Tripadvisor (NASDAQ:TRIP) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Tripadvisor (NASDAQ:TRIP) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

TRIP has been the topic of a number of other reports. Truist Financial decreased their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Citigroup lowered 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 Tuesday, September 24th. UBS Group cut their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Wedbush restated a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, B. Riley lifted their price objective on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.33.

Tripadvisor Stock Performance

Shares of TRIP opened at $14.41 on Tuesday. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The stock’s 50-day simple moving average is $14.62 and its 200 day simple moving average is $15.39. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 62.65, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36.

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, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Research analysts forecast that Tripadvisor will post 0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its stake in Tripadvisor by 167.6% in the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after acquiring an additional 3,173,817 shares in the last quarter. River Road Asset Management LLC boosted its holdings 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 purchasing an additional 917,689 shares during the period. State Street Corp boosted its holdings in shares of Tripadvisor by 1.0% in the third quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock valued at $50,102,000 after purchasing an additional 33,809 shares during the period. Dimensional Fund Advisors LP grew its stake in Tripadvisor by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock worth $48,686,000 after purchasing an additional 95,138 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Tripadvisor by 15.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock worth $37,186,000 after purchasing an additional 334,961 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

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.