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

Tripadvisor (NASDAQ:TRIP) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Other analysts have also issued reports about the company. Citigroup lowered their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. UBS Group lowered their price objective on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. 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. Cantor Fitzgerald reduced their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. Finally, Wedbush restated a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.50.

Tripadvisor Price Performance

TRIP opened at $14.20 on Thursday. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The firm has a 50-day moving average of $14.47 and a 200 day moving average of $15.15. 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 firm has a market cap of $1.98 billion, a P/E ratio of 61.74, a PEG ratio of 9.35 and a beta of 1.33.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $527.86 million. During the same quarter last year, the business posted $0.35 EPS. Tripadvisor’s quarterly revenue was down .2% compared to the same quarter last year. On average, research analysts expect that Tripadvisor will post 0.37 EPS for the current year.

Hedge Funds Weigh In On Tripadvisor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KBC Group NV raised its holdings 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 acquiring an additional 1,777 shares in the last quarter. True Wealth Design LLC purchased a new stake in Tripadvisor in the third quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new stake in Tripadvisor during the third quarter valued at approximately $28,000. GAMMA Investing LLC grew its stake in Tripadvisor by 204.7% in the 4th 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. Finally, Quest Partners LLC increased its holdings in shares of Tripadvisor by 14,244.4% in the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after buying an additional 2,564 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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.