Tripadvisor, Inc. (NASDAQ:TRIP) Receives Average Rating of “Reduce” from Brokerages

Tripadvisor, Inc. (NASDAQ:TRIP) has received an average recommendation of “Reduce” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $17.50.

A number of equities research analysts have recently weighed in on the stock. B. Riley lifted their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. TD Cowen increased their target price on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. UBS Group lowered their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald reduced their price target on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, November 7th.

Institutional Investors Weigh In On Tripadvisor

A number of institutional investors have recently made changes to their positions in the company. True Wealth Design LLC bought a new position in Tripadvisor in the 3rd quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new stake in shares of Tripadvisor in the 3rd quarter worth $28,000. Future Financial Wealth Managment LLC purchased a new position in shares of Tripadvisor in the third quarter worth $43,000. Quest Partners LLC lifted its holdings 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, GAMMA Investing LLC boosted its position in shares of Tripadvisor by 204.7% during the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after buying an additional 2,469 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Price Performance

Shares of TRIP stock opened at $14.99 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The firm has a market cap of $2.09 billion, a P/E ratio of 65.18, a P/E/G ratio of 9.35 and a beta of 1.33. The business’s 50 day moving average price is $14.53 and its 200-day moving average price is $15.21.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $532.00 million during the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. On average, equities research analysts anticipate that Tripadvisor will post 0.37 earnings per share 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.