Tripadvisor (NASDAQ:TRIP) Receives “Hold” Rating from Oppenheimer

Oppenheimer reiterated their hold rating on shares of Tripadvisor (NASDAQ:TRIP) in a research report released on Thursday morning, TipRanks reports. Oppenheimer also issued estimates for Tripadvisor’s Q4 2019 earnings at $0.22 EPS, FY2019 earnings at $1.18 EPS, Q1 2020 earnings at $0.19 EPS, Q2 2020 earnings at $0.44 EPS, Q3 2020 earnings at $0.48 EPS, Q4 2020 earnings at $0.25 EPS, FY2020 earnings at $1.36 EPS and FY2021 earnings at $1.48 EPS.

TRIP has been the topic of a number of other reports. Stifel Nicolaus began coverage on Tripadvisor in a report on Thursday. They issued a hold rating and a $32.00 price target on the stock. Needham & Company LLC cut their price target on Tripadvisor from $45.00 to $39.00 and set a buy rating on the stock in a report on Thursday. Deutsche Bank cut their price target on Tripadvisor from $54.00 to $45.00 and set a buy rating on the stock in a report on Tuesday, October 22nd. Piper Sandler cut their price target on Tripadvisor from to and set a neutral rating on the stock in a report on Thursday. Finally, DA Davidson cut their price target on Tripadvisor to $44.00 and set a buy rating on the stock in a report on Friday, November 8th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $40.47.

Shares of NASDAQ:TRIP traded up $0.01 during trading on Thursday, hitting $29.65. The company had a trading volume of 3,161,058 shares, compared to its average volume of 2,456,705. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33. Tripadvisor has a one year low of $27.12 and a one year high of $58.24. The company has a fifty day simple moving average of $29.78 and a two-hundred day simple moving average of $34.75.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, February 12th. The travel company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $335.00 million for the quarter, compared to the consensus estimate of $334.44 million. Tripadvisor had a return on equity of 9.18% and a net margin of 7.44%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. As a group, research analysts anticipate that Tripadvisor will post 1.17 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. raised its stake in shares of Tripadvisor by 9.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 356,119 shares of the travel company’s stock valued at $10,819,000 after buying an additional 29,429 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Tripadvisor during the 4th quarter valued at about $794,000. Marshall Wace LLP raised its stake in shares of Tripadvisor by 68.1% during the 4th quarter. Marshall Wace LLP now owns 1,150,379 shares of the travel company’s stock valued at $34,949,000 after buying an additional 465,951 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Tripadvisor by 51.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,076,334 shares of the travel company’s stock valued at $32,699,000 after buying an additional 367,062 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its stake in shares of Tripadvisor by 8.6% during the 4th quarter. Marshall Wace North America L.P. now owns 426,381 shares of the travel company’s stock valued at $12,953,000 after buying an additional 33,597 shares during the last quarter. Institutional investors and hedge funds own 84.40% of the company’s stock.

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.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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