The stock of Tripadvisor Inc (NASDAQ:TRIP) is a huge mover today! About 2.09 million shares traded hands. Tripadvisor Inc (NASDAQ:TRIP) has declined 23.50% since April 13, 2016 and is downtrending. It has underperformed by 27.43% the S&P500.
The move comes after 8 months positive chart setup for the $6.97B company. It was reported on Nov, 15 by Barchart.com. We have $69.03 PT which if reached, will make NASDAQ:TRIP worth $2.65B more.
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. The company was downgraded on Thursday, January 28 by Raymond James. The stock of Tripadvisor Inc (NASDAQ:TRIP) has “Buy” rating given on Friday, July 24 by Deutsche Bank. Stifel Nicolaus downgraded the stock to “Sell” rating in Monday, February 22 report. As per Thursday, September 17, the company rating was maintained by Piper Jaffray. The stock of Tripadvisor Inc (NASDAQ:TRIP) has “Buy” rating given on Thursday, September 17 by Deutsche Bank. Macquarie Research downgraded the stock to “Neutral” rating in Tuesday, October 27 report. The firm earned “Neutral” rating on Tuesday, March 8 by Moffett Nathanson. On Friday, November 6 the stock rating was maintained by UBS with “Neutral”. The firm has “Neutral” rating given on Tuesday, April 12 by JP Morgan. Guggenheim downgraded the shares of TRIP in a report on Friday, November 6 to “Neutral” 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.
Sei Invests holds 0.12% of its portfolio in Tripadvisor Inc (NASDAQ:TRIP) for 303,453 shares. Hillhouse Mgmt has 0.05% invested in the company for 30,979 shares. Davenport Lc, a Virginia-based fund reported 382,325 shares. Next Fin Grp Inc Inc has 0% invested in the company for 22 shares. The Florida-based Ladenburg Thalmann Ser has invested 0% in Tripadvisor Inc (NASDAQ:TRIP). Jackson Square Prns Limited Co has 9.26M shares for 2.96% of their US portfolio. Louisiana State Employees Retirement Systems accumulated 7,500 shares or 0.03% of the stock. Moreover, World Asset Management Incorporated has 0.03% invested in Tripadvisor Inc (NASDAQ:TRIP) for 10,778 shares. Moreover, Calvert Inv Management Inc has 0.02% invested in Tripadvisor Inc (NASDAQ:TRIP) for 7,457 shares. Mutual Of America Cap Management Limited Com has invested 0.02% of its portfolio in Tripadvisor Inc (NASDAQ:TRIP). Ruggie Capital Grp Incorporated has 0% invested in the company for 25 shares. State Street Corp holds 4.62M shares or 0.03% of its portfolio. Pitcairn Com, a Pennsylvania-based fund reported 43,465 shares. Commerzbank Aktiengesellschaft Fi reported 146,593 shares or 0.06% of all its holdings. Cornerstone Advsr accumulated 0% or 25 shares.
Insider Transactions: Since August 9, 2016, the stock had 0 insider buys, and 4 sales for $2.20 million net activity. Halpin Dermot sold 10,000 shares worth $617,747. On Thursday, September 22 the insider Seidenberg Barrie sold $259,743. 1,687 Tripadvisor Inc (NASDAQ:TRIP) shares with value of $102,064 were sold by Kalvert Seth J.
Another recent and important Tripadvisor Inc (NASDAQ:TRIP) news was published by Fool.com which published an article titled: “Why TripAdvisor Inc. Got Clipped Today” on November 09, 2016.
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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