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

Research analysts at Bank of America initiated coverage on shares of TripAdvisor (NASDAQ:TRIP) in a report released on Monday, MarketBeat reports. The firm set a “neutral” rating and a $19.00 price target on the travel company’s stock. Bank of America‘s price objective would indicate a potential upside of 4.17% from the stock’s previous close.

TRIP has been the topic of several other research reports. Citigroup started coverage on TripAdvisor in a report on Wednesday, May 28th. They set a “neutral” rating and a $16.00 price target on the stock. JPMorgan Chase & Co. upped their target price on shares of TripAdvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, May 9th. DA Davidson set a $16.25 target price on shares of TripAdvisor in a report on Tuesday, July 8th. Mizuho upgraded shares of TripAdvisor to a “hold” rating in a report on Friday, April 18th. Finally, UBS Group increased their price objective on shares of TripAdvisor from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, TripAdvisor has an average rating of “Hold” and an average target price of $17.40.

TripAdvisor Trading Up 0.4%

NASDAQ TRIP opened at $18.24 on Monday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 3.14 and a beta of 1.28. The firm has a 50 day simple moving average of $14.72 and a 200-day simple moving average of $14.67. TripAdvisor has a one year low of $10.43 and a one year high of $18.66.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.05 by $0.09. TripAdvisor had a net margin of 2.94% and a return on equity of 10.68%. The business had revenue of $398.00 million during the quarter, compared to the consensus estimate of $386.94 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The company’s quarterly 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 fiscal year.

Insiders Place Their Bets

In other TripAdvisor news, CEO Almir Ambeskovic sold 16,643 shares of the company’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $15.33, for a total value of $255,137.19. Following the completion of the transaction, the chief executive officer owned 15,931 shares in the company, valued at $244,222.23. This represents a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of TripAdvisor

A number of hedge funds and other institutional investors have recently made changes to their positions in TRIP. Ameriprise Financial Inc. raised its holdings in shares of TripAdvisor by 179.5% in the fourth quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock valued at $65,172,000 after buying an additional 2,833,528 shares during the last quarter. Nuveen LLC purchased a new stake in TripAdvisor during the 1st quarter valued at approximately $32,536,000. Royal Bank of Canada lifted its position in TripAdvisor by 82,306.8% during the 1st quarter. Royal Bank of Canada now owns 1,528,647 shares of the travel company’s stock worth $21,661,000 after acquiring an additional 1,526,792 shares during the period. AQR Capital Management LLC grew its stake in shares of TripAdvisor by 40.1% in the 4th quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock valued at $49,694,000 after purchasing an additional 962,262 shares during the last quarter. Finally, Toronado Partners LLC acquired a new position in shares of TripAdvisor in the fourth quarter valued at approximately $10,533,000. Institutional investors and hedge funds 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.