Tripadvisor, Inc. (NASDAQ:TRIP) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have earned a consensus rating of “Hold” from the sixteen brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $18.33.

A number of equities research analysts have recently issued reports on TRIP shares. 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 report on Wednesday, August 7th. DA Davidson reduced their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. BMO Capital Markets lowered their price target on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. UBS Group reduced their target price on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, TD Cowen dropped their target price on shares of Tripadvisor from $25.00 to $15.00 and set a “hold” rating for the company in a report on Thursday, August 22nd.

Institutional Investors Weigh In On Tripadvisor

Several institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp raised its holdings in shares of Tripadvisor by 104.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after purchasing an additional 846 shares in the last quarter. Quest Partners LLC increased its position in Tripadvisor by 14,244.4% during the second 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. Future Financial Wealth Managment LLC acquired a new position in Tripadvisor during the first quarter valued at approximately $83,000. Gladius Capital Management LP bought a new position in shares of Tripadvisor in the second quarter worth about $79,000. Finally, Councilmark Asset Management LLC bought a new position in Tripadvisor during the first quarter worth $224,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Trading Down 1.6 %

Shares of TRIP opened at $15.26 on Tuesday. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The stock has a market cap of $2.12 billion, a PE ratio of 101.73, a price-to-earnings-growth ratio of 2.33 and a beta of 1.39. The firm’s fifty day moving average is $14.28 and its two-hundred day moving average is $17.95. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The firm had revenue of $497.00 million for the quarter, compared to analyst estimates of $504.76 million. During the same period in the previous year, the business posted $0.21 earnings per share. Tripadvisor’s quarterly revenue was up .6% on a year-over-year basis. Research analysts forecast that Tripadvisor will post 0.37 earnings per share for the current fiscal 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.