TripAdvisor (NASDAQ:TRIP) Coverage Initiated by Analysts at Bank of America

Bank of America assumed coverage on shares of TripAdvisor (NASDAQ:TRIP) in a report issued on Monday, Marketbeat reports. The firm issued a neutral rating and a $19.00 price objective on the travel company’s stock.

Other equities research analysts have also issued reports about the company. UBS Group raised their target price on TripAdvisor from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Wall Street Zen lowered TripAdvisor from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 14th. JPMorgan Chase & Co. lifted their price objective on TripAdvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, May 9th. DA Davidson set a $16.25 target price on TripAdvisor in a report on Tuesday, July 8th. Finally, Citigroup assumed coverage on TripAdvisor in a report on Wednesday, May 28th. They set a “neutral” rating and a $16.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $17.40.

TripAdvisor Trading Up 0.9%

Shares of TripAdvisor stock opened at $18.16 on Monday. TripAdvisor has a 1 year low of $10.43 and a 1 year high of $18.66. The firm has a market cap of $2.58 billion, a PE ratio of 49.08, a P/E/G ratio of 3.11 and a beta of 1.28. The stock has a fifty day moving average price of $14.50 and a 200-day moving average price of $14.62. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.90 and a quick ratio of 1.90.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. TripAdvisor had a return on equity of 10.68% and a net margin of 2.94%. The firm had revenue of $398.00 million during the quarter, compared to analyst estimates of $386.94 million. During the same period last year, the firm posted $0.12 EPS. The business’s revenue was up .8% compared to the same quarter last year. Equities research analysts anticipate that TripAdvisor will post 0.46 EPS for the current year.

Insider Activity at TripAdvisor

In other news, CEO Almir Ambeskovic sold 16,643 shares of the business’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $15.33, for a total transaction of $255,137.19. Following the completion of the transaction, the chief executive officer owned 15,931 shares of the company’s stock, valued at approximately $244,222.23. The trade was a 51.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.

Institutional Trading of TripAdvisor

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Diversified Trust Co purchased a new stake in TripAdvisor in the second quarter worth approximately $644,000. Gilman Hill Asset Management LLC boosted its stake in TripAdvisor by 1.3% in the second quarter. Gilman Hill Asset Management LLC now owns 315,905 shares of the travel company’s stock worth $4,123,000 after buying an additional 3,995 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in TripAdvisor by 13.8% in the second quarter. Harbor Capital Advisors Inc. now owns 25,604 shares of the travel company’s stock worth $334,000 after buying an additional 3,113 shares in the last quarter. Confluence Investment Management LLC boosted its stake in TripAdvisor by 2.0% in the second quarter. Confluence Investment Management LLC now owns 654,618 shares of the travel company’s stock worth $8,543,000 after buying an additional 12,822 shares in the last quarter. Finally, First Hawaiian Bank boosted its stake in TripAdvisor by 2.9% in the first quarter. First Hawaiian Bank now owns 35,684 shares of the travel company’s stock worth $506,000 after buying an additional 1,013 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

About TripAdvisor

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.