Guggenheim Cuts TripAdvisor (TRIP) Stock To a “Sell” Rating

May 16, 2018 - By Vivian Currie

TripAdvisor, Inc. (NASDAQ:TRIP) Logo

Investors sentiment increased to 1.24 in Q4 2017. Its up 0.30, from 0.94 in 2017Q3. It increased, as 58 investors sold TripAdvisor, Inc. shares while 73 reduced holdings. 47 funds opened positions while 116 raised stakes. 115.06 million shares or 4.24% less from 120.15 million shares in 2017Q3 were reported.

Ameriprise Inc owns 41,446 shares. Assetmark holds 22 shares. Schwab Charles Inv holds 0.01% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP) for 545,402 shares. Parkside Fincl Bank & holds 0% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP) for 36 shares. Adirondack reported 0% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP). Geode Cap Management Ltd Liability Co has 1.29M shares. Lombard Odier Asset (Usa) holds 149,089 shares. Dimensional Fund Advisors Limited Partnership owns 0.01% invested in TripAdvisor, Inc. (NASDAQ:TRIP) for 521,270 shares. Hillhouse Cap Mngmt Limited stated it has 1.64M shares or 0.96% of all its holdings. Srs Investment Mngmt accumulated 5.81M shares. Stifel Fincl has 16,734 shares. Retirement Systems Of Alabama invested in 0.01% or 52,544 shares. Roundview Ltd Liability holds 0.06% or 7,025 shares. Exxonmobil Investment Mgmt Tx invested in 0.02% or 17,241 shares. Japan-based Asset Mngmt One Limited has invested 0.01% in TripAdvisor, Inc. (NASDAQ:TRIP).

Since December 18, 2017, it had 0 buys, and 3 sales for $1.51 million activity. Nishar Dipchand had sold 346 shares worth $11,937. TEUNISSEN ERNST 02494 also sold $378,280 worth of TripAdvisor, Inc. (NASDAQ:TRIP) on Tuesday, February 6.

TripAdvisor (TRIP) Receives a Downgrade

Guggenheim lowered their rating for shares of TripAdvisor (TRIP) from “Neutral” to “Sell” in analysts report that was made public on 16 May.

The stock increased 0.70% or $0.34 during the last trading session, reaching $48.71. About 3.21M shares traded or 23.75% up from the average. TripAdvisor, Inc. (TRIP) has declined 5.46% since May 17, 2017 and is downtrending. It has underperformed by 17.01% the S&P500.

Analysts await TripAdvisor, Inc. (NASDAQ:TRIP) to report earnings on August, 14. They expect $0.25 earnings per share, 0.00 % or $0.00 from last year’s $0.25 per share. TRIP’s profit will be $34.35 million for 48.71 P/E if the $0.25 EPS becomes a reality. After $0.09 actual earnings per share reported by TripAdvisor, Inc. for the previous quarter, Wall Street now forecasts 177.78 % EPS growth.

TripAdvisor, Inc. operates as an online travel company. The company has market cap of $6.69 billion. The firm operates through two divisions, Hotel and Non-Hotel. It currently has negative earnings. The Company’s travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, activities and attractions, and restaurant reservations.

More notable recent TripAdvisor, Inc. (NASDAQ:TRIP) news were published by: Seekingalpha.com which released: “TripAdvisor Inc. 2018 Q1 – Results – Earnings Call Slides” on May 09, 2018, also Seekingalpha.com with their article: “A Bet On TripAdvisor Would Be Ill-Advised” published on April 26, 2018, Prnewswire.com published: “TripAdvisor Joins the Yext PowerListings® Network” on May 16, 2018. More interesting news about TripAdvisor, Inc. (NASDAQ:TRIP) were released by: Seekingalpha.com and their article: “TripAdvisor’s Green Shoots, Can They Last?” published on May 16, 2018 as well as Nasdaq.com‘s news article titled: “5 Things TripAdvisor Wants You to Know” with publication date: May 15, 2018.

TripAdvisor, Inc. (NASDAQ:TRIP) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.