Tripadvisor (NASDAQ:TRIP) Shares Gap Down Following Analyst Downgrade

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) gapped down before the market opened on Thursday after UBS Group lowered their price target on the stock from $18.00 to $17.00. The stock had previously closed at $17.41, but opened at $16.21. UBS Group currently has a neutral rating on the stock. Tripadvisor shares last traded at $16.15, with a volume of 709,255 shares changing hands.

A number of other research firms also recently weighed in on TRIP. TD Cowen decreased their price target on shares of Tripadvisor from $25.00 to $15.00 and set a “hold” rating for the company in a research note on Thursday, August 22nd. Wedbush reissued a “neutral” rating and set a $21.00 price target on shares of Tripadvisor in a report on Wednesday, August 7th. B. Riley cut shares of Tripadvisor from a “buy” rating to a “neutral” rating and reduced their target price for the company from $26.00 to $19.00 in a report on Wednesday, August 7th. DA Davidson dropped their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.33.

Institutional Investors Weigh In On Tripadvisor

Hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new position in Tripadvisor during the 3rd quarter worth approximately $28,000. Fifth Third Bancorp grew its position in Tripadvisor by 104.1% during 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. Future Financial Wealth Managment LLC purchased a new position in shares of Tripadvisor during the 3rd quarter valued at $43,000. Quest Partners LLC increased its stake 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 last quarter. Finally, KBC Group NV increased its stake in shares of Tripadvisor by 65.3% in the third quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock worth $65,000 after acquiring an additional 1,777 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Price Performance

The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 103.07, a P/E/G ratio of 10.75 and a beta of 1.37. The stock’s 50 day moving average price is $14.75 and its two-hundred day moving average price is $17.06.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. Analysts anticipate that Tripadvisor, Inc. will post 0.38 EPS 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.