Worth Watching: Time to Buy Tripadvisor Inc After Touching Yearly Low?

Worth Watching: Time to Buy Tripadvisor Inc After Touching Yearly Low?

The stock of Tripadvisor Inc (NASDAQ:TRIP) hit a new 52-week low and has $46.78 target or 9.00% below today’s $51.41 share price. The 8 months bearish chart indicates high risk for the $7.38 billion company. The 1-year low was reported on Nov, 11 by Barchart.com. If the $46.78 price target is reached, the company will be worth $664.20 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 375,887 shares traded hands. Tripadvisor Inc (NASDAQ:TRIP) has declined 14.46% since April 11, 2016 and is downtrending. It has underperformed by 20.60% the S&P500.

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. $120 is the highest target while $53 is the lowest. The $74.56 average target is 45.03% above today’s ($51.41) stock price. TripAdvisor LLC has been the topic of 32 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Equal Weight” rating in Friday, May 6 report. UBS maintained Tripadvisor Inc (NASDAQ:TRIP) on Friday, February 12 with “Neutral” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, February 12. The firm has “Buy” rating given on Friday, July 24 by Deutsche Bank. As per Tuesday, October 27, the company rating was downgraded by Macquarie Research. The stock has “Buy” rating given by Deutsche Bank on Thursday, September 17. The firm earned “Hold” rating on Friday, August 5 by Deutsche Bank. The stock of Tripadvisor Inc (NASDAQ:TRIP) earned “Outperform” rating by Credit Suisse on Friday, February 12. RBC Capital Markets maintained it with “Sector Perform” rating and $86 target price in Friday, July 24 report. RBC Capital Markets maintained the shares of TRIP in a report on Friday, November 6 with “Sector Perform” rating.

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 2016 Q2. Its up 0.30, from 1.06 in 2016Q1. The ratio improved, 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.
Pnc Fin Services Inc last reported 20,962 shares in the company. New York State Common Retirement Fund owns 296,772 shares or 0.03% of their US portfolio. Lazard Asset Mngmt Ltd Liability has 50,085 shares for 0.01% of their US portfolio. Schroder Management Gru last reported 0.04% of its portfolio in the stock. Reilly Lc holds 0% or 27 shares in its portfolio. Marathon Partners Equity Lc reported 60,000 shares or 1.63% of all its holdings. Tci Wealth Advisors last reported 0% of its portfolio in the stock. Tortoise Invest Mgmt Limited Liability Corporation holds 300 shares or 0.01% of its portfolio. Clearbridge Ltd last reported 0.02% of its portfolio in the stock. Signaturefd Ltd Liability Corp accumulated 18 shares or 0% of the stock. Brown Advisory Inc holds 1.58% or 7.01 million shares in its portfolio. Moreover, Beacon Trust Com has 0.36% invested in Tripadvisor Inc (NASDAQ:TRIP) for 31,149 shares. Guggenheim Limited Liability Corp last reported 0.12% of its portfolio in the stock. Eminence Cap L P, a New York-based fund reported 250,899 shares. Light Street Capital Management Ltd Liability last reported 375,000 shares in the company.

Insider Transactions: Since August 9, 2016, the stock had 0 insider purchases, and 4 selling transactions for $2.20 million net activity. $617,747 worth of Tripadvisor Inc (NASDAQ:TRIP) was sold by Halpin Dermot. Kalvert Seth J sold $102,064 worth of stock. On Thursday, September 22 the insider Seidenberg Barrie sold $259,743.

More news for Tripadvisor Inc (NASDAQ:TRIP) were recently published by: Fool.com, which released: “Why TripAdvisor Inc. Got Clipped Today” on November 09, 2016. Forbes.com‘s article titled: “Tripadvisor Enters Oversold Territory (TRIP)” and published on November 09, 2016 is yet another important article.

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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