Brokerage firm Cowen & Co. Downgrades its rating on Tripadvisor Inc(TRIP). As per the latest information, Cowen & Co. Lowers the price target to $35 per share from a prior target of $45. The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the stock financial advisor at Cowen & Co. was issued on Feb 22, 2017 in a research report to their Investors and Clients.
Tripadvisor Inc (TRIP) shares turned negative on Wednesdays trading session with the shares closing down -1.29 points or -2.75% at a volume of 43,43,788. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $46.16. The peak price level was also seen at $46.16 while the days lowest was $44.96. Finally the shares closed at $45.55. The 52-week high of the shares is $71.69 while the 52-week low is $44.96. According to the latest information available, the market cap of the company is $6,566 M.
Tripadvisor Inc(TRIP) last announced its earnings results on Nov 8, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $421.00M. Analysts had an estimated revenue of $436.31M. Earnings per share were $0.53. Analysts had estimated an EPS of $0.53.
Several Insider Transactions has been reported to the SEC. On Sep 26, 2016, Barrie Seidenberg (CEO, Viator, Inc.) sold 4,274 shares at $61.04 per share price.Also, On Sep 22, 2016, Seth J Kalvert (SVP, GC, Sec.) sold 1,687 shares at $60.50 per share price.On Aug 29, 2016, Dermot Halpin (President, Vacation Rentals) sold 10,000 shares at $61.77 per share price, according to the Form-4 filing with the securities and exchange commission.
TripAdvisor Inc. (TripAdvisor) owns and operates a portfolio of online travel brands. TripAdvisor the Company’s brand is a travel Website. The Company operates in two segments: Hotel and Other. Its Other segment consists of three operating segments which include its vacation rentals restaurants and attractions businesses. The Company’s branded Websites include tripadvisor.com in the United States and localized versions of the TripAdvisor Website in 45 other countries including China under the brand daodao.com and are offered in 28 languages. It features reviews and opinions on accommodations including hotels and accommodations and vacation rentals as well as restaurants and attractions in approximately 147000 destinations throughout the world. In addition to user-generated content its Websites feature price comparison tools and links to partner Websites including travel advertisers where users can book their travel arrangements.