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

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) gapped down before the market opened on Thursday after StockNews.com downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $17.41, but opened at $16.21. Tripadvisor shares last traded at $16.15, with a volume of 709,255 shares traded.

TRIP has been the subject of a number of other research reports. B. Riley lifted their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday. DA Davidson decreased their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, August 12th. TD Cowen lifted their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday. 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 report on Wednesday, September 4th. Finally, The Goldman Sachs Group decreased their price objective on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.33.

Institutional Investors Weigh In On Tripadvisor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new stake in shares of Tripadvisor during the third quarter valued at about $28,000. Fifth Third Bancorp raised its stake in shares of Tripadvisor by 104.1% during the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after purchasing an additional 846 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Tripadvisor during the third quarter valued at about $43,000. Quest Partners LLC raised its stake in shares of Tripadvisor by 14,244.4% during the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after purchasing an additional 2,564 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Tripadvisor by 65.3% during the third 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. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Trading Up 0.2 %

The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $14.77 and its two-hundred day moving average is $16.99. The firm has a market capitalization of $2.15 billion, a P/E ratio of 67.35, a PEG ratio of 11.45 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Tripadvisor had a net margin of 1.98% and a return on equity of 10.65%. The firm had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $504.76 million. During the same period in the previous year, the business earned $0.21 earnings per share. Tripadvisor’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts expect that Tripadvisor, Inc. will post 0.38 EPS for the current 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.