TripAdvisor, Inc. (TRIP) Shares Gap Down After Analyst Downgrade

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) gapped down prior to trading on Friday after Jefferies Group lowered their price target on the stock to $54.00. The stock had previously closed at $44.84, but opened at $46.92. TripAdvisor shares last traded at $46.87, with a volume of 3,467,968 shares trading hands.

Several other analysts also recently issued reports on TRIP. Evercore ISI reissued a “hold” rating and issued a $52.00 price target on shares of TripAdvisor in a research report on Monday. Cantor Fitzgerald reissued a “neutral” rating and issued a $60.00 price target on shares of TripAdvisor in a research report on Monday. Needham & Company LLC reissued a “hold” rating on shares of TripAdvisor in a research report on Thursday. Zacks Investment Research downgraded shares of TripAdvisor from a “hold” rating to a “sell” rating in a research report on Tuesday, February 7th. Finally, Vetr downgraded shares of TripAdvisor from a “strong-buy” rating to a “buy” rating and set a $57.11 price target for the company. in a research report on Wednesday, January 11th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. TripAdvisor currently has an average rating of “Hold” and an average price target of $57.56.

Large investors have recently added to or reduced their stakes in the company. MSI Financial Services Inc boosted its stake in shares of TripAdvisor by 0.3% in the third quarter. MSI Financial Services Inc now owns 2,387 shares of the travel company’s stock worth $151,000 after buying an additional 6 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of TripAdvisor by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,610 shares of the travel company’s stock worth $228,000 after buying an additional 10 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of TripAdvisor by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,552 shares of the travel company’s stock worth $304,000 after buying an additional 26 shares in the last quarter. M&T Bank Corp boosted its stake in shares of TripAdvisor by 0.4% in the third quarter. M&T Bank Corp now owns 9,412 shares of the travel company’s stock worth $595,000 after buying an additional 33 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of TripAdvisor by 0.4% in the third quarter. Oppenheimer & Co. Inc. now owns 13,462 shares of the travel company’s stock worth $850,000 after buying an additional 58 shares in the last quarter. Institutional investors own 86.78% of the company’s stock.

The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 56.44 and a beta of 2.02. The stock’s 50 day moving average price is $51.28 and its 200 day moving average price is $56.56.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, February 15th. The travel company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.15. The firm earned $316 million during the quarter, compared to the consensus estimate of $327.29 million. TripAdvisor had a return on equity of 12.67% and a net margin of 8.08%. On average, equities analysts anticipate that TripAdvisor, Inc. will post $1.41 earnings per share for the current fiscal year.

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About TripAdvisor

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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