Tripadvisor (NASDAQ:TRIP) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Tripadvisor (NASDAQ:TRIP) from a buy rating to a hold rating in a report released on Wednesday.

A number of other equities analysts have also recently issued reports on the company. DA Davidson reiterated a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th. B. Riley increased their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Cantor Fitzgerald lowered their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. UBS Group cut their price objective 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. Finally, Citigroup decreased their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.50.

Tripadvisor Trading Down 0.9 %

Shares of Tripadvisor stock opened at $14.77 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85. Tripadvisor has a 1 year low of $12.93 and a 1 year high of $28.76. The firm has a market cap of $2.06 billion, a PE ratio of 64.22, a PEG ratio of 9.35 and a beta of 1.36. The company has a 50 day simple moving average of $14.55 and a two-hundred day simple moving average of $15.25.

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 company had revenue of $532.00 million during 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%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. Analysts expect that Tripadvisor will post 0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Tripadvisor by 28.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,487 shares of the travel company’s stock worth $472,000 after buying an additional 5,802 shares during the last quarter. Versor Investments LP raised its holdings in Tripadvisor by 111.3% in the 2nd quarter. Versor Investments LP now owns 17,433 shares of the travel company’s stock worth $310,000 after purchasing an additional 9,184 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Tripadvisor by 8.1% in the 2nd quarter. Rhumbline Advisers now owns 278,067 shares of the travel company’s stock worth $4,952,000 after purchasing an additional 20,776 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Tripadvisor by 214.8% during the 2nd quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock valued at $3,138,000 after purchasing an additional 120,209 shares in the last quarter. Finally, X Square Capital LLC purchased a new position in shares of Tripadvisor during the second quarter valued at about $178,000. Hedge funds and other 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.