Tripadvisor (NASDAQ:TRIP) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Tripadvisor (NASDAQ:TRIP) from a buy rating to a hold rating in a research report report published on Friday morning.

Several other research analysts have also recently commented on the stock. BMO Capital Markets reduced their target price on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. UBS Group reduced their target price on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. B. Riley increased their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. DA Davidson cut their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, Truist Financial cut their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.33.

Tripadvisor Stock Down 4.5 %

Tripadvisor stock opened at $14.80 on Friday. The stock has a market capitalization of $2.05 billion, a PE ratio of 64.35, a price-to-earnings-growth ratio of 10.19 and a beta of 1.37. Tripadvisor has a twelve month low of $12.93 and a twelve month high of $28.76. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average of $14.78 and a 200-day moving average of $16.78.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $527.86 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that Tripadvisor will post 0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

A number of hedge funds have recently bought and sold shares of the business. Landscape Capital Management L.L.C. acquired a new stake in shares of Tripadvisor in the 3rd quarter valued at approximately $2,788,000. Royce & Associates LP boosted its stake in shares of Tripadvisor by 75.7% in the 3rd quarter. Royce & Associates LP now owns 57,090 shares of the travel company’s stock valued at $827,000 after purchasing an additional 24,591 shares in the last quarter. KBC Group NV boosted its stake in shares of Tripadvisor by 65.3% in the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after purchasing an additional 1,777 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Tripadvisor by 544.8% in the 3rd quarter. GSA Capital Partners LLP now owns 111,044 shares of the travel company’s stock valued at $1,609,000 after purchasing an additional 93,822 shares in the last quarter. Finally, River Global Investors LLP boosted its stake in shares of Tripadvisor by 5.0% in the 3rd quarter. River Global Investors LLP now owns 72,808 shares of the travel company’s stock valued at $1,055,000 after purchasing an additional 3,500 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

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.