Breaking: BofA Merrill Reaffirms $43.0 Price Target On TripAdvisor (TRIP) Shares, Reaffirms Their Original “Underperform” Rating

November 8, 2018 - By Ann Prendergast

TripAdvisor, Inc. (NASDAQ:TRIP) Logo

Investors sentiment increased to 1.24 in Q2 2018. Its up 0.19, from 1.05 in 2018Q1. It improved, as 23 investors sold TripAdvisor, Inc. shares while 109 reduced holdings. 73 funds opened positions while 91 raised stakes. 114.02 million shares or 4.32% less from 119.17 million shares in 2018Q1 were reported.

Earnest Prtn Ltd Liability Company accumulated 0% or 46 shares. Cutter Comm Brokerage owns 5,557 shares. The Guernsey-based Bluecrest Management Ltd has invested 0.01% in TripAdvisor, Inc. (NASDAQ:TRIP). Oakbrook Investments Limited Liability Company has 4,950 shares. Pub Employees Retirement Association Of Colorado has invested 0.01% in TripAdvisor, Inc. (NASDAQ:TRIP). Mitsubishi Ufj Tru & reported 225,304 shares or 0.02% of all its holdings. 5,744 are held by Sector Pension Board. First L P stated it has 0.3% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP). Trust Com Of Vermont reported 0% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP). Moreover, Norinchukin Financial Bank The has 0.01% invested in TripAdvisor, Inc. (NASDAQ:TRIP). State Treasurer State Of Michigan holds 0.01% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP) for 31,754 shares. Jackson Square Lc has invested 2.65% in TripAdvisor, Inc. (NASDAQ:TRIP). Parkside Savings Bank & stated it has 43 shares or 0% of all its holdings. Ameriprise Fincl holds 0% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP) for 168,747 shares. Shell Asset reported 7,340 shares or 0.01% of all its holdings.

Since May 15, 2018, it had 0 buys, and 5 sales for $1.05 million activity. Shares for $477,378 were sold by TEUNISSEN ERNST 02494. $300,803 worth of stock was sold by Kalvert Seth J on Friday, June 15. Nishar Dipchand had sold 3,497 shares worth $199,749 on Thursday, June 21.

TripAdvisor (TRIP) Rating Reaffirmed

They currently have a $43.0 TP on TripAdvisor (TRIP). The target price by BofA Merrill would suggest a potential downside of -25.95 % from the company’s stock close price. This has been released in a report on Thursday morning.

The stock increased 15.26% or $8.86 during the last trading session, reaching $66.93. About 12.56M shares traded or 577.49% up from the average. TripAdvisor, Inc. (TRIP) has risen 14.12% since November 9, 2017 and is uptrending. It has underperformed by 1.50% the S&P500.

TripAdvisor, Inc. operates as an online travel company. The company has market cap of $9.21 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: Benzinga.com which released: “11 Stocks To Watch For November 8, 2018” on November 08, 2018, also Nasdaq.com with their article: “Why TripAdvisor Inc. Stock Jumped Today” published on November 08, 2018, Fool.com published: “TripAdvisor Books Better Earnings” on November 07, 2018. More interesting news about TripAdvisor, Inc. (NASDAQ:TRIP) were released by: Nasdaq.com and their article: “TripAdvisor Inc (TRIP) Q3 2018 Earnings Conference Call Transcript” published on November 08, 2018 as well as Streetinsider.com‘s news article titled: “Weak results keep S&P, Nasdaq lower ahead of Fed decision” with publication date: November 08, 2018.

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

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