Tripadvisor Inc (TRIP) Earns “Hold” Rating from Royal Bank of Canada

Royal Bank of Canada reissued their hold rating on shares of Tripadvisor Inc (NASDAQ:TRIP) in a report published on Monday, May 8th. The firm currently has a $48.00 target price on the travel company’s stock.

A number of other brokerages have also recently commented on TRIP. Zacks Investment Research cut shares of Tripadvisor from a hold rating to a sell rating in a research note on Thursday, May 4th. Jefferies Group LLC reiterated a hold rating and issued a $54.00 price target on shares of Tripadvisor in a research note on Monday, April 24th. Vetr cut shares of Tripadvisor from a hold rating to a sell rating and set a $41.00 price target for the company. in a research note on Monday, April 24th. Cowen and Company reiterated an underperform rating and issued a $35.00 price target on shares of Tripadvisor in a research note on Wednesday, March 8th. Finally, Piper Jaffray Companies cut shares of Tripadvisor from an overweight rating to a neutral rating and cut their price target for the company from $60.00 to $47.00 in a research note on Thursday, March 2nd. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company. Tripadvisor has a consensus rating of Hold and an average price target of $49.35.

Shares of Tripadvisor (NASDAQ:TRIP) traded down 1.19% during mid-day trading on Monday, reaching $44.08. The company had a trading volume of 2,076,259 shares. The stock has a market capitalization of $6.23 billion, a P/E ratio of 62.00 and a beta of 2.02. The company’s 50-day moving average is $43.98 and its 200 day moving average is $47.76. Tripadvisor has a 52-week low of $40.45 and a 52-week high of $71.69.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, May 9th. The travel company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Tripadvisor had a return on equity of 12.67% and a net margin of 8.08%. The business had revenue of $372 million for the quarter, compared to analyst estimates of $376.67 million. During the same quarter in the previous year, the company posted $0.33 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts anticipate that Tripadvisor will post $1.17 EPS for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Tripadvisor by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,652,534 shares of the travel company’s stock valued at $459,763,000 after buying an additional 209,743 shares during the period. Jackson Square Partners LLC boosted its stake in shares of Tripadvisor by 4.1% in the third quarter. Jackson Square Partners LLC now owns 9,646,137 shares of the travel company’s stock valued at $609,442,000 after buying an additional 383,862 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Tripadvisor by 1,932.9% in the first quarter. BlackRock Inc. now owns 7,169,686 shares of the travel company’s stock valued at $309,444,000 after buying an additional 6,817,010 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Tripadvisor by 0.9% in the fourth quarter. Brown Advisory Inc. now owns 6,614,225 shares of the travel company’s stock valued at $306,701,000 after buying an additional 61,779 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Tripadvisor by 0.9% in the first quarter. State Street Corp now owns 4,767,474 shares of the travel company’s stock valued at $205,767,000 after buying an additional 42,936 shares in the last quarter. 86.78% of the stock is currently owned by institutional investors and hedge funds.

About Tripadvisor

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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