2017 EBITDA estimate (implied 10x 2018E EBITDA). This is in line with its historical trading range and supported by our detailed sum of the parts analysis. Upside risks are: a stronger than anticipated recovery in Las Vegas, improving consu...
TripAdvisor
Named in 17 passages across 7 documents.
Mentions of TripAdvisor in the public Epstein records, with citations.
Being named in these documents is not an accusation or evidence of wrongdoing. This page reflects only what the public records literally contain, with citations to the original sources.
Where TripAdvisor appears
17 total
iness jet product portfolio and growth outlook in defense could provide near-term and medium-term organic growth. Additionally, the company's strong balance sheet and solid cash generation could sustain dividend growth and share repurchases...
…017 EBITDA margin will decline further from 2016 levels as ad spend ticks up to reaccelerate growth. Table 1: TripAdvisor key stock data Industry Online Travel Market Cap (mn) $9,071 Price $46.95 P/E (2017) 32.5x % of sell-side rated Buy 14...
…ersified, business-to-business Industrial, Automotive, Communications Infrastructure, and Enterprise markets. TripAdvisor (TRIP) Nat Schindler +1 415 676 3574 Research Analyst, MLPF&S Underperform, PO $41 1Q investment thesis Despite easier...
onflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Refer to important disclosures on page 27 to 30. Analyst Certification...
…7 EBITDA margin will decline further from 2016 levels as ad spend ticks up to re- accelerate growth. Table 1: TripAdvisor key stock data Industry Online Travel Market Cap (mn) $9,071 Price $46.95 P/E (2017) 32.5x % of sell-side rated Buy 14...
see the most uplift in spending from any potentially large fiscal stimulus and
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…backs with lower US tax rates. Catalysts: 4Q’16 Earnings (early February) will feature initial 2017 guidance. TripAdvisor noted on the 3Q’16 earnings call that 2017 EBITDA margin will decline further from 2016 levels as ad spend ticks up to...
Tax Policy: TRIP has a ~25% tax rate. Trump’s tax plan calls for a reduction in the
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…vek B-1-7 BUY 74.15 82.00 73,899.00 Consolidated Edison ED Chin,Brian A3-7 UNDERPERFORM 74.07 59.00 20,526.00 TripAdvisor TRIP — Schindler,Nat C-3-9 UNDERPERFORM 46.95 41.00 9,071.00 Source: BofA Merrill Lynch Global Research BofA Merrill L...
Unauthorized redistribution of this report is prohibited. This report is intended for amanda.ens@bam
IMAGES-003-HOUSE_OVERSIGHT_014622.txt
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…sorts, Norfolk Southern, SVB Financial, and Texas Instruments. Our Underperforms are Consolidated Edison, and TripAdvisor. How the list will be maintained and updated We will publish this list at the beginning of each quarter. Ideas will ge...
Unauthorized redistribution of this report is prohibited. This report is intended for amanda.ens@bam
IMAGES-003-HOUSE_OVERSIGHT_014622.txt
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…pressure on usage due to competing services, and 3) performance into the first lock-up expiration on 7/29/17. TripAdvisor (TRIP) Our price objective of $40 is based on 25x our 2018 non-GAAP EPS estimate. This multiple represents a modest pr...
… 3) hotels favoring their own distribution channels, 4) FX volatility, 5) increased competition from Expedia, TripAdvisor and potentially Google, and 6) the impact of terrorism/disease on global travel trends. The stock has been subject to...
…etflix nflx 143.62 ONDK ONDK 4.62 Pandora P 11.82 priceline.com PCLN 1761.77 Quotient QUOT 9.4 Snap SNAP 20.7 TripAdvisor TRIP 41.76 Trivago TRVG 12.81 Twitter TWTR 14.53 Wayfair W 40.21 Yahoo! YHOO 46.38 Yelp YELP 33.22 Zillow A ZG 33.49 Z...
…bruary, average monthly unique visitors of 31mn on PC and 56mn on mobile, up 24% and up 3% y/y, respectively. TripAdvisor total minutes in 1Q through February is up 10%, with mobile minutes up 5% and PC minutes up 17%. In our view, TripAdvi...
ll more downside to estimates (see Taking a look at TripAdvisor’s potential brand ad spend). The company is encouraged by Revenue per Hotel Shopper growth continuing to improve from down 21% y/y in 1Q. We expect growth continues its improve...
…model warrants a premium valuation multiple to the social media group. 36 Internet/e-Commerce | 06 April 2017 TripAdvisor (Underperform, $40 PO) Stock view: EBITDA under pressure, brand ad spend not in Street estimates yet 2016 was a re-pla...
implying poor marketing ROI. The biggest issue facing TripAdvisor is if it
…0 days, the worst expected FY17 revenue growth and the second largest change in short interest in the period. TripAdvisor, had the second lowest sentiment with the third worst sell side ranking and fifth worst sell side EPS estimate revisio...
Highest sentiment: FB, WIX, and TREE; Lowest: FIT, TRIP, and TWTR
IMAGES-003-HOUSE_OVERSIGHT_014895.txt
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