Jefferies Financial Group Reaffirms “Sell” Rating for Tripadvisor (NASDAQ:TRIP)

Jefferies Financial Group reissued their sell rating on shares of Tripadvisor (NASDAQ:TRIP) in a research report report published on Tuesday, October 15th, TipRanks reports.

TRIP has been the topic of a number of other reports. Bank of America cut their target price on Tripadvisor from $43.00 to $40.00 and set an underperform rating on the stock in a research report on Friday, August 9th. Deutsche Bank dropped their price target on Tripadvisor from $65.00 to $59.00 and set a buy rating on the stock in a research report on Tuesday, August 6th. DA Davidson raised Tripadvisor from a neutral rating to a buy rating and set a $55.00 price target on the stock in a research report on Thursday, June 27th. SunTrust Banks reissued a buy rating and issued a $60.00 price target on shares of Tripadvisor in a research note on Tuesday, October 8th. Finally, Cowen set a $39.00 price target on Tripadvisor and gave the stock a sell rating in a research note on Friday, August 9th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $47.87.

Tripadvisor stock traded up $0.31 during midday trading on Tuesday, reaching $31.96. 6,135,600 shares of the company were exchanged, compared to its average volume of 1,867,056. The firm’s 50-day simple moving average is $38.72 and its 200-day simple moving average is $43.12. Tripadvisor has a 1 year low of $29.27 and a 1 year high of $65.54. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 30.44, a P/E/G ratio of 1.89 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, November 6th. The travel company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. Tripadvisor had a return on equity of 10.63% and a net margin of 8.49%. The company had revenue of $428.00 million for the quarter, compared to analyst estimates of $459.39 million. During the same period in the prior year, the company posted $0.72 EPS. Tripadvisor’s quarterly revenue was down 6.6% on a year-over-year basis. On average, sell-side analysts expect that Tripadvisor will post 1.27 earnings per share for the current fiscal year.

In other news, insider Dermot Halpin sold 3,409 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.23, for a total transaction of $137,144.07. Following the completion of the sale, the insider now directly owns 752 shares of the company’s stock, valued at $30,252.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.50% of the company’s stock.

Hedge funds have recently modified their holdings of the business. CWM LLC increased its position in Tripadvisor by 3.2% in the 2nd quarter. CWM LLC now owns 163,649 shares of the travel company’s stock worth $7,575,000 after purchasing an additional 5,117 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Tripadvisor during the 1st quarter valued at about $365,000. Brinker Capital Inc. increased its holdings in shares of Tripadvisor by 25.9% during the 3rd quarter. Brinker Capital Inc. now owns 68,296 shares of the travel company’s stock valued at $2,642,000 after acquiring an additional 14,065 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Tripadvisor by 3.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 774,340 shares of the travel company’s stock valued at $35,845,000 after acquiring an additional 25,314 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in shares of Tripadvisor by 30.2% during the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 14,646 shares of the travel company’s stock valued at $683,000 after acquiring an additional 3,397 shares during the last quarter. 85.77% of the stock is currently owned by 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.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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