Raymond James Upgrades Tripadvisor Inc to Market Perform

Brokerage firm Raymond James Upgrades its rating on Tripadvisor Inc(NASDAQ:TRIP). The shares have been rated Market Perform. Previously, the analysts had a Underperform rating on the shares. The rating by Raymond James was issued on Jul 28, 2016.

Tripadvisor Inc (TRIP) shares turned negative on Thursdays trading session with the shares closing down -5.9 points or -8.49% at a volume of 87,95,389. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $66.13. The peak price level was also seen at $66.13 while the days lowest was $62.69. Finally the shares closed at $63.59. The 52-week high of the shares is $87.5 while the 52-week low is $53.48. According to the latest information available, the market cap of the company is $9,265 M.

Tripadvisor Inc(TRIP) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $352.00M. Analysts had an estimated revenue of $371.78M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.46.

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 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.

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