Tripadvisor (NASDAQ:TRIP) Downgraded by BidaskClub to “Strong Sell”

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BidaskClub lowered shares of Tripadvisor (NASDAQ:TRIP) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday morning, BidAskClub reports.

A number of other brokerages have also recently issued reports on TRIP. Cleveland Research initiated coverage on Tripadvisor in a report on Wednesday, June 19th. They set a neutral rating for the company. Stifel Nicolaus reiterated a hold rating and set a $50.00 target price on shares of Tripadvisor in a report on Friday, August 9th. Standpoint Research initiated coverage on Tripadvisor in a report on Tuesday, July 16th. They set a buy rating and a $60.00 target price for the company. Deutsche Bank decreased their target price on Tripadvisor from $65.00 to $59.00 and set a buy rating for the company in a report on Tuesday, August 6th. Finally, Bank of America decreased their target price on Tripadvisor from $43.00 to $40.00 and set an underperform rating for the company in a report on Friday, August 9th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $54.63.

Shares of NASDAQ:TRIP opened at $38.43 on Wednesday. Tripadvisor has a 1 year low of $35.41 and a 1 year high of $69.00. The stock has a market capitalization of $5.30 billion, a P/E ratio of 33.66, a PEG ratio of 1.81 and a beta of 1.36. The stock has a 50-day simple moving average of $38.99 and a 200-day simple moving average of $45.88.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, August 7th. The travel company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.08). Tripadvisor had a return on equity of 10.63% and a net margin of 8.49%. The firm had revenue of $422.00 million for the quarter, compared to analysts’ expectations of $445.46 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. Research analysts expect that Tripadvisor will post 1.24 EPS for the current year.

In other Tripadvisor news, insider Dermot Halpin sold 3,409 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $40.23, for a total value of $137,144.07. Following the completion of the transaction, the insider now owns 752 shares in the company, valued at approximately $30,252.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRIP. Dimensional Fund Advisors LP boosted its holdings in Tripadvisor by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 673,300 shares of the travel company’s stock worth $36,318,000 after acquiring an additional 10,691 shares during the period. Geode Capital Management LLC boosted its stake in shares of Tripadvisor by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 1,513,719 shares of the travel company’s stock valued at $81,522,000 after buying an additional 130,224 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Tripadvisor by 5.1% during the 1st quarter. Raymond James & Associates now owns 38,871 shares of the travel company’s stock valued at $2,000,000 after buying an additional 1,870 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Tripadvisor by 7.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,008 shares of the travel company’s stock valued at $309,000 after buying an additional 422 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its stake in shares of Tripadvisor by 1.6% during the 1st quarter. Mason Street Advisors LLC now owns 14,662 shares of the travel company’s stock valued at $754,000 after buying an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 85.97% 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.

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