Tripadvisor Inc (TRIP) was Downgraded by Deutsche Bank to ” Hold” while Lowering the Price Target of the company shares to $ 63 from a previous price target of $71 . Earlier the firm had a rating of “Buy ” on the company shares. Deutsche Bank advised their investors in a research report released on Aug 5, 2016.
Many Wall Street Analysts have commented on Tripadvisor Inc. Tripadvisor Inc was Upgraded by Raymond James to ” Mkt Perform” on Jul 28, 2016.
On the company’s financial health, Tripadvisor Inc reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.42. The company had revenue of $391.00 million for the quarter, compared to analysts expectations of $402.42 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.
Tripadvisor Inc closed down -5.9 points or -8.49% at $63.59 with 87,95,389 shares getting traded on Thursday. Post opening the session at $64, the shares hit an intraday low of $62.69 and an intraday high of $66.13 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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 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.