Tripadvisor Inc (NASDAQ:TRIP)‘s stock had its “buy” rating reaffirmed by investment analysts at Piper Jaffray in a research note issued on Tuesday, MarketBeat.Com reports.

Several other research analysts also recently issued reports on TRIP. Deutsche Bank reissued a “buy” rating and set a $88.00 price objective (down from $91.00) on shares of Tripadvisor in a research report on Friday, November 6th. Sterne Agee CRT lowered their price objective on shares of Tripadvisor from $83.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 6th. Vetr downgraded shares of Tripadvisor from a “strong-buy” rating to a “sell” rating and set a $73.52 price objective on the stock. in a research report on Wednesday, October 28th. Macquarie lowered their price objective on shares of Tripadvisor from $84.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, November 6th. Finally, Jefferies Group lowered their price objective on shares of Tripadvisor from $84.00 to $80.00 and set a “hold” rating on the stock in a research report on Friday, November 6th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $84.77.

Other large investors have recently modified their holdings of the company. MUFG Americas increased its stake in shares of Tripadvisor by 24.9% in the third quarter. MUFG Americas now owns 251 shares of the travel company’s stock worth $16,000 after buying an additional 50 shares during the period. Creative Planning increased its stake in Tripadvisor by 54.6% in the fourth quarter. Creative Planning now owns 3,213 shares of the travel company’s stock worth $274,000 after buying an additional 1,135 shares during the last quarter. ING Groep bought a new stake in Tripadvisor during the third quarter worth about $307,000. DekaBank Deutsche Girozentrale increased its stake in Tripadvisor by 28.7% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 4,533 shares of the travel company’s stock worth $392,000 after buying an additional 1,011 shares during the last quarter. Finally, Reynolds Capital Management increased its stake in Tripadvisor by 16.7% in the fourth quarter. Reynolds Capital Management now owns 5,600 shares of the travel company’s stock worth $477,000 after buying an additional 800 shares during the last quarter.

Tripadvisor (NASDAQ:TRIP) traded down 3.09% during mid-day trading on Tuesday, hitting $67.54. 3,157,539 shares of the stock were exchanged. Tripadvisor has a one year low of $62.24 and a one year high of $94.00. The company has a 50-day moving average price of $79.65 and a 200-day moving average price of $77.29. The company has a market cap of $9.74 billion and a P/E ratio of 42.48.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, November 5th. The travel company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.02. During the same quarter last year, the business earned $0.48 earnings per share. The company had revenue of $415 million for the quarter, compared to analysts’ expectations of $430.23 million. Tripadvisor’s revenue was up 17.2% on a year-over-year basis. Analysts forecast that Tripadvisor will post $1.97 earnings per share for the current fiscal year.

In other news, insider Dermot Halpin sold 21,395 shares of Tripadvisor stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $80.47, for a total transaction of $1,721,655.65. Following the completion of the sale, the insider now directly owns 900 shares in the company, valued at $72,423. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Barrie Seidenberg sold 19,902 shares of Tripadvisor stock in a transaction dated Thursday, December 10th. The stock was sold at an average price of $83.03, for a total transaction of $1,652,463.06. Following the sale, the chief executive officer now owns 1,324 shares of the company’s stock, valued at $109,931.72. The disclosure for this sale can be found here.

TripAdvisor, Inc. (NASDAQ:TRIP) 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 147,000 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.

12 Month Chart for NASDAQ:TRIP

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