Tripadvisor, Inc. (NASDAQ:TRIP) Given Average Recommendation of “Hold” by Analysts

Tripadvisor, Inc. (NASDAQ:TRIP) has been given a consensus recommendation of “Hold” by the sixteen analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $18.33.

A number of research analysts have weighed in on TRIP shares. UBS Group dropped their target price on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Cantor Fitzgerald reiterated an “underweight” rating and issued a $12.00 target price on shares of Tripadvisor in a research note on Monday. DA Davidson dropped their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. JPMorgan Chase & Co. dropped their price target on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group dropped their price target on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

Hedge Funds Weigh In On Tripadvisor

Institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp increased its holdings in shares of Tripadvisor by 104.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after buying an additional 846 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Tripadvisor by 14,244.4% in the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after buying an additional 2,564 shares during the last quarter. Gladius Capital Management LP bought a new position in shares of Tripadvisor in the 2nd quarter worth $79,000. Future Financial Wealth Managment LLC bought a new position in shares of Tripadvisor in the 1st quarter worth $83,000. Finally, SYSTM Wealth Solutions LLC increased its holdings in shares of Tripadvisor by 10.5% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock worth $126,000 after buying an additional 432 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Stock Down 2.8 %

Tripadvisor stock opened at $14.09 on Friday. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The stock has a market cap of $1.95 billion, a PE ratio of 93.94, a price-to-earnings-growth ratio of 2.22 and a beta of 1.39. The firm’s 50-day simple moving average is $14.72 and its 200 day simple moving average is $19.16. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 earnings per share. Research analysts predict that Tripadvisor will post 0.37 EPS for the current fiscal year.

Tripadvisor Company Profile

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.