S&P 500
3,380.35+46.66(+1.40%)Nasdaq
11,012.24+229.42(+2.13%)Russell 2000
1,583.25+8.15(+0.52%)
TripAdvisor, Inc. (TRIP)
23.00 -0.01 (-0.04%)
After hours: 5:25PM EDT
Chart Events
Performance Outlook
| Previous Close | 22.13 |
| Open | 22.28 |
| Bid | 23.01 x 4000 |
| Ask | 23.02 x 2900 |
| Day's Range | 21.82 - 23.08 |
| 52 Week Range | 13.73 - 42.96 |
| Volume | 4,063,602 |
| Avg. Volume | 3,994,976 |
| Market Cap | 3.093B |
| Beta (5Y Monthly) | 1.33 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.76 |
| Earnings Date | Nov 04, 2020 - Nov 09, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Nov 19, 2019 |
| 1y Target Est | 21.59 |
- Bloomberg
Airbnb Is Close to Filing to Go Public After Travel Rebound
(Bloomberg) -- Airbnb Inc. plans to file paperwork for a stock market listing in the next few weeks paving the way for its shares to start trading as soon as the fourth quarter, according to people familiar with the matter.The San Francisco-based company is preparing to submit documents confidentially with the U.S. Securities and Exchange Commission for an initial public offering, said the people, who asked to not be identified discussing private information. The long-awaited move would represent a swift comeback for the home-sharing startup after the coronavirus pandemic sent the travel industry into a tailspin.The Wall Street Journal reported earlier that Airbnb was planning to file paperwork later this month. Airbnb declined to comment on the matter. The company’s plans could change as new outbreaks of the disease continue to flare in the U.S., the people said.Airbnb is working with Morgan Stanley and Goldman Sachs Group Inc. on its IPO, according to a person familiar with the matter. Morgan Stanley and Goldman Sachs declined to comment.Chief Executive Officer Brian Chesky had originally wanted to take the initial steps toward a listing in March, but his plans were nixed by Covid-19. By April, Chesky was facing $1 billion in cancellations, he said in an interview with Bloomberg TV in June. Travel bans and lock-downs caused planned bookings to tumble about 90% and Airbnb cut 25% of its workforce in a bid to survive. Other travel sites, like TripAdvisor Inc. and Booking Holding’s Inc., also hit crisis mode and had to eliminate thousands of jobs.But by May, Airbnb was already seeing a rebound. The number of nights booked at U.S. listings between May 17 and June 3 was greater than during the same period the previous year, as city dwellers took advantage of work-from-home policies and escaped apartments for nearby vacation rentals. As of June 17, Airbnb’s bookings had increased 20% year over year in the U.S., according to data from market research firm AirDNA.Prior to the pandemic, Airbnb had been leaning toward a non-traditional route to the public markets. The company was planning to follow in the footsteps of Spotify Technology SA and list directly, forgoing raising new money by selling shares and allowing its investors to put their shares on the market without waiting for a lock-up period. But the turmoil caused by the pandemic forced Airbnb to raise $2 billion in debt and equity securities in April to shore up its finances, reducing its valuation to $18 billion from $31 billion. As a result, the company decided to go the traditional IPO route to raise cash for the business, the people said.For 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.
- SmarterAnalyst
RBC Raises TripAdvisor’s PT On Improving Demand Outlook
RBC Capital increased the price target on TripAdvisor’s stock to $24 (13.4% upside potential) from $19 and reiterated a Hold rating amid expectations of improving demand post 2Q results.RBC Capital analyst Shweta Khajuria wrote in a note on Monday that TripAdvisor’s (TRIP) “Q2 results were better than feared amid gradual improvement in demand and material cost savings.” Looking ahead, she noted that, “The worst may be in the past for the company with July revenue decline having moderated, though the transition around the major user interface changes announced in 2013 is taking longer than anticipated.”On August 6, TripAdvisor reported better-than-expected top-line results for 2Q as revenues of $59 million beat analysts’ expectations of $51.8 million. The company’s monthly unique users also depicted improving demand trends. In April, May, and June, monthly unique users at the online travel research company’s website were 33%, 45%, and 60%, respectively, of the year-ago quarter’s level.Overall, TRIP has a Hold analyst consensus. The average price target of $22.42 implies upside potential of 5.9%. (See TRIP stock analysis on TipRanks).Related News: UBS Lifts United Parcel’s PT On ‘Favorable’ Pricing Environment FedEx Gains 5% As Bernstein Raises Stock To Buy Stephens Puts Trade Desk On Hold After 2Q Revenue More recent articles from Smarter Analyst: * Occidental Petroleum Posts $8.4 Billion Loss in 2Q Amid Oil Price Crisis * Royal Caribbean Rises In Pre-Market On Higher Demand For 2021 Cruises * Pfenex Pops 59% On Ligand $513M Buy-Out Deal; Analyst Sees 93% Upside * American Airlines Shares Lifted By Air Travel Demand Data
- Benzinga
Price Over Earnings Overview: TripAdvisor
Right now, TripAdvisor Inc. (NASDAQ: TRIP) share price is at $20.55, after a 4.73% decrease. Over the past month, the stock increased by 4.79%, but over the past year, it actually fell by 49.12%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.The stock is currently higher from its 52 week low by 49.73%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Travel Services stocks, and capitalize on the lower share price observed over the year.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.View more earnings on TRIPMost often, an industry will prevail in a particular phase of a business cycle, than other industries.TripAdvisor Inc. has a better P/E ratio of 36.56 than the aggregate P/E ratio of 6.35 of the Travel Services industry. Ideally, one might believe that TripAdvisor Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued.There are many limitations to price to earnings ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * Price Over Earnings Overview: TripAdvisor * Benzinga's Top Upgrades, Downgrades For June 11, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
