The stock of Tripadvisor Inc (NASDAQ:TRIP) is a huge mover today! About 375,502 shares traded hands. Tripadvisor Inc (NASDAQ:TRIP) has declined 4.16% since March 1, 2016 and is downtrending. It has underperformed by 13.40% the S&P500.
The move comes after 9 months positive chart setup for the $9.39B company. It was reported on Oct, 4 by Barchart.com. We have $102.82 PT which if reached, will make NASDAQ:TRIP worth $5.63B more.
Analysts await Tripadvisor Inc (NASDAQ:TRIP) to report earnings on November, 3. They expect $0.44 EPS, down 2.22% or $0.01 from last year’s $0.45 per share. TRIP’s profit will be $64.30 million for 36.51 P/E if the $0.44 EPS becomes a reality. After $0.28 actual EPS reported by Tripadvisor Inc for the previous quarter, Wall Street now forecasts 57.14% EPS growth.
Tripadvisor Inc (NASDAQ:TRIP) Ratings Coverage
Out of 18 analysts covering TripAdvisor LLC (NASDAQ:TRIP), 3 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 17% are positive. TripAdvisor LLC has been the topic of 32 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by JP Morgan with “Neutral” on Tuesday, April 12. The rating was maintained by Piper Jaffray on Thursday, December 10 with “Overweight”. Moffett Nathanson initiated Tripadvisor Inc (NASDAQ:TRIP) on Tuesday, March 8 with “Neutral” rating. The stock has “Hold” rating given by Deutsche Bank on Friday, August 5. Stifel Nicolaus downgraded the stock to “Sell” rating in Monday, February 22 report. UBS maintained Tripadvisor Inc (NASDAQ:TRIP) rating on Friday, November 6. UBS has “Neutral” rating and $76 price target. On Friday, November 6 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Credit Suisse maintained it with “Outperform” rating and $80 target price in Friday, February 12 report. The firm has “Neutral” rating by Guggenheim given on Friday, November 6. Barclays Capital maintained it with “Equal Weight” rating and $70 target price in Friday, May 6 report.
According to Zacks Investment Research, “TripAdvisor Inc. is an online travel research company. The Company features reviews and advice on hotels, resorts, flights, vacation rentals, vacation packages, travel guides, and lots more. The sites operate in many countries worldwide, including China under daodao.com. TripAdvisor Inc. is headquartered in Newton, Massachusetts.”
Insitutional Activity: The institutional sentiment increased to 1.36 in Q2 2016. Its up 0.30, from 1.06 in 2016Q1. The ratio is positive, as 45 funds sold all Tripadvisor Inc shares owned while 94 reduced positions. 40 funds bought stakes while 149 increased positions. They now own 125.57 million shares or 0.99% more from 124.35 million shares in 2016Q1.
The Georgia-based Herndon Management Limited Liability Com has invested 0% in Tripadvisor Inc (NASDAQ:TRIP). Moreover, Jpmorgan Chase has 0.01% invested in Tripadvisor Inc (NASDAQ:TRIP) for 806,118 shares. Gradient Investments Limited Liability Corp holds 0% or 75 shares in its portfolio. The France-based Axa has invested 0.02% in Tripadvisor Inc (NASDAQ:TRIP). Fred Alger accumulated 230 shares or 0% of the stock. Slate Path Capital Limited Partnership has invested 9.43% of its portfolio in Tripadvisor Inc (NASDAQ:TRIP). Marathon Asset Mngmt Limited Liability Partnership last reported 0.18% of its portfolio in the stock. Quantres Asset Mgmt holds 0.77% of its portfolio in Tripadvisor Inc (NASDAQ:TRIP) for 19,300 shares. Amalgamated National Bank holds 0.04% or 10,164 shares in its portfolio. Moreover, Retirement Sys Of Alabama has 0.05% invested in Tripadvisor Inc (NASDAQ:TRIP) for 122,572 shares. Mariner Wealth Advsr Ltd has 0.01% invested in the company for 3,865 shares. Massmutual Trust Com Fsb Adv, a Connecticut-based fund reported 9 shares. Moreover, Morgan Stanley has 0.03% invested in Tripadvisor Inc (NASDAQ:TRIP) for 1.26 million shares. Citadel Advisors Ltd holds 0% of its portfolio in Tripadvisor Inc (NASDAQ:TRIP) for 26,523 shares. Bnp Paribas Arbitrage Sa has 44,835 shares for 0.01% of their US portfolio.
Insider Transactions: Since May 11, 2016, the stock had 0 insider buys, and 5 selling transactions for $2.67 million net activity. $102,064 worth of Tripadvisor Inc (NASDAQ:TRIP) was sold by Kalvert Seth J. Halpin Dermot had sold 20,000 shares worth $1.22 million on Tuesday, August 9. Another trade for 4,274 shares valued at $259,743 was made by Seidenberg Barrie on Thursday, September 22.
Another recent and important Tripadvisor Inc (NASDAQ:TRIP) news was published by Fool.com which published an article titled: “Why TripAdvisor Inc. Stock Fell 13% Last Month” on September 09, 2016.
TRIP Company Profile
TripAdvisor, Inc., incorporated on July 20, 2011, is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Firm operates in two divisions: Hotel and Other. The Company’s Other segment consists of three divisions, which include Attractions, Restaurants and Vacation Rentals businesses. The Company’s branded Websites include tripadvisor.com in the United States and its localized versions of the TripAdvisor Website in approximately 45 other countries and are offered in over 30 languages, including English, Spanish, Chinese (Traditional and Simplified), Russian, Arabic, Greek, Korean, Polish, Norwegian, Turkish, Danish, Swedish, Dutch, Bahasa, Thai, Portuguese, Japanese, Italian, French, Vietnamese, Hebrew, Suomi, Hungarian, Czech, Slovak, Serbian and German. The Company’s Websites feature approximately 320 million reviews and opinions on over 6.2 million places to stay, places to eat and things to do, including approximately 995,000 hotels and accommodations and 770,000 vacation rentals, 3.8 million restaurants and 625,000 attractions around the world.
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