Tripadvisor (NASDAQ:TRIP) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of Tripadvisor (NASDAQ:TRIP) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Several other equities research analysts have also commented on TRIP. TD Cowen increased their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Citigroup reduced their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. B. Riley lifted their price target on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Wedbush reissued a “neutral” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald decreased their target price on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tripadvisor currently has a consensus rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Stock Up 0.7 %

TRIP stock opened at $13.77 on Friday. The stock’s 50 day moving average is $14.74 and its 200-day moving average is $15.62. Tripadvisor has a twelve month low of $12.93 and a twelve month high of $28.76. The firm has a market capitalization of $1.92 billion, a PE ratio of 59.87, a P/E/G ratio of 9.35 and a beta of 1.36. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. During the same period in the previous year, the firm earned $0.35 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Sell-side analysts expect that Tripadvisor will post 0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC purchased a new stake in shares of Tripadvisor during the 3rd quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new stake in Tripadvisor during the 3rd quarter valued at $28,000. Fifth Third Bancorp raised its holdings in Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after acquiring an additional 846 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Tripadvisor during the third quarter worth $43,000. Finally, Quest Partners LLC boosted its holdings in shares of Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after acquiring an additional 2,564 shares during the period. 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.