Tripadvisor (NASDAQ:TRIP)‘s stock had its “hold” rating restated by Royal Bank of Canada in a research report issued to clients and investors on Friday. They currently have a $45.00 target price on the travel company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 3.88% from the company’s current price.
A number of other brokerages also recently issued reports on TRIP. ValuEngine upgraded Tripadvisor from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded Tripadvisor from a “sell” rating to a “hold” rating in a research note on Friday. Wells Fargo & Co restated a “hold” rating on shares of Tripadvisor in a research note on Wednesday. Piper Jaffray Companies restated a “neutral” rating and issued a $47.00 price objective on shares of Tripadvisor in a research note on Thursday. Finally, Zacks Investment Research downgraded Tripadvisor from a “hold” rating to a “sell” rating in a research note on Thursday. Seven investment analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $40.06.
Tripadvisor (NASDAQ TRIP) opened at $43.32 on Friday. The stock has a market capitalization of $6,150.00, a price-to-earnings ratio of 114.00, a price-to-earnings-growth ratio of 4.89 and a beta of 2.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.67 and a quick ratio of 2.47. Tripadvisor has a 12 month low of $29.50 and a 12 month high of $50.95.
Tripadvisor declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 14th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the travel company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total value of $378,280.00. Following the completion of the transaction, the chief financial officer now owns 13,866 shares in the company, valued at approximately $554,640. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.09% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its stake in Tripadvisor by 0.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 99,229 shares of the travel company’s stock worth $3,791,000 after purchasing an additional 865 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in Tripadvisor by 6.8% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 20,386 shares of the travel company’s stock worth $701,000 after purchasing an additional 1,301 shares during the period. Flinton Capital Management LLC boosted its stake in Tripadvisor by 26.2% in the 4th quarter. Flinton Capital Management LLC now owns 8,400 shares of the travel company’s stock worth $289,000 after purchasing an additional 1,744 shares during the period. LS Investment Advisors LLC boosted its stake in Tripadvisor by 25.8% in the 4th quarter. LS Investment Advisors LLC now owns 8,642 shares of the travel company’s stock worth $298,000 after purchasing an additional 1,775 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Tripadvisor by 11.5% in the 3rd quarter. Pacer Advisors Inc. now owns 18,309 shares of the travel company’s stock worth $742,000 after purchasing an additional 1,884 shares during the period. Institutional investors and hedge funds own 90.33% of the company’s stock.
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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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