Credit Suisse Downgrades TripAdvisor Inc to Sell

By Carrie Williams

In a report released today, Paul Bieber from Credit Suisse downgraded TripAdvisor Inc (NASDAQ: TRIP) to Sell. The company’s shares closed last Friday at $37.91, close to its 52-week low of $36.85.

According to TipRanks.com, Bieber is ranked 0 out of 5 stars with an average return of -7.6% and a 41.4% success rate. Bieber covers the Services sector, focusing on stocks such as Pricelinecom, Groupon Inc, and RetailMeNot.

TripAdvisor Inc has an analyst consensus of Hold, with a price target consensus of $48.17.

Based on TripAdvisor Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $372 million and quarterly net profit of $13 million. In comparison, last year the company earned revenue of $352 million and had a net profit of $27 million.

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TripAdvisor, Inc. owns and operates a portfolio of online travel brands. The company operates its business through two segments: Hotel and Other. The Hotel segment includes revenue generated from services related to hotels, including click-based and display-based advertising revenue from making hotel room nights, airline reservations, and cruise reservations available for price comparison and booking, as well as subscription-based products such as Business Listings, transaction-based products such as Jetsetter and Tingo, and other revenue related to hotels. The Other segment consists of the aggregation of three operating segments, which include its attractions, restaurants and vacation Rentals businesses. TripAdvisor was founded by Langley Steinert & Stephen Kaufer in July 2011 and is headquartered in Needham, MA.