Media stories about Tripadvisor (NASDAQ:TRIP) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tripadvisor earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned headlines about the travel company an impact score of 46.7910273540051 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Why TripAdvisor and Trivago Could Be in Trouble (finance.yahoo.com)
- Tripadvisor Inc (TRIP) Shares Bought by CLS Investments LLC (americanbankingnews.com)
- Tripadvisor Inc (TRIP) Shares Sold by Comerica Bank (americanbankingnews.com)
- Liberty TripAdvisor Holdings, Inc. to Present at Deutsche Bank Media, Telecom & Business Services Conference (finance.yahoo.com)
- Aperio Group LLC Purchases 6,309 Shares of Tripadvisor Inc (TRIP) (americanbankingnews.com)
Several brokerages have recently issued reports on TRIP. SunTrust Banks reiterated a “hold” rating on shares of Tripadvisor in a research note on Friday, February 16th. ValuEngine upgraded Tripadvisor from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Zacks Investment Research upgraded Tripadvisor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 21st. BidaskClub upgraded Tripadvisor from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $45.00 price target on shares of Tripadvisor in a research note on Friday, February 16th. Six research analysts have rated the stock with a sell rating and nineteen have given a hold rating to the company. The company has an average rating of “Hold” and an average target price of $40.06.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). Tripadvisor had a negative net margin of 1.22% and a positive return on equity of 5.63%. The company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $309.12 million. During the same quarter last year, the firm posted $0.16 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. sell-side analysts anticipate that Tripadvisor will post 0.63 earnings per share for the current fiscal year.
Tripadvisor announced that its board has approved a share repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the travel company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total value of $378,280.00. Following the sale, the chief financial officer now owns 13,866 shares in the company, valued at approximately $554,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dermot Halpin sold 26,313 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total value of $1,118,039.37. The disclosure for this sale can be found here. Insiders sold a total of 36,116 shares of company stock worth $1,508,256 in the last quarter. Corporate insiders own 1.09% of the company’s stock.
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.
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