StockNews.com Downgrades Tripadvisor (NASDAQ:TRIP) to Hold

Tripadvisor (NASDAQ:TRIP) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other equities research analysts have also weighed in on TRIP. Citigroup dropped their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. TD Cowen increased their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. UBS Group reduced their target price on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Wedbush restated a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. Finally, Truist Financial reduced their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Trading Up 0.7 %

NASDAQ TRIP opened at $13.77 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 one year low of $12.93 and a one year high of $28.76. The company has a 50-day simple moving average of $14.74 and a 200-day simple moving average of $15.64. The firm has a market capitalization of $1.92 billion, a PE ratio of 59.87, a price-to-earnings-growth ratio of 9.68 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company 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%. Tripadvisor’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts forecast that Tripadvisor will post 0.36 earnings per share for the current year.

Institutional Trading of Tripadvisor

A number of large investors have recently added to or reduced their stakes in TRIP. U S Global Investors Inc. raised its holdings in Tripadvisor by 71.8% during the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after buying an additional 632,353 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Tripadvisor by 406.7% during the second quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company’s stock valued at $13,119,000 after acquiring an additional 591,251 shares during the period. Victory Capital Management Inc. lifted its position in shares of Tripadvisor by 214.8% in the 2nd quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock valued at $3,138,000 after acquiring an additional 120,209 shares in the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new position in Tripadvisor in the 3rd quarter worth approximately $5,159,000. Finally, Charles Schwab Investment Management Inc. grew its position in Tripadvisor by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock worth $17,378,000 after purchasing an additional 55,115 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

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.