Tripadvisor Inc (TRIP) is Reiterated by Barclays to Equal Weight, Lowers Price Target to $ 70

Tripadvisor Inc (TRIP) was Reiterated by Barclays to “Equal Weight” while Lowering the Price Target of the company shares to $ 70 from a previous price target of $74 . Barclays advised their investors in a research report released on May 6, 2016.

Many Wall Street Analysts have commented on Tripadvisor Inc. Shares were Reiterated by UBS on May 6, 2016 to “Neutral” and Lowered the Price Target to $ 66 from a previous price target of $69 .Stifel Downgraded Tripadvisor Inc on Feb 22, 2016 to ” Sell”, Price Target of the shares are set at $53.Shares were Reiterated by RBC Capital Mkts on Feb 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 70 from a previous price target of $84 .

On the company’s financial health, Tripadvisor Inc reported $0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.46. The company had revenue of $352.00 million for the quarter, compared to analysts expectations of $370.59 million. The company’s revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.

Tripadvisor Inc opened for trading at $61.6 and hit $62.09 on the upside on Friday, eventually ending the session at $62.07, with a gain of 0.05% or 0.03 points. The heightened volatility saw the trading volume jump to 31,81,518 shares. Company has a market cap of $9,017 M.

In a different news, on Mar 9, 2016, Dermot Halpin (President, Vacation Rentals) sold 10,000 shares at $66.08 per share price. According to the SEC, 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 in the United States and localized versions of the TripAdvisor Website in 45 other countries including China under the brand 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.

Tripadvisor Inc

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