Just How Negative is Guggenheim Following Their Downgrade of TripAdvisor (NASDAQ:TRIP)?

May 16, 2018 - By Winifred Garcia

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.

First Trust Limited Partnership invested 0.2% in TripAdvisor, Inc. (NASDAQ:TRIP). Pictet Asset holds 0.12% or 1.31M shares. Illinois-based Citadel Advsr has invested 0% in TripAdvisor, Inc. (NASDAQ:TRIP). Susquehanna Group Incorporated Ltd Liability Partnership, Pennsylvania-based fund reported 51,767 shares. Edgewood Mngmt Ltd Limited Liability Company holds 11,010 shares or 0% of its portfolio. Exane Derivatives holds 0.1% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP) for 17,267 shares. Teacher Retirement System Of Texas reported 30,827 shares stake. 259,000 are owned by 683 Capital Management Ltd Limited Liability Company. Asset Mngmt One Limited has invested 0.01% in TripAdvisor, Inc. (NASDAQ:TRIP). Shell Asset Management invested 0.01% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP). Eagle Cap Mngmt Ltd Llc reported 1.41% in TripAdvisor, Inc. (NASDAQ:TRIP). Intact Mngmt Inc holds 6,300 shares or 0.01% of its portfolio. Wealth Enhancement Advisory Services Ltd Llc invested 0.07% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP). Davenport Ltd has 0.31% invested in TripAdvisor, Inc. (NASDAQ:TRIP) for 741,159 shares. Ariel Invests Limited Liability stated it has 0.03% in TripAdvisor, Inc. (NASDAQ:TRIP).

Since December 18, 2017, it had 0 insider purchases, and 3 selling transactions for $1.51 million activity. Shares for $11,937 were sold by Nishar Dipchand. On Tuesday, February 6 TEUNISSEN ERNST 02494 sold $378,280 worth of TripAdvisor, Inc. (NASDAQ:TRIP) or 9,457 shares.

TripAdvisor (NASDAQ:TRIP) Receives a Downgrade

Guggenheim decreased the rating for shares of TripAdvisor (NASDAQ:TRIP) to aSell from a Neutral. The rating change was released in a research note earlier today.

TripAdvisor, Inc. (NASDAQ:TRIP) Ratings Coverage

Among 10 analysts covering TripAdvisor (NASDAQ:TRIP), 0 have Buy rating, 0 Sell and 10 Hold. Therefore 0 are positive. TripAdvisor has $4800 highest and $37.0 lowest target. $42.60’s average target is -12.54% below currents $48.71 stock price. TripAdvisor had 12 analyst reports since November 27, 2017 according to SRatingsIntel. The company was maintained on Monday, November 27 by Cowen & Co. SunTrust maintained TripAdvisor, Inc. (NASDAQ:TRIP) rating on Thursday, February 15. SunTrust has “Hold” rating and $40.0 target. The stock of TripAdvisor, Inc. (NASDAQ:TRIP) has “Hold” rating given on Thursday, May 10 by Wedbush. The firm has “Hold” rating by Barclays Capital given on Friday, February 16. The stock has “Hold” rating by Susquehanna on Friday, February 16. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, February 15 report. The firm has “Hold” rating given on Tuesday, May 8 by Deutsche Bank. The firm earned “Hold” rating on Monday, February 5 by SunTrust. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, February 15.

The stock increased 0.70% or $0.34 during the last trading session, reaching $48.71. About 3.21 million shares traded or 23.75% up from the average. TripAdvisor, Inc. (NASDAQ: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’s Green Shoots, Can They Last?” on May 16, 2018, also Prnewswire.com with their article: “TripAdvisor Joins the Yext PowerListings® Network” published on May 16, 2018, Nasdaq.com published: “5 Things TripAdvisor Wants You to Know” on May 15, 2018. More interesting news about TripAdvisor, Inc. (NASDAQ:TRIP) were released by: Seekingalpha.com and their article: “A Bet On TripAdvisor Would Be Ill-Advised” published on April 26, 2018 as well as Seekingalpha.com‘s news article titled: “TripAdvisor Inc. 2018 Q1 – Results – Earnings Call Slides” with publication date: May 09, 2018.

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

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