TripAdvisor, Inc. (NASDAQ:TRIP) Downgraded to “Strong Sell” at Zacks Investment Research

Zacks Investment Research cut shares of TripAdvisor, Inc. (NASDAQ:TRIP) from a hold rating to a strong sell rating in a research note released on Tuesday, August 8th.

According to Zacks, “TripAdvisor is one of the largest online travel research companies in the world.  Over the last one year, the stock has underperformed the Zacks characterised Electronic Commerce Industry. However, the secular growth trend in the online travel space, the company’s solid fundamentals, growth initiatives, partnerships to boost hotel bookings, strong focus on developing its mobile products, expansion into the international restaurant reservation space and improvement in user growth and engagement, especially related to mobile devices are likely to help the company to achieve desired results. Macro headwinds, increasing competition and uncertainty regarding the timeline for recovery of investments remain overhangs.”

Other analysts have also issued reports about the company. Hilliard Lyons raised TripAdvisor from a neutral rating to a buy rating and raised their price objective for the company from $45.00 to $65.00 in a research note on Friday, May 12th. Barclays PLC reduced their price objective on TripAdvisor from $52.00 to $48.00 and set an equal weight rating on the stock in a research note on Monday, August 7th. Deutsche Bank AG cut their price target on TripAdvisor from $37.00 to $35.00 and set a hold rating on the stock in a research note on Thursday, May 11th. Stifel Nicolaus lifted their price target on TripAdvisor from $37.00 to $40.00 and gave the company a hold rating in a research note on Thursday, May 11th. Finally, Cantor Fitzgerald reissued a hold rating and set a $54.00 price target on shares of TripAdvisor in a research note on Wednesday, May 10th. Nine research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $44.78.

Shares of TripAdvisor (NASDAQ TRIP) traded up 1.81% on Tuesday, reaching $39.92. 2,591,061 shares of the company traded hands. The company has a market capitalization of $5.54 billion, a P/E ratio of 60.39 and a beta of 2.36. TripAdvisor has a one year low of $35.34 and a one year high of $66.13. The firm’s 50 day moving average is $38.64 and its 200 day moving average is $42.02.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.05. The business had revenue of $424 million during the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $0.38 earnings per share. Analysts expect that TripAdvisor will post $1.15 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of TRIP. Toronto Dominion Bank increased its stake in shares of TripAdvisor by 22.8% in the second quarter. Toronto Dominion Bank now owns 37,507 shares of the travel company’s stock worth $1,432,000 after buying an additional 6,960 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of TripAdvisor by 0.9% in the second quarter. Public Employees Retirement System of Ohio now owns 99,229 shares of the travel company’s stock worth $3,791,000 after buying an additional 865 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in shares of TripAdvisor by 0.4% in the second quarter. Disciplined Growth Investors Inc. MN now owns 482,352 shares of the travel company’s stock worth $18,426,000 after buying an additional 2,080 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of TripAdvisor by 106.4% in the second quarter. Bank of Nova Scotia now owns 52,240 shares of the travel company’s stock worth $1,996,000 after buying an additional 26,926 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of TripAdvisor by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 126,498 shares of the travel company’s stock worth $4,833,000 after buying an additional 7,867 shares during the last quarter. Institutional investors and hedge funds own 90.70% 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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