JP Morgan Maintains Tripadvisor Inc to Neutral with Price Target $61.00

Brokerage firm JP Morgan Maintains its rating on Tripadvisor Inc(NASDAQ:TRIP). In a research note issued to the investors, the brokerage major Lowers the price-target to $61.00 per share. The shares have been rated Neutral. The rating by JP Morgan was issued on Apr 12, 2016.

In a different note, MoffettNathanson said it Initiates Coverage on Tripadvisor Inc, according to a research note issued on Mar 8, 2016. The shares have been rated ‘Neutral’ by the firm. On Feb 22, 2016, Stifel Nicolaus said it Downgrades its rating on Tripadvisor Inc. The shares have been rated ‘Sell’ by the firm. On Feb 12, 2016, Credit Suisse said it Maintains its rating on Tripadvisor Inc. In the research note, the firm Lowers the price-target to $88.00 per share. The shares have been rated ‘Outperform’ by the firm. On Feb 12, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Tripadvisor Inc. In the research note, the firm Lowers the price-target to $80.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jan 28, 2016, Raymond James said it Downgrades its rating on Tripadvisor Inc. The shares have been rated ‘Underperform’ by the firm. On Jan 27, 2016, Goldman Sachs said it Downgrades its rating on Tripadvisor Inc. The shares have been rated ‘Sell’ by the firm.

Tripadvisor Inc (TRIP) shares turned negative on Fridays trading session with the shares closing down -0.51 points or -0.80% at a volume of 13,52,627. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $63.77. The peak price level was also seen at $63.77 while the days lowest was $62.29. Finally the shares closed at $63. The 52-week high of the shares is $94 while the 52-week low is $53.48. According to the latest information available, the market cap of the company is $9,152 M.

Tripadvisor Inc(TRIP) last announced its earnings results on Feb 11, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $309.00M. Analysts had an estimated revenue of $298.98M. Earnings per share were $0.45. Analysts had estimated an EPS of $0.33.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2016, Dermot Halpin (President, Vacation Rentals) sold 10,000 shares at $66.08 per share price.Also, On Feb 24, 2016, Seth J Kalvert (SVP, GC, Sec.) sold 48,443 shares at $74.62 per share price.On Dec 14, 2015, Barrie Seidenberg (CEO, Viator, Inc.) sold 19,902 shares at $83.03 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.

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