Tripadvisor (NASDAQ:TRIP) had its price objective hoisted by SunTrust Banks to $66.00 in a report issued on Friday, The Fly reports. They currently have a hold rating on the travel company’s stock.

TRIP has been the topic of several other research reports. Cowen reiterated a hold rating and issued a $47.00 price target on shares of Tripadvisor in a report on Thursday, August 2nd. Bank of America lifted their price target on shares of Tripadvisor from $38.00 to $43.00 and gave the company an underperform rating in a report on Thursday. Zacks Investment Research cut shares of Tripadvisor from a strong-buy rating to a hold rating in a report on Tuesday, August 7th. Evercore ISI assumed coverage on shares of Tripadvisor in a report on Monday, October 15th. They issued an in-line rating and a $45.00 price target on the stock. Finally, UBS Group cut shares of Tripadvisor from a neutral rating to a sell rating and lifted their price target for the company from $47.00 to $50.00 in a report on Friday. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $53.17.

NASDAQ:TRIP traded down $3.63 during trading hours on Friday, hitting $63.30. The company had a trading volume of 6,089,154 shares, compared to its average volume of 2,164,885. The stock has a market cap of $7.99 billion, a P/E ratio of 131.88, a price-to-earnings-growth ratio of 4.57 and a beta of 1.48. Tripadvisor has a 52 week low of $29.50 and a 52 week high of $69.00.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 7th. The travel company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.24. The business had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $469.09 million. Tripadvisor had a net margin of 1.38% and a return on equity of 7.56%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. Analysts predict that Tripadvisor will post 0.83 earnings per share for the current fiscal year.

In other Tripadvisor news, insider Noel Bertram Watson sold 726 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $53.71, for a total transaction of $38,993.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC lifted its position in Tripadvisor by 10,215.8% during the second quarter. Advisory Services Network LLC now owns 1,960 shares of the travel company’s stock valued at $119,000 after buying an additional 1,941 shares during the period. NumerixS Investment Technologies Inc purchased a new position in shares of Tripadvisor in the 2nd quarter worth about $133,000. Tower Research Capital LLC TRC raised its position in shares of Tripadvisor by 72.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock worth $152,000 after purchasing an additional 1,147 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Tripadvisor by 200.0% in the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,000 shares of the travel company’s stock worth $167,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Tripadvisor in the 3rd quarter worth about $173,000. 89.58% of the stock is owned by institutional investors and hedge funds.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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