Initiated Underweight X

TRIP TripAdvisor

Cantor Fitzgerald

$12

Downgrades Buy Neutral X

TRIP TripAdvisor

B. Riley Securities

$26 $19

Downgrades Buy Neutral X

TRIP TripAdvisor

DA Davidson

$31 $20

Upgrades Neutral Buy X

TRIP TripAdvisor

BTIG Research

$25

Upgrades Mkt Perform Outperform X

TRIP TripAdvisor

Bernstein

Resumed Underweight X

TRIP TripAdvisor

Barclays

$14

Initiated Neutral X

TRIP TripAdvisor

Wedbush

$17

Initiated Buy X

TRIP TripAdvisor

B. Riley Securities

$25

Downgrades Buy Hold X

TRIP TripAdvisor

Truist

$40 $21

Downgrades Outperform Mkt Perform X

TRIP TripAdvisor

Bernstein

$28 $26

Upgrades Underperform Buy X

TRIP TripAdvisor

BofA Securities

$19 $38

Downgrades Peer Perform Underperform X

TRIP TripAdvisor

Wolfe Research

$17

Downgrades Buy Neutral X

TRIP TripAdvisor

Citigroup

$39 $30

Resumed Underperform X

TRIP TripAdvisor

Jefferies

$25

Initiated Neutral X

TRIP TripAdvisor

UBS

$30

Downgrades Overweight Underweight X

TRIP TripAdvisor

Barclays

$48 $30

Resumed In-line X

TRIP TripAdvisor

Evercore ISI

$50

Initiated Peer Perform X

TRIP TripAdvisor

Wolfe Research

$51

Upgrades Neutral Buy X

TRIP TripAdvisor

Citigroup

$29 $62

Resumed Overweight X

TRIP TripAdvisor

Barclays

$25

Upgrades Neutral Buy X

TRIP TripAdvisor

DA Davidson

$55

Initiated Neutral X

TRIP TripAdvisor

Cleveland Research

Upgrades Hold Buy X

TRIP TripAdvisor

SunTrust

Upgrades Sell Neutral X

TRIP TripAdvisor

Guggenheim

Resumed Buy X

TRIP TripAdvisor

Needham

$63

Upgrades Hold Buy X

TRIP TripAdvisor

Deutsche Bank

$65

Downgrades Neutral Sell X

TRIP TripAdvisor

UBS

Reiterated Underperform X

TRIP TripAdvisor

BofA/Merrill

$38 $43

Upgrades Underperform Neutral X

TRIP TripAdvisor

Credit Suisse

Initiated In-line X

TRIP TripAdvisor

Evercore ISI

Upgrades Underperform Hold X

TRIP TripAdvisor

Needham

Reiterated Hold X

TRIP TripAdvisor

Stifel

$42 $48

Upgrades Eq Weight Overweight X

TRIP TripAdvisor

Barclays

$49 $70

Downgrades Neutral Sell X

TRIP TripAdvisor

Guggenheim

Upgrades Underperform Outperform X

TRIP TripAdvisor

Macquarie

Initiated Neutral X

TRIP TripAdvisor

Wedbush

$42

Reiterated Equal Weight X

TRIP TripAdvisor

Barclays

$35 $41

TRIP  TripAdvisor, Inc.

TripAdvisor, Inc. owns and operates a portfolio of online travel brands. TripAdvisor, the Company's brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company's Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations. The Non-Hotel segment includes Attractions, Restaurants and Vacation Rentals businesses. The Company's platform also enables users to compare real-time pricing and availability for these experiences, as well as to book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurants, on either a TripAdvisor site or application, or a travel partner site or application. As of December 31, 2016, the Company's TripAdvisor-branded Websites included tripadvisor.com in the United States and localized versions of the TripAdvisor Website in 48 markets and 28 languages around the world.