Tripadvisor Inc (NASDAQ:TRIP) released its quarterly earnings results on Tuesday. The travel company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. Tripadvisor had a net margin of 8.08% and a return on equity of 12.67%. The firm had revenue of $372 million for the quarter, compared to the consensus estimate of $376.67 million. During the same quarter last year, the company earned $0.33 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis.
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A number of equities research analysts have issued reports on TRIP shares. Vetr cut shares of Tripadvisor from a “strong-buy” rating to a “buy” rating and set a $46.78 price target for the company. in a report on Monday, March 13th. Hilliard Lyons upgraded shares of Tripadvisor from a “neutral” rating to a “buy” rating and increased their target price for the company from $45.00 to $65.00 in a research note on Friday, May 12th. Evercore ISI reissued a “hold” rating and issued a $52.00 price target on shares of Tripadvisor in a research report on Monday, February 13th. Credit Suisse Group AG set a $51.00 price target on shares of Tripadvisor and gave the stock a “hold” rating in a research report on Monday, February 6th. Finally, Jefferies Group LLC dropped their price target on shares of Tripadvisor from $59.00 to $54.00 and set a “hold” rating for the company in a research report on Friday, February 17th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $49.35.
A number of large investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. bought a new stake in shares of Tripadvisor during the first quarter valued at about $113,000. Mn Services Vermogensbeheer B.V. increased its position in Tripadvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock valued at $130,000 after buying an additional 201 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Tripadvisor by 4.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,967 shares of the travel company’s stock valued at $171,000 after buying an additional 160 shares during the period. Sphera Funds Management LTD. acquired a new position in Tripadvisor during the first quarter valued at approximately $173,000. Finally, Nordea Investment Management AB increased its position in Tripadvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 86.78% of the company’s stock.
Tripadvisor Company Profile
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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