Deutsche Bank Downgrades Tripadvisor Inc to Hold

Brokerage firm Deutsche Bank Downgrades its rating on Tripadvisor Inc(NASDAQ:TRIP). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Deutsche Bank was issued on Aug 5, 2016.

In a different note, On Jul 28, 2016, Raymond James said it Upgrades its rating on Tripadvisor Inc. The shares have been rated ‘Market Perform’ by the firm.

Tripadvisor Inc (TRIP) made into the market gainers list on Wednesdays trading session with the shares advancing 0.08% or 0.05 points. Due to strong positive momentum, the stock ended at $62.05, which is also near the day’s high of $62.27. The stock began the session at $62.1 and the volume stood at 12,74,610 shares. The 52-week high of the shares is $87.5 and the 52 week low is $53.48. The company has a current market capitalization of $9,038 M and it has 14,56,57,690 shares in outstanding.

Tripadvisor Inc(TRIP) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $391.00M. Analysts had an estimated revenue of $403.62M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.42.

Several Insider Transactions has been reported to the SEC. On May 13, 2016, Dermot Halpin (President, Vacation Rentals) sold 7,026 shares at $66.21 per share price.Also, 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.

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