Tripadvisor (NASDAQ:TRIP) Stock Rating Reaffirmed by SunTrust Banks

Tripadvisor (NASDAQ:TRIP)‘s stock had its “hold” rating reissued by equities research analysts at SunTrust Banks in a report released on Monday, May 6th, AnalystRatings.com reports.

The analysts wrote, “We expect TRIP to report fairly inline results on Tue. 5/7 AMC, likely showing declining Y/Y growth in the Hotels segment and strength in non-Hotels (driven by robust growth in Attractions and Restaurants). We believe that last year’s cuts to ad-spend will continue to benefit margins in 1Q and also allow the company to reiterate its outlook for healthy double-digit EBITDA growth. The read-throughs from TRVG and EXPE are positive for TRIP’s 2019 outlook, in our view. We maint. a HOLD/$62 PT.””

TRIP has been the topic of several other reports. BidaskClub upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. ValuEngine cut shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Piper Jaffray Companies lifted their price objective on shares of Tripadvisor to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 13th. Stifel Nicolaus reiterated a “hold” rating and set a $57.00 price objective on shares of Tripadvisor in a research report on Monday, April 29th. Finally, Deutsche Bank upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.60.

Tripadvisor stock traded down $0.29 during mid-day trading on Monday, hitting $43.03. The company’s stock had a trading volume of 896,005 shares, compared to its average volume of 2,067,587. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 2.68 and a beta of 1.29. Tripadvisor has a twelve month low of $42.83 and a twelve month high of $69.00.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, May 7th. The travel company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The firm had revenue of $376.00 million for the quarter, compared to analyst estimates of $387.27 million. Tripadvisor had a net margin of 8.31% and a return on equity of 10.24%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. Analysts predict that Tripadvisor will post 1.32 EPS for the current fiscal year.

In other Tripadvisor news, insider Noel Bertram Watson sold 3,369 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $55.00, for a total transaction of $185,295.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ernst 02494 Teunissen sold 15,418 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $53.08, for a total transaction of $818,387.44. Following the transaction, the chief financial officer now directly owns 12,668 shares of the company’s stock, valued at approximately $672,417.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,803 shares of company stock valued at $1,575,743. 3.50% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Tripadvisor by 3.7% during the 4th quarter. BlackRock Inc. now owns 7,673,036 shares of the travel company’s stock worth $413,885,000 after acquiring an additional 275,281 shares during the last quarter. Wellington Management Group LLP lifted its position in Tripadvisor by 1.8% during the 1st quarter. Wellington Management Group LLP now owns 6,720,190 shares of the travel company’s stock worth $345,755,000 after acquiring an additional 120,327 shares during the last quarter. AQR Capital Management LLC lifted its position in Tripadvisor by 1,908.7% during the 1st quarter. AQR Capital Management LLC now owns 4,001,615 shares of the travel company’s stock worth $205,883,000 after acquiring an additional 3,802,401 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its holdings in shares of Tripadvisor by 44.1% during the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 3,165,519 shares of the travel company’s stock worth $162,865,000 after purchasing an additional 968,530 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Tripadvisor by 19.4% during the 1st quarter. First Trust Advisors LP now owns 2,594,002 shares of the travel company’s stock worth $133,461,000 after purchasing an additional 421,144 shares during the period. 86.72% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Correction

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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