Tripadvisor Inc (TRIP) is Upgraded by Raymond James to Mkt Perform

Tripadvisor Inc (TRIP) was Upgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Underperform ” on the company shares. Raymond James advised their investors in a research report released on Jul 28, 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 .Shares were Reiterated by Barclays on May 6, 2016 to “Equal Weight” and Lowered the Price Target to $ 70 from a previous price target of $74 .

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 $71.1 and hit $71.69 on the upside on Thursday, eventually ending the session at $71.23, with a gain of 1.98% or 1.38 points. The heightened volatility saw the trading volume jump to 15,66,558 shares. Company has a market cap of $10,379 M.

In a different news, on May 13, 2016, Dermot Halpin (President, Vacation Rentals) sold 7,026 shares at $66.21 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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