Tripadvisor (NASDAQ:TRIP – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
Several other equities research analysts have also recently issued reports on TRIP. UBS Group reduced their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th. Truist Financial lowered their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. B. Riley boosted their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Wedbush reiterated a “neutral” rating and set a $17.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Tripadvisor currently has an average rating of “Hold” and an average target price of $17.50.
View Our Latest Report on TRIP
Tripadvisor Price Performance
Tripadvisor (NASDAQ:TRIP – Get Free Report) last posted 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 business had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS. As a group, analysts forecast that Tripadvisor will post 0.37 EPS for the current fiscal year.
Institutional Investors Weigh In On Tripadvisor
A number of large investors have recently made changes to their positions in the stock. True Wealth Design LLC acquired a new position in shares of Tripadvisor in the third quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in Tripadvisor in the third quarter valued at approximately $28,000. Quest Partners LLC increased its holdings in 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 period. Future Financial Wealth Managment LLC purchased a new position in Tripadvisor during the 3rd quarter worth approximately $43,000. Finally, KBC Group NV lifted its stake in Tripadvisor by 65.3% during 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 during the period. 98.99% of the stock is 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.
Further Reading
- Five stocks we like better than Tripadvisor
- How to Most Effectively Use the MarketBeat Earnings Screener
- 3 Stocks Helping to Bring AI to Healthcare
- 3 Ways To Invest In Coffee, Other Than Drinking It
- 3 Stocks Ringing in The New Year With Large Buyback Announcements
- Why Are Stock Sectors Important to Successful Investing?
- Why 2024 Was Great for Stocks—and Why 2025 Could Be Even Better
Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.