TripAdvisor Inc. Receives a Hold from Jefferies

By Austin Angelo

Jefferies analyst Brian Fitzgerald reiterated a Hold rating on TripAdvisor Inc. (NASDAQ: TRIP) today and set a price target of $59. The company’s shares closed last Friday at $50.79, close to its 52-week low of $48.52.

According to, Fitzgerald is a 5-star analyst with an average return of 11.2% and a 61.3% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as Endurance International, Activision Blizzard, and IAC/InterActiveCorp.

Currently, the analyst consensus on TripAdvisor Inc. is Hold and the average price target is $58.38, representing a 14.9% upside.

In a report issued on November 9, Deutsche Bank also maintained a Hold rating on the stock with a $63 price target.

The company has a one year high of $87.50 and a one year low of $48.52. Currently, TripAdvisor Inc. has an average volume of 2.16M.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2016, Dermot Halpin, the President of TRIP sold 7,026 shares for a total of $465,201.

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.