Price Action Report: What’s Next for Tripadvisor Inc After Achieving 52 Week Low?

Price Action Report: What's Next for Tripadvisor Inc After Achieving 52 Week Low?

The stock of Tripadvisor Inc (NASDAQ:TRIP) hit a new 52-week low and has $44.10 target or 8.00% below today’s $47.93 share price. The 9 months bearish chart indicates high risk for the $6.84B company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $44.10 price target is reached, the company will be worth $547.20 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 299,599 shares traded hands. Tripadvisor Inc (NASDAQ:TRIP) has declined 24.09% since April 28, 2016 and is downtrending. It has underperformed by 30.01% the S&P500.

Analysts await Tripadvisor Inc (NASDAQ:TRIP) to report earnings on February, 9. They expect $0.18 EPS, down 50.00% or $0.18 from last year’s $0.36 per share. TRIP’s profit will be $25.69 million for 66.57 P/E if the $0.18 EPS becomes a reality. After $0.41 actual EPS reported by Tripadvisor Inc for the previous quarter, Wall Street now forecasts -56.10% negative 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. RBC Capital Markets maintained Tripadvisor Inc (NASDAQ:TRIP) rating on Friday, July 24. RBC Capital Markets has “Sector Perform” rating and $86 price target. Macquarie Research downgraded the shares of TRIP in a report on Tuesday, October 27 to “Neutral” rating. The rating was downgraded by Raymond James on Thursday, January 28 to “Underperform”. The firm earned “Hold” rating on Friday, August 5 by Deutsche Bank. The firm earned “Sell” rating on Wednesday, January 27 by Goldman Sachs. The stock has “Neutral” rating given by UBS on Friday, November 6. The rating was downgraded by Guggenheim to “Neutral” on Friday, November 6. Piper Jaffray maintained it with “Overweight” rating and $120 target price in Thursday, December 10 report. The company was maintained on Friday, February 12 by Credit Suisse. The firm has “Neutral” rating given on Tuesday, April 12 by JP Morgan.

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 decreased to 1.15 in 2016 Q2. Its down 0.21, from 1.36 in 2016Q1. The ratio worsened, 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.
Schroder Inv Management has 275,163 shares for 0.04% of their US portfolio. State Treasurer State Of Michigan accumulated 0.02% or 39,738 shares. Mizuho Asset Management Coltd last reported 1,875 shares in the company. Blackrock Limited has invested 0.05% of its portfolio in Tripadvisor Inc (NASDAQ:TRIP). Jennison Ltd Limited Liability Company, a New York-based fund reported 855,118 shares. Ubs Oconnor Ltd Liability Com accumulated 0% or 95,748 shares. Credit Agricole S A accumulated 53,868 shares or 0.01% of the stock. Moreover, Profund Limited Liability Corp has 0.1% invested in Tripadvisor Inc (NASDAQ:TRIP) for 31,392 shares. Columbus Circle Invsts holds 0.01% of its portfolio in Tripadvisor Inc (NASDAQ:TRIP) for 13,520 shares. Motley Fool Wealth Mngmt Ltd Co has invested 2.33% of its portfolio in Tripadvisor Inc (NASDAQ:TRIP). Moreover, Westport Mngmt has 0% invested in Tripadvisor Inc (NASDAQ:TRIP) for 225 shares. Raymond James Assocs, a Florida-based fund reported 18,807 shares. Guggenheim Llc owns 592,164 shares or 0.12% of their US portfolio. Harber Asset Mgmt Limited has 0.95% invested in the company for 26,800 shares. Nomura Asset Communications has invested 0.02% of its portfolio in Tripadvisor Inc (NASDAQ:TRIP).

Insider Transactions: Since August 9, 2016, the stock had 0 insider purchases, and 4 sales for $2.20 million net activity. $102,064 worth of Tripadvisor Inc (NASDAQ:TRIP) shares were sold by Kalvert Seth J. The insider Seidenberg Barrie sold 4,274 shares worth $259,743. Halpin Dermot sold $617,747 worth of stock or 10,000 shares.

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. Seekingalpha.com‘s article titled: “TripAdvisor: Not All Bad News” and published on November 29, 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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