Tripadvisor Inc (NASDAQ:TRIP) – Investment analysts at Jefferies Financial Group cut their Q3 2019 EPS estimates for Tripadvisor in a research report issued on Tuesday, August 13th, Zacks Investment Research reports. Jefferies Financial Group analyst B. Thill now forecasts that the travel company will post earnings of $0.52 per share for the quarter, down from their prior estimate of $0.56. Jefferies Financial Group also issued estimates for Tripadvisor’s Q4 2019 earnings at $0.22 EPS.
Several other equities research analysts have also issued reports on the stock. Cowen set a $39.00 price objective on shares of Tripadvisor and gave the stock a “sell” rating in a research report on Friday, August 9th. Needham & Company LLC started coverage on shares of Tripadvisor in a research report on Monday, May 20th. They issued a “buy” rating and a $63.00 price target on the stock. Standpoint Research started coverage on shares of Tripadvisor in a research report on Tuesday, July 16th. They issued a “buy” rating and a $60.00 price target on the stock. Credit Suisse Group reduced their price target on shares of Tripadvisor from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, DA Davidson raised shares of Tripadvisor from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Thursday, June 27th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $55.25.
Shares of Tripadvisor stock traded up $0.11 during trading hours on Thursday, hitting $37.99. The company’s stock had a trading volume of 1,072,376 shares, compared to its average volume of 1,848,312. Tripadvisor has a 1-year low of $35.41 and a 1-year high of $69.00. The business has a fifty day moving average of $42.05 and a 200 day moving average of $47.96. The company has a market capitalization of $4.99 billion, a PE ratio of 36.18, a P/E/G ratio of 1.80 and a beta of 1.33.
Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, August 7th. The travel company reported $0.27 EPS for the quarter, missing the 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 company had revenue of $422.00 million for the quarter, compared to analyst estimates of $445.46 million. During the same period last year, the company posted $0.41 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis.
In related news, insider Dermot Halpin sold 3,409 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $40.23, for a total transaction of $137,144.07. Following the transaction, the insider now owns 752 shares of the company’s stock, valued at $30,252.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ernst 02494 Teunissen sold 8,117 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $45.60, for a total transaction of $370,135.20. Following the transaction, the chief financial officer now directly owns 14,599 shares in the company, valued at approximately $665,714.40. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mason Street Advisors LLC raised its position in Tripadvisor by 1.6% during the first quarter. Mason Street Advisors LLC now owns 14,662 shares of the travel company’s stock valued at $754,000 after acquiring an additional 227 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of Tripadvisor by 1.0% in the first quarter. State Treasurer State of Michigan now owns 29,654 shares of the travel company’s stock valued at $1,526,000 after purchasing an additional 300 shares during the period. ETF Managers Group LLC raised its position in shares of Tripadvisor by 9.7% in the first quarter. ETF Managers Group LLC now owns 3,499 shares of the travel company’s stock valued at $180,000 after purchasing an additional 309 shares during the period. Nissay Asset Management Corp Japan ADV raised its position in shares of Tripadvisor by 4.0% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 9,552 shares of the travel company’s stock valued at $491,000 after purchasing an additional 371 shares during the period. Finally, MUFG Americas Holdings Corp raised its position in shares of Tripadvisor by 136.1% in the second quarter. MUFG Americas Holdings Corp now owns 687 shares of the travel company’s stock valued at $32,000 after purchasing an additional 396 shares during the period. 84.54% of the stock is currently owned by hedge funds and other institutional investors.
About Tripadvisor
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.