TripAdvisor (NASDAQ: TRIP) The price target was raised from USD 37.00 to USD 40.00 by analysts at the Credit Suisse Group in a research note issued to investors on Monday, Benzinga reports. The brokerage currently rates the travel company’s share as “neutral”. Credit Suisse Group’s price target suggests a potential upside of 7.41% from the share’s previous closing price.
Several other research companies have also recently looked at TRIP. Ascendant Capital Markets raised its price target on TripAdvisor shares from $ 50.00 to $ 54.00 and gave the company a “Buy” rating in a report on Monday, June 14th. They discovered that the move was a call for evaluation. Mizuho raised its price target for TripAdvisor shares from USD 30.00 to USD 36.00 and rated the shares as “neutral” in a report on Monday, May 10th. The Jefferies Financial Group raised its target price for the TripAdvisor share from 24.00 to 29.00 US dollars and rated the share in a report on Tuesday, April 13th, with “underperform”. Finally, Barclays raised its target price on TripAdvisor shares from $ 45.00 to $ 49.00 in a report on Monday, May 10th. Two research analysts have rated the stock with a sell rating, six with a hold rating and six with a buy rating for the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $ 42.44.
TripAdvisor stock opened at $ 37.24 on Monday. The company’s 50-day simple moving average is $ 39.43. TripAdvisor has an annual low of $ 18.24 and an annual high of $ 64.95. The company has a debt ratio of 1.15, a quick ratio of 3.05, and a current ratio of 3.05. The company has a market cap of $ 5.10 billion, a P / E of -14.16, and a beta of 1.38.
TripAdvisor (NASDAQ: TRIP) last published its quarterly results on Thursday, August 5th. The travel company reported earnings per share ($ 0.26) for the quarter, missing the Thomson Reuters consensus estimate of ($ 0.25) by $ 0.01. TripAdvisor had a negative net margin of 78.84% and a negative return on equity of 36.74%. Analysts expect TripAdvisor to post earnings per share of -0.73 for the current year.
In addition, CFO Ernst 02494 Teunissen sold 1,527 TripAdvisor shares in a transaction on Monday, May 17. The shares were sold at an average price of $ 41.00 for a total transaction of $ 62,607.00. Upon completion of the transaction, the CFO now directly owns 2,744 shares in the company valued at $ 112,504. The sale was announced in a filing with the Securities & Exchange Commission, which can be accessed via this link. Also, insider Lindsay Nelson sold 9,000 TripAdvisor shares in a transaction dated Wednesday June 9th. The shares were sold at an average price of $ 43.56 for a total transaction of $ 392,040.00. Following the transaction, the Insider now owns 15,642 shares in the company valued at $ 681,365.52. The disclosure for this sale can be found here. 3.50% of the shares are owned by company insiders.
Institutional investors recently bought and sold shares of the stock. Eaton Vance Management acquired a new stake in TripAdvisor worth approximately $ 34,000 in the first quarter. Gilder Gagnon Howe & Co. LLC bought a new stake in TripAdvisor worth approximately $ 40,000 in the first quarter. MUFG Americas Holdings Corp acquired a new stake in TripAdvisor worth approximately $ 40,000 in the second quarter. Harbor Investments Inc. acquired a new stake in TripAdvisor shares worth $ 48,000 in the first quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in TripAdvisor shares worth $ 56,000 in the first quarter. 75.21% of the shares are currently owned by institutional investors and hedge funds.
TripAdvisor, Inc. is an online travel company. It operates in two segments, hotels, media and platforms; and experiences & food. The company operates TripAdvisor-branded websites, including tripadvisor.com in the US; and localized versions of the website in 48 markets and 28 languages.
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