Equities research analysts at Mizuho initiated coverage on shares of Tripadvisor (NASDAQ:TRIP) in a research report issued to clients and investors on Wednesday. The firm set a “neutral” rating and a $40.00 price target on the travel company’s stock. Mizuho’s price objective points to a potential downside of 0.27% from the stock’s current price.
Several other equities analysts also recently commented on the company. Cowen reiterated a “market perform” rating and set a $40.00 price target (up previously from $30.00) on shares of Tripadvisor in a report on Monday, November 27th. ValuEngine downgraded Tripadvisor from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Tripadvisor from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub downgraded Tripadvisor from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. Finally, Oppenheimer reiterated a “hold” rating on shares of Tripadvisor in a report on Sunday, December 17th. Seven investment analysts have rated the stock with a sell rating and eighteen have assigned a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $40.05.
TRIP stock opened at $40.11 on Wednesday. Tripadvisor has a twelve month low of $29.50 and a twelve month high of $50.95. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $5,806.67, a P/E ratio of -286.48, a price-to-earnings-growth ratio of 4.44 and a beta of 1.95.
Tripadvisor announced that its Board of Directors has initiated a stock repurchase program 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 programs are usually an indication that the company’s management believes its stock is undervalued.
In other Tripadvisor news, insider Dermot Halpin sold 26,313 shares of Tripadvisor stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total transaction of $1,118,039.37. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ernst 02494 Teunissen sold 9,457 shares of Tripadvisor stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total transaction 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 disclosure for this sale can be found here. Company insiders own 1.09% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB boosted its stake in Tripadvisor by 10.7% during the fourth quarter. Xact Kapitalforvaltning AB now owns 21,892 shares of the travel company’s stock worth $754,000 after buying an additional 2,119 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in Tripadvisor by 17,655.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,598 shares of the travel company’s stock worth $192,000 after buying an additional 1,589 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its stake in Tripadvisor by 2.7% during the fourth quarter. Disciplined Growth Investors Inc. MN now owns 489,678 shares of the travel company’s stock worth $16,874,000 after buying an additional 13,101 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in Tripadvisor during the fourth quarter worth $1,156,000. Finally, Macquarie Group Ltd. boosted its stake in Tripadvisor by 4.7% during the fourth quarter. Macquarie Group Ltd. now owns 2,731,365 shares of the travel company’s stock worth $94,403,000 after buying an additional 121,700 shares in the last quarter. Hedge funds and other institutional investors own 89.11% of the company’s stock.
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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.
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