Tripadvisor (NASDAQ: TRIP) releases earnings results

Tripadvisor (NASDAQ: TRIP – Get Rating) announced its quarterly earnings results on Thursday. The travel company reported earnings of $0.37 per share (EPS) for the quarter, topping analysts’ estimates of $0.27 by $0.10, Briefing.com reports. The company generated $417.00 million in revenue for the quarter, compared to analyst estimates of $391.82 million. Tripadvisor had a net negative margin of 9.80% and a negative return on equity of 12.01%. The company’s revenue increased 77.4% year over year. During the same quarter last year, the company earned ($0.26) earnings per share.

Tripadvisor stock up 18.9%

Tripadvisor’s share price is up $3.80 during trading hours on Friday, reaching $23.86. The stock had a trading volume of 7,862,255 shares, compared to an average trading volume of 2,340,106. The company has a quick ratio of 2.23, a trading ratio of 2.23 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of -33.00, a price-to-earnings ratio of 1.61 and a beta of 1.43. Tripadvisor has a 12-month low of $16.87 and a 12-month high of $39.04. The 50-day moving average for the stock is $20.00 and the 200-day moving average is $23.80.

Institutional inflows and outflows

Large investors recently bought and sold the company’s shares. Great West Life Assurance Co. was able to increase its stake in Tripadvisor stock by 7.3% during the first quarter. Great West Life Assurance Co. can now own 54,544 shares of the travel company’s stock valued at $1,521,000 after purchasing an additional 3,709 shares during the last quarter. Yousef Capital Management Company W.L.L. Its holdings of Tripadvisor shares increased 1.2% during the first quarter. Yusuf Capital Management Inc. now owns 52,496 shares of the travel company’s stock valued at $1,424,000 after purchasing an additional 605 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in shares of Tripadvisor Corporation during the first quarter valued at approximately $1,211,000. Eaton Vance Management raised its holdings of Tripadvisor Corporation by 1,416.2% during the first quarter. Eaton Vance Management now owns 37,192 shares of the travel company’s stock, valued at $1,900,000 after purchasing an additional 34.739 shares during the last quarter. Finally, Pennsylvania Commonwealth Public School Empls Retrmt SYS boosted its position on Tripadvisor by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 36,301 shares of the travel company’s stock valued at $984,000 after purchasing an additional 3,461 shares during the period. 82.89% of the shares are owned by hedge funds and other institutional investors.

Wall Street analysts’ forecasts for growth

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A number of equity research analysts have issued reports on the stock. Ascendiant Capital Markets set a $36.00 target price for Tripadvisor shares in a report on Monday, June 20th. Trust Financial cut their price target for Tripadvisor shares from $57.00 to $44.00 and placed a “buy” rating on the stock in a research note on Thursday, June 23. Citigroup lowered its price target for Tripadvisor shares from $30.00 to $26.00 and assigned a “neutral” rating to the stock in a research note on Monday, May 9th. UBS Group lowered its price target for Tripadvisor shares from $28.00 to $20.00 and assigned a “neutral” rating to the stock in a research note on Monday. Finally, JPMorgan Chase & Co lowered its price target for Tripadvisor shares from $23.00 to $15.00 and assigned an “underweight” rating to the stock in a research note on Wednesday, June 29. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat data, the company currently has an average rating of “Hold” and an average price target of $30.11.

About Tripadvisor

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TripAdvisor, Inc. operates as an online travel company. It operates in two segments, Hotels, Media and Platforms. experiences and dining. The Company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the site in 40 markets and 20 languages.

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Tripadvisor Earnings Record (NASDAQ: TRIP)

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