Guggenheim Seems to Have Lost Some Faith In TripAdvisor Inc (NASDAQ:TRIP), Downgrades Stocks

May 16, 2018 - By Migdalia James

TripAdvisor, Inc. (NASDAQ:TRIP) Logo

Investors sentiment increased to 1.24 in 2017 Q4. Its up 0.30, from 0.94 in 2017Q3. It increased, as 58 investors sold TripAdvisor, Inc. shares while 73 reduced holdings. 47 funds opened positions while 116 raised stakes. 115.06 million shares or 4.24% less from 120.15 million shares in 2017Q3 were reported.

Metropolitan Life New York invested in 19,002 shares. Earnest Prns Llc invested 0% in TripAdvisor, Inc. (NASDAQ:TRIP). Pnc Fincl Services Group Inc Inc owns 164,680 shares. Amundi Pioneer Asset Mgmt reported 47,711 shares or 0% of all its holdings. Blackrock stated it has 10.28 million shares or 0.02% of all its holdings. 187,500 are owned by California State Teachers Retirement Sys. Aperio Grp Limited Co reported 0.01% stake. 6,399 were reported by Ingalls And Snyder Lc. Tower Rech Cap Limited Liability Corp (Trc) stated it has 10,207 shares. Principal Grp Inc Inc reported 160,172 shares. Legal General Group Inc Public Limited owns 497,294 shares. 1.31M are owned by Pictet Asset Ltd. Hartford Invest Mgmt reported 22,274 shares. Kbc Nv has invested 0.01% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP). Oregon Public Employees Retirement Fund invested in 11,993 shares.

Since December 18, 2017, it had 0 insider purchases, and 3 selling transactions for $1.51 million activity. Another trade for 9,457 shares valued at $378,280 was made by TEUNISSEN ERNST 02494 on Tuesday, February 6. Halpin Dermot sold 26,313 shares worth $1.12 million.

TripAdvisor Inc (NASDAQ:TRIP) Receives a Downgrade

The stock rating of TripAdvisor Inc (NASDAQ:TRIP) was lowered by stock research analysts at Guggenheim to a “Sell”. This has been announced in a report revealed to investors and clients on Wednesday morning. Guggenheim from today has a $40.0000 TP on the shares, which would indicate a possible downside of -17.88 %.

TripAdvisor, Inc. (NASDAQ:TRIP) Ratings Coverage

Among 10 analysts covering TripAdvisor (NASDAQ:TRIP), 0 have Buy rating, 0 Sell and 10 Hold. Therefore 0 are positive. TripAdvisor has $4800 highest and $37.0 lowest target. $42.60’s average target is -12.54% below currents $48.71 stock price. TripAdvisor had 12 analyst reports since November 27, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, May 8 by Deutsche Bank. Barclays Capital maintained TripAdvisor, Inc. (NASDAQ:TRIP) rating on Friday, February 16. Barclays Capital has “Hold” rating and $41.0 target. RBC Capital Markets maintained the shares of TRIP in report on Thursday, February 15 with “Hold” rating. Wedbush maintained the shares of TRIP in report on Thursday, May 10 with “Hold” rating. The firm has “Hold” rating given on Thursday, February 15 by SunTrust. The stock of TripAdvisor, Inc. (NASDAQ:TRIP) has “Market Perform” rating given on Monday, November 27 by Cowen & Co. The stock has “Hold” rating by Stifel Nicolaus on Thursday, February 15. The rating was maintained by SunTrust with “Hold” on Monday, February 5. The stock of TripAdvisor, Inc. (NASDAQ:TRIP) earned “Hold” rating by Susquehanna on Friday, February 16.

The stock increased 0.70% or $0.34 during the last trading session, reaching $48.71. About 3.21 million shares traded or 23.75% up from the average. TripAdvisor, Inc. (NASDAQ:TRIP) has declined 5.46% since May 16, 2017 and is downtrending. It has underperformed by 17.01% the S&P500.

Analysts await TripAdvisor, Inc. (NASDAQ:TRIP) to report earnings on August, 14. They expect $0.25 EPS, 0.00 % or $0.00 from last year’s $0.25 per share. TRIP’s profit will be $34.35 million for 48.71 P/E if the $0.25 EPS becomes a reality. After $0.09 actual EPS reported by TripAdvisor, Inc. for the previous quarter, Wall Street now forecasts 177.78 % EPS growth.

TripAdvisor, Inc. operates as an online travel company. The company has market cap of $6.69 billion. The firm operates through two divisions, Hotel and Non-Hotel. It currently has negative earnings. The Company’s 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, activities and attractions, and restaurant reservations.

More notable recent TripAdvisor, Inc. (NASDAQ:TRIP) news were published by: Nasdaq.com which released: “5 Things TripAdvisor Wants You to Know” on May 15, 2018, also Seekingalpha.com with their article: “TripAdvisor Inc. 2018 Q1 – Results – Earnings Call Slides” published on May 09, 2018, Seekingalpha.com published: “TripAdvisor’s Green Shoots, Can They Last?” on May 16, 2018. More interesting news about TripAdvisor, Inc. (NASDAQ:TRIP) were released by: Seekingalpha.com and their article: “A Bet On TripAdvisor Would Be Ill-Advised” published on April 26, 2018 as well as Prnewswire.com‘s news article titled: “TripAdvisor Joins the Yext PowerListings® Network” with publication date: May 16, 2018.

TripAdvisor, Inc. (NASDAQ:TRIP) Institutional Positions Chart

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