TripAdvisor (NASDAQ:TRIP) Rating Reaffirmed
In a note revealed on Thursday morning, The Overweight rating of TripAdvisor (NASDAQ:TRIP) shares was reaffirmed by Analysts at Piper Jaffray, who now has a $120 target price on the stock. Piper Jaffray’s target price means a possible upside of 43.76% from the close price of the company.
From a total of 21 analysts covering TripAdvisor LLC (NASDAQ:TRIP) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 21 a ”Hold”. This means that 15% of the ratings are positive. The highest target price is $97 while the lowest target price is $63. The mean of all analyst targets is $79 with a -4.86% below today’s ($83.48) stock price. TripAdvisor LLC was the topic of 19 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on November 6 with “Neutral” rating. RBC Capital Markets maintained TRIP stock in a recent report from November 6 with “Sector Perform” rating.
Approximately 335,005 shares of stock traded hands. Tripadvisor Inc (NASDAQ:TRIP) has risen 5.02% since May 7, 2015 and is uptrending. It has outperformed by 6.95% the S&P500.
The overall sentiment of institutions has increased to 1.1 in Q2 2015. Its up 0.12, from 0.98 in 2015Q2. The ratio is positive, as 71 institutions have sold all the shares of Tripadvisor Inc that they owned while 108 funds have taken shares off the table. 47 funds have purchased shares for the first time while 150 added to their positions. These institutions now hold 113.82 million shares or 8.29% less than the 124.11 million shares they owned in 2015Q2.
The Fund Criterion Capital Management Llc currently is holding shares equating to 3.96% of its total portfolio in Tripadvisor Inc representing a total of 1.85 million shares. Another fund,Eminence Capital Lp, is holding a total of 3.05 million shares equating to 2.95% of their holdings. Additionally, Allen Holding Inc Ny has a 200,000 share stake in Tripadvisor Inc which represents 2.9% of their total portfolio. The Fund, Marathon Partners Equity Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 2.59% of their total portfolio. Finally Quantum Capital Management Llc Nj, a fund which is based in the state of New Jersey reported a total holdings of 126,159 shares.
Insider activity is a very important aspect to track on any stock. Going back to May 13, 2015, shareholders of Tripadvisor Inc have witnessed 1 insider purchase, and a total of 1 insider sale equating to a net activity of approximately $186,886 . Seidenberg Barrie sold 2,478 shares worth approximately $186,975. Liberty Tripadvisor Holdings – Inc. bought 1 shares worth approximately $89. Halpin Dermot sold 6,390 shares worth approximately $518,850.
TripAdvisor, Inc. owns and operates a portfolio of online travel brands. The company has a market cap of $11.95 billion. TripAdvisor, the Company’s brand, is a travel Website. It has 52.76 P/E ratio. The Firm operates in two divisions: Hotel and Other.
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.” Get a free copy of the Zacks research report on Tripadvisor Inc (TRIP).