Tripadvisor (NASDAQ:TRIP) Downgraded to Hold Rating by StockNews.com

by · The Markets Daily

Tripadvisor (NASDAQ:TRIP – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

A number of other research analysts also recently weighed in on TRIP. Citigroup cut their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. DA Davidson reaffirmed a “neutral” rating and issued a $16.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. TD Cowen increased their price objective on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Cantor Fitzgerald reduced their target price on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. Finally, B. Riley increased their price target on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.50.

Read Our Latest Stock Analysis on TRIP

Tripadvisor Trading Up 1.5 %

Tripadvisor stock opened at $14.99 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76. The company’s fifty day simple moving average is $14.54 and its 200-day simple moving average is $15.25. The stock has a market cap of $2.09 billion, a P/E ratio of 65.18, a P/E/G ratio of 9.35 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP – Get Free Report) last issued its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The business’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. As a group, sell-side analysts forecast that Tripadvisor will post 0.37 EPS for the current fiscal year.

Institutional Trading of Tripadvisor

Institutional investors and hedge funds have recently modified their holdings of the company. U S Global Investors Inc. boosted its stake in Tripadvisor by 71.8% during the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after buying an additional 632,353 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Tripadvisor by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock valued at $17,378,000 after acquiring an additional 55,115 shares during the period. Victory Capital Management Inc. raised its position in Tripadvisor by 214.8% in the second quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock worth $3,138,000 after purchasing an additional 120,209 shares in the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new position in Tripadvisor in the third quarter worth about $5,159,000. Finally, Wittenberg Investment Management Inc. bought a new position in Tripadvisor during the third quarter worth about $1,087,000. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Company Profile

(Get Free Report)

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.

Further Reading