Tripadvisor Inc (NASDAQ:TRIP) – Research analysts at Piper Jaffray Companies issued their Q1 2020 earnings per share estimates for Tripadvisor in a note issued to investors on Wednesday, February 13th. Piper Jaffray Companies analyst M. Olson forecasts that the travel company will post earnings per share of $0.17 for the quarter. Piper Jaffray Companies currently has a “Neutral” rating and a $58.00 price target on the stock. Piper Jaffray Companies also issued estimates for Tripadvisor’s Q2 2020 earnings at $0.31 EPS and Q3 2020 earnings at $0.55 EPS.
Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, February 12th. The travel company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. The business had revenue of $346.00 million for the quarter, compared to analysts’ expectations of $342.90 million. Tripadvisor had a net margin of 7.00% and a return on equity of 9.27%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS.
Several other analysts have also recently issued reports on the stock. SunTrust Banks upped their target price on shares of Tripadvisor to $66.00 and gave the company a “hold” rating in a research report on Friday, November 9th. Credit Suisse Group upped their target price on shares of Tripadvisor from $51.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, November 9th. BidaskClub upgraded shares of Tripadvisor from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 4th. ValuEngineupgraded shares of Tripadvisor from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 6th. Finally, Bank of America upped their target price on shares of Tripadvisor from $38.00 to $43.00 and gave the company an “underperform” rating in a research report on Thursday, November 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Tripadvisor currently has an average rating of “Hold” and an average target price of $56.63.
Shares of TRIP stock opened at $56.43 on Monday. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 53.74, a P/E/G ratio of 3.33 and a beta of 1.49. Tripadvisor has a 52 week low of $36.75 and a 52 week high of $69.00.
Institutional investors have recently bought and sold shares of the stock. Oakworth Capital Inc. purchased a new stake in Tripadvisor in the 4th quarter worth about $32,000. Rational Advisors LLC raised its position in Tripadvisor by 870.8% in the 4th quarter. Rational Advisors LLC now owns 631 shares of the travel company’s stock worth $34,000 after purchasing an additional 566 shares during the period. Taylor Hoffman Wealth Management purchased a new stake in Tripadvisor in the 4th quarter worth about $54,000. Captrust Financial Advisors raised its position in Tripadvisor by 47.5% in the 4th quarter. Captrust Financial Advisors now owns 1,084 shares of the travel company’s stock worth $58,000 after purchasing an additional 349 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its position in Tripadvisor by 19.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,130 shares of the travel company’s stock worth $61,000 after purchasing an additional 186 shares during the period. 89.03% of the stock is currently owned by institutional investors.
In related news, insider Dermot Halpin sold 17,655 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $56.69, for a total value of $1,000,861.95. Following the sale, the insider now directly owns 21,791 shares of the company’s stock, valued at approximately $1,235,331.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Seth J. Kalvert sold 15,653 shares of the stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $65.14, for a total transaction of $1,019,636.42. Following the completion of the sale, the senior vice president now directly owns 15,653 shares in the company, valued at $1,019,636.42. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.
About Tripadvisor
TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.