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

Tripadvisor (NASDAQ:TRIP) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

A number of other equities analysts have also recently commented on TRIP. Cantor Fitzgerald reduced their price target on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. Wedbush reiterated a “neutral” rating and set a $17.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. TD Cowen raised their price target on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, November 7th. UBS Group decreased their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Citigroup cut their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tripadvisor has an average rating of “Hold” and an average target price of $17.50.

Tripadvisor Stock Down 1.8 %

NASDAQ:TRIP opened at $15.08 on Thursday. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 65.57, a price-to-earnings-growth ratio of 9.35 and a beta of 1.33. 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 has a twelve month low of $12.93 and a twelve month high of $28.76. The stock’s 50 day moving average price is $14.49 and its two-hundred day moving average price is $15.15.

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

Institutional Investors Weigh In On Tripadvisor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Hawaiian Bank lifted its position in shares of Tripadvisor by 186.3% during the 4th quarter. First Hawaiian Bank now owns 34,671 shares of the travel company’s stock worth $512,000 after buying an additional 22,563 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Tripadvisor by 204.7% in the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock worth $54,000 after acquiring an additional 2,469 shares during the last quarter. Confluence Investment Management LLC boosted its stake in shares of Tripadvisor by 43.6% in the 4th quarter. Confluence Investment Management LLC now owns 233,858 shares of the travel company’s stock valued at $3,454,000 after purchasing an additional 70,960 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Tripadvisor during the 3rd quarter valued at approximately $201,000. Finally, Geode Capital Management LLC grew its holdings in shares of Tripadvisor by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company’s stock valued at $26,421,000 after purchasing an additional 18,059 shares during 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.