Tripadvisor (NASDAQ:TRIP) Now Covered by Consumer Edge

Consumer Edge began coverage on shares of Tripadvisor (NASDAQ:TRIP) in a research report sent to investors on Monday, Briefing.com Automated Import reports. The brokerage issued an underweight rating and a $26.00 price target on the travel company’s stock.

TRIP has been the subject of several other reports. Cowen raised Tripadvisor from an underperform rating to a market perform rating and set a $30.00 target price for the company in a report on Monday. Jefferies Financial Group reiterated a sell rating on shares of Tripadvisor in a research note on Tuesday, October 15th. Deutsche Bank dropped their price objective on Tripadvisor from $54.00 to $45.00 and set a buy rating on the stock in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. downgraded Tripadvisor from a neutral rating to an underweight rating and dropped their price objective for the company from $48.00 to $28.00 in a research note on Friday, November 8th. Finally, DA Davidson dropped their price objective on Tripadvisor to $44.00 and set a buy rating on the stock in a research note on Friday, November 8th. Five equities research 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’s stock. Tripadvisor currently has an average rating of Hold and an average price target of $43.07.

Shares of TRIP stock traded down $3.23 during trading on Monday, hitting $28.38. The company’s stock had a trading volume of 6,283,500 shares, compared to its average volume of 1,938,501. The company has a market cap of $4.34 billion, a PE ratio of 27.03, a P/E/G ratio of 1.83 and a beta of 1.37. The business has a fifty day moving average of $37.45 and a 200-day moving average of $42.15. Tripadvisor has a 52 week low of $27.67 and a 52 week high of $65.41.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 6th. The travel company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $428.00 million during the quarter, compared to analyst estimates of $459.39 million. Tripadvisor had a return on equity of 9.18% and a net margin of 7.44%. Tripadvisor’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. On average, sell-side analysts expect that Tripadvisor will post 1.19 EPS for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a $3.50 dividend. The ex-dividend date is Tuesday, November 19th.

Several large investors have recently bought and sold shares of the business. CWM LLC raised its position in shares of Tripadvisor by 3.2% in the second quarter. CWM LLC now owns 163,649 shares of the travel company’s stock worth $7,575,000 after buying an additional 5,117 shares in the last quarter. Brinker Capital Inc. raised its position in shares of Tripadvisor by 25.9% in the third quarter. Brinker Capital Inc. now owns 68,296 shares of the travel company’s stock worth $2,642,000 after buying an additional 14,065 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Tripadvisor by 3.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 774,340 shares of the travel company’s stock worth $35,845,000 after buying an additional 25,314 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in shares of Tripadvisor by 30.2% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 14,646 shares of the travel company’s stock worth $683,000 after buying an additional 3,397 shares in the last quarter. Finally, GW&K Investment Management LLC purchased a new stake in shares of Tripadvisor in the second quarter worth $2,378,000. Hedge funds and other institutional investors own 81.89% 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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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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