Tripadvisor (NASDAQ:TRIP) Shares Gap Down on Analyst Downgrade

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) gapped down before the market opened on Thursday after UBS Group lowered their price target on the stock from $18.00 to $17.00. The stock had previously closed at $17.41, but opened at $16.21. UBS Group currently has a neutral rating on the stock. Tripadvisor shares last traded at $16.15, with a volume of 709,255 shares.

Other research analysts have also issued research reports about the stock. TD Cowen cut their price target on shares of Tripadvisor from $25.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, August 22nd. BMO Capital Markets reduced their target price on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. The Goldman Sachs Group lowered their price objective on Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. BTIG Research dropped their price target on Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Cantor Fitzgerald cut their target price on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.20.

Institutional Trading of Tripadvisor

A number of hedge funds have recently bought and sold shares of TRIP. Boston Partners purchased a new position in shares of Tripadvisor in the 1st quarter worth about $131,887,000. Pacer Advisors Inc. purchased a new position in Tripadvisor in the second quarter valued at approximately $33,731,000. Jupiter Asset Management Ltd. increased its position in Tripadvisor by 1,150.2% in the second quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock worth $30,001,000 after buying an additional 1,549,761 shares during the last quarter. River Road Asset Management LLC raised its stake in shares of Tripadvisor by 33.3% in the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after buying an additional 917,689 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Tripadvisor by 53.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock valued at $41,364,000 after buying an additional 822,712 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Price Performance

The firm has a 50 day moving average price of $14.74 and a two-hundred day moving average price of $17.07. The company has a market cap of $2.19 billion, a P/E ratio of 107.47, a P/E/G ratio of 10.75 and a beta of 1.37. 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 issued its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. On average, analysts predict that Tripadvisor, Inc. will post 0.38 EPS for the current fiscal year.

About Tripadvisor

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.