|Bid||28.50 x 900|
|Ask||0.00 x 1200|
|Day's Range||28.56 - 29.32|
|52 Week Range||27.66 - 60.90|
|Beta (5Y Monthly)||1.32|
|PE Ratio (TTM)||34.41|
|Earnings Date||Feb 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Nov 18, 2019|
|1y Target Est||35.83|
A strong dollar has its pros and cons, but being on par with currency in Europe and well ahead here in the Western Hemisphere comes in handy.
Fresh off the news announcing 200 layoffs around the world, Tripadvisor informed employees on Thursday about a wide-ranging reorganization. The company will reverse its long-standing playbook and emphasize Viator as a separate tours and activities brand. In an employee letter obtained by Skift from a source close to the company, and sent after market close […]
(Bloomberg) -- TripAdvisor Inc. Chief Executive Officer Stephen Kaufer will brief employees about plans to return the online travel company “to sustained, long-term growth” after the market closes Thursday, according to a memo to staff.The memo, sent by the company’s head of human resources, Beth Grous, also confirmed that there will be job cuts, as reported by Bloomberg on Wednesday. “These actions are never easy, especially when they impact people we know and care about,” Grous said in the memo obtained by Bloomberg. The company is eliminating about 200 employees, or about 5% of total staff, according to people familiar with the move.TripAdvisor’s struggles come as Alphabet Inc.’s Google has launched new, competing travel search tools, while adding its own reviews of hotels, restaurants and other destinations. Google has also crammed the top of its mobile search results with more ads. This has forced many companies, including TripAdvisor, to buy more ads from the search giant to keep online traffic flowing.In early November, TripAdvisor shares plunged more than 20% in one day after the company reported dismal third-quarter results. It said the main challenge was “Google pushing its own hotel products in search results and siphoning off quality traffic that would otherwise find TripAdvisor via free links and generate high margin revenue in our hotel click-based auction.” The shares are down about 46% over the past 12 months.Kaufer acknowledged on the earnings call that “Google has got more aggressive.” “We’re not predicting that it’s going to turn around.”While Kaufer won’t discuss the plans until after market close, and the company declined to comment, people familiar with the plans said the company is preparing for a minor re-branding that could debut as early as next week. The makeover will include a new logo and a stylistic change to the corporate name, shifting from TripAdvisor to “Tripadvisor” with a lowercase “a.” TripAdvisor is also preparing revamped versions of its iOS and Android apps for later this year, the people said.Needham, Massachusetts-based TripAdvisor also plans to increase advertisements and sponsored content on its platform to boost revenues.To contact the reporters on this story: Mark Gurman in Los Angeles at firstname.lastname@example.org;Olivia Carville in New York at email@example.comTo contact the editors responsible for this story: Tom Giles at firstname.lastname@example.org, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Needham-based TripAdvisor Inc. is laying off "hundreds of people," according to multiple reports that the company is not disputing.
TripAdvisor shares recovered from a deeper swoon Thursday but were still trading in the red on a report that the travel site was laying off 200 employees amid increased competition from Google . A round of layoffs that large would represent nearly 5% of TripAdvisor's total workforce of just more than 3,800 as of the end of September, according to Bloomberg. Google has upgraded its travel search tools in recent years to compete with trip booking websites like TripAdvisor and Priceline.
Tripadvisor will be laying off about 200 workers, and Skift has learned that its Experiences business could be one of the targets of the company's cost-cutting. Bloomberg first reported on Wednesday night the pending layoffs, saying that about 200 jobs would be eliminated, according to its sources. That would represent about 5 percent of Tripadvisor's […]
(Bloomberg) -- TripAdvisor Inc. is cutting hundreds of jobs, according to people familiar with the situation, underscoring the company’s need to reduce costs as competition from Google intensifies.The online travel information provider is eliminating about 200 workers, said the people, who asked not to be identified discussing private decisions. The company had just over 3,800 staff at the end of September, according to data compiled by Bloomberg. A TripAdvisor spokesman declined to comment, but pointed to a recent earnings conference call in which the company said it was “prudently reducing and re-allocating expenses in certain parts of our business to preserve strong profitability.”Alphabet Inc.’s Google has launched new travel search tools that compete with TripAdvisor, while adding its own reviews of hotels, restaurants and other destinations. Google has also crammed the top of its mobile search results with more ads. This has forced many companies, including TripAdvisor, to buy more ads from the search giant to keep online traffic flowing.Google’s Search Ad Embrace Crushes Online Travel AgentsIn early November, TripAdvisor shares slumped more than 20% in one day after the company reported dismal third-quarter results. It said the main challenge was “Google pushing its own hotel products in search results and siphoning off quality traffic that would otherwise find TripAdvisor via free links and generate high margin revenue in our hotel click-based auction.”“Google has got more aggressive,” TripAdvisor Chief Executive Officer Stephen Kaufer said at the time. “We’re not predicting that it’s going to turn around.”To contact the reporters on this story: Mark Gurman in Los Angeles at email@example.com;Olivia Carville in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Tom Giles at email@example.com, Alistair Barr, Jillian WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The coronavirus disease broke in a crucial time as the Chinese Lunar New Year holiday will start from Jan 24 with hundreds of millions of people expected to travel to and from China.
