Tripadvisor (NASDAQ:TRIP) Downgraded by BidaskClub

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BidaskClub cut shares of Tripadvisor (NASDAQ:TRIP) from a hold rating to a sell rating in a report released on Saturday, BidAskClub reports.

TRIP has been the subject of several other research reports. Guggenheim upgraded shares of Tripadvisor from a sell rating to a neutral rating in a research report on Tuesday, May 21st. SunTrust Banks upgraded shares of Tripadvisor from a hold rating to a buy rating and set a $60.00 target price for the company in a research report on Wednesday, June 19th. ValuEngine upgraded shares of Tripadvisor from a sell rating to a hold rating in a research report on Thursday, August 1st. Deutsche Bank upgraded shares of Tripadvisor from a hold rating to a buy rating and set a $65.00 target price for the company in a research report on Friday, May 3rd. Finally, Needham & Company LLC assumed coverage on shares of Tripadvisor in a research report on Monday, May 20th. They issued a buy rating and a $63.00 target price for the company. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $56.81.

NASDAQ TRIP opened at $41.96 on Friday. Tripadvisor has a 52 week low of $41.64 and a 52 week high of $69.00. The company has a market cap of $6.03 billion, a PE ratio of 39.96, a price-to-earnings-growth ratio of 2.45 and a beta of 1.33. The stock has a 50-day moving average price of $45.77.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Tuesday, May 7th. The travel company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. Tripadvisor had a net margin of 8.31% and a return on equity of 10.24%. The firm had revenue of $376.00 million during the quarter, compared to analysts’ expectations of $387.27 million. During the same quarter in the prior year, the firm earned $0.30 EPS. Tripadvisor’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts anticipate that Tripadvisor will post 1.32 EPS for the current year.

In other news, CFO Ernst 02494 Teunissen sold 8,117 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $45.60, for a total value of $370,135.20. Following the completion of the transaction, the chief financial officer now directly owns 14,599 shares in the company, valued at $665,714.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of TRIP. Teacher Retirement System of Texas lifted its position in Tripadvisor by 45.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 225,921 shares of the travel company’s stock worth $10,458,000 after buying an additional 70,425 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Tripadvisor by 1.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 149,632 shares of the travel company’s stock worth $6,926,000 after buying an additional 1,644 shares in the last quarter. Comerica Bank lifted its position in Tripadvisor by 3.8% in the 2nd quarter. Comerica Bank now owns 20,168 shares of the travel company’s stock worth $920,000 after buying an additional 729 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Tripadvisor in the 2nd quarter worth approximately $986,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Tripadvisor in the 2nd quarter worth approximately $27,000. Institutional investors and hedge funds own 87.83% of the company’s stock.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

Read More: Cost of equity and a company’s balance sheet

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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