StockNews.com Downgrades Tripadvisor (NASDAQ:TRIP) to Hold

StockNews.com lowered shares of Tripadvisor (NASDAQ:TRIP) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Several other research firms have also recently issued reports on TRIP. DA Davidson reiterated a “neutral” rating and set a $16.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. Truist Financial decreased their price objective 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. TD Cowen lifted their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Wedbush restated a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. Finally, Citigroup cut their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Tripadvisor currently has an average rating of “Hold” and an average target price of $17.50.

Tripadvisor Price Performance

Shares of NASDAQ TRIP opened at $14.99 on Wednesday. The firm has a market capitalization of $2.09 billion, a PE ratio of 65.18, a price-to-earnings-growth ratio of 9.35 and a beta of 1.33. The firm has a fifty day simple moving average of $14.53 and a two-hundred day simple moving average of $15.23. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $532.00 million during the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. During the same period last year, the business earned $0.35 EPS. Tripadvisor’s revenue was down .2% compared to the same quarter last year. Equities analysts expect that Tripadvisor will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in Tripadvisor by 204.7% during the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock worth $54,000 after buying an additional 2,469 shares in the last quarter. Confluence Investment Management LLC raised its holdings in Tripadvisor by 43.6% in the fourth quarter. Confluence Investment Management LLC now owns 233,858 shares of the travel company’s stock valued at $3,454,000 after buying an additional 70,960 shares during the period. Virtu Financial LLC acquired a new position in shares of Tripadvisor during the 3rd quarter valued at $201,000. Geode Capital Management LLC boosted its position in shares of Tripadvisor by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company’s stock worth $26,421,000 after buying an additional 18,059 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in Tripadvisor by 7.4% in the third quarter. Public Employees Retirement System of Ohio now owns 52,534 shares of the travel company’s stock valued at $761,000 after acquiring an additional 3,604 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.