Fears of a potential coronavirus pandemic has weighed heavily on shares of companies in a wide variety of sectors, particularly those with revenue exposure to travel into and out of China.
As many as seven million people annually visit the Colosseum in Rome, an average of about 19,200 a day. This list is based on TripAdvisor's most-booked attractions in the world in 2019. Many of the popular tours booked at these places are "skip-the-line" tours or "after-hours" tours, evidence of the overwhelming crowds.
The best days for TripAdvisor (NASDAQ:TRIP) have come and gone. So says its price chart which confirms the once high-flying travel services company has been dragged deep into the bears' den with few chances for escape. TRIP stock is flirting with 52-week lows, and unless something changes quick, all-time lows are on the horizon.Source: Sorbis / Shutterstock.com On that note, I will examine TRIP's stock chart from all angles to identify the trends and price levels that should define your bias moving forward. Weekly Time FrameRight out of the gate, TripAdvisor found itself a bullish following. In the 18 months following its late-2011 IPO, its shares rose five-fold. Earnings growth looked promising, and optimistic investors were willing to pay up for a piece of the action. Unfortunately, disappointment set in after a spate of quarterly reports failed to justify the lofty share price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSource: The thinkorswim® platform from TD Ameritrade Fast forward to 2020, and after a thorough dismantling of all that was gained, TRIP stock has come within a few bucks of where it began. It's been a volatile ride with dreams dashed and bulls bashed, and the worst part of the demise is that it occurred during an epic bull market. I'm not even going to run the numbers on how poorly TRIP has fared versus the S&P 500. Trust me -- it's terrible.So what now? * 7 Small-Cap Stocks That Are Not Worth a Second Glance The short answer is to steer clear. The weekly trend gives no reason for buyers to get involved. It's trending lower beneath all major moving averages with an uninterrupted series of lower lows and lower highs. We've seen multiple bounce attempts over the past year, but every time a spark of hope forms, underwhelming earnings reports arrive to snuff it out.Turning to support and resistance levels reveals the next ceiling looms near $33, while a floor sits at $27. TRIP stock has risen for eight weeks in a row, but all it's done is create a potential bear retracement pattern, or a lower-risk entry to launch short trades from. I wouldn't entertain any bullish ideas unless we see resistance fail and a bona fide reversal form. Perhaps the next earnings report will be the catalyst. Color me skeptical. TRIP Stock's Daily Time FrameWe can view the gory details of TripAdvisor's decline in greater clarity on the daily time frame. Though we've seen multiple attempts to climb back above the 50-day moving average, each has proven feeble and fleeting. Spectators hoping that this week's rise above the 50-day will prove different should hold their optimism in check. We've seen this movie before, and it always ends in tears.Source: The thinkorswim® platform from TD Ameritrade Until we see a positive response to earnings -- some kind of upside surprise to shock bears and spark an uptrend -- I see no reason to bottom fish here. Mark your calendar for Feb. 13. That's the date of the next report and will be the critical driver for TRIP's direction over the next three months.The best trade here is no trade.As of this writing, Tyler Craig didn't hold positions in any of the aforementioned securities. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post Fly Far Away From Seller-Dominated TripAdvisor Stock appeared first on InvestorPlace.
From Tokyo to ‘transformational’ travel, here are some of the hottest tips for budget-conscious jet-setters for the New Year.
Alphabet's (GOOGL) Google is aggressively trying to bolster presence in the online travel space, which does not bode well for companies like TripAdvisor, Expedia and Booking Holdings.
Alphabet's (GOOGL) Google is likely to gain competitive edge against tradition online travel agents on strengthening travel site initiatives.
TripAdvisor, Inc. (NASDAQ: TRIP) announced today that it will audiocast a conference call on Thursday, February 13, 2020 at 8:30 a.m. Eastern Standard Time to answer questions regarding its fourth quarter and full-year financial results and management's published remarks. After the close of market trading on Wednesday, February 12, 2020, TripAdvisor will issue a press release reporting results and will simultaneously publish management's prepared remarks, which may include certain forward-looking information, at http://ir.tripadvisor.com/events-and-presentations.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
A New Jersey woman has sued TripAdvisor and its Viator brand over injuries she allegedly sustained on a camel ride tour in Morocco that she booked through Viator. The suit, filed earlier this week and first reported by the Boston Globe, raises questions about whether TripAdvisor can be held liable for damages related to activities […]
Johnson Outdoors, TripAdvisor, Heico, ST Microelectronics and Barclays highlighted as Zacks Bull and Bear of the Day
There’s an old adage — and some data to support it — that U.S. presidential election years put a damper on leisure travel sales. With 2020 promising to be an especially bumpy ride through political division and uncertainty, could that hold true for the year ahead? To get some perspective, Skift spoke to a variety […]
TripAdvisor (TRIP) is likely to perform sluggishly in 2020 thanks to rising competitive pressure and ongoing challenges in Hotels, Media & Platform segment.