Tripadvisor (TRIP) Shares Gap Down to $56.94

Tripadvisor Inc (NASDAQ:TRIP) gapped down prior to trading on Thursday . The stock had previously closed at $57.00, but opened at $56.94. Tripadvisor shares last traded at $58.49, with a volume of 88377 shares traded.

Several research firms have recently commented on TRIP. Zacks Investment Research raised Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. Piper Jaffray Companies boosted their price target on Tripadvisor to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wells Fargo & Co set a $65.00 target price on Tripadvisor and gave the company a “hold” rating in a research report on Friday, November 9th. DA Davidson upped their target price on Tripadvisor to $62.00 and gave the company a “neutral” rating in a research report on Friday, November 9th. They noted that the move was a valuation call. Finally, BidaskClub raised Tripadvisor from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $55.94.

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The stock has a market capitalization of $7.77 billion, a PE ratio of 121.21, a P/E/G ratio of 3.46 and a beta of 1.49.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, February 12th. The travel company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. The company had revenue of $346.00 million for the quarter, compared to the consensus estimate of $342.90 million. Tripadvisor had a return on equity of 7.46% and a net margin of 1.38%. Tripadvisor’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 earnings per share. Sell-side analysts expect that Tripadvisor Inc will post 1.12 earnings per share for the current year.

In other Tripadvisor news, SVP Seth J. Kalvert sold 15,653 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $65.14, for a total transaction of $1,019,636.42. Following the completion of the transaction, the senior vice president now owns 15,653 shares of the company’s stock, valued at $1,019,636.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the business. Two Sigma Advisers LP increased its holdings in shares of Tripadvisor by 637.1% in the fourth quarter. Two Sigma Advisers LP now owns 342,732 shares of the travel company’s stock valued at $18,487,000 after purchasing an additional 296,232 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Tripadvisor by 19.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,130 shares of the travel company’s stock valued at $61,000 after purchasing an additional 186 shares during the last quarter. Legg Mason Asset Management Japan Co. Ltd. acquired a new stake in shares of Tripadvisor in the fourth quarter valued at approximately $815,000. Mackay Shields LLC increased its holdings in shares of Tripadvisor by 1,052.5% in the fourth quarter. Mackay Shields LLC now owns 228,448 shares of the travel company’s stock valued at $12,323,000 after purchasing an additional 208,626 shares during the last quarter. Finally, QS Investors LLC increased its holdings in shares of Tripadvisor by 16,015.1% in the fourth quarter. QS Investors LLC now owns 164,213 shares of the travel company’s stock valued at $8,858,000 after purchasing an additional 163,194 shares during the last quarter. 89.03% of the stock is owned by institutional investors and hedge funds.

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About Tripadvisor (NASDAQ:TRIP)

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

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