifted its holdings in TripAdvisor by 22.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 90,133 shares of the travel company’s stock worth $3,443,000 after buying an additional 16,670 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in TripAdvisor by 0.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 98,364 shares of the travel company’s stock worth $4,245,000 after buying an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 87.57% of the company’s stock.

TripAdvisor Company Profile

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

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