Tripadvisor (NASDAQ:TRIP) Upgraded by StockNews.com to “Buy” Rating

Tripadvisor (NASDAQ:TRIP) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

A number of other analysts have also recently issued reports on TRIP. Citigroup reduced their price objective 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. UBS Group decreased their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Cantor Fitzgerald dropped their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. Truist Financial decreased their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Finally, Wedbush reissued a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Tripadvisor currently has a consensus rating of “Hold” and a consensus price target of $18.33.

Tripadvisor Price Performance

NASDAQ TRIP opened at $14.06 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The business’s fifty day moving average is $14.65 and its 200 day moving average is $15.45. The company has a market capitalization of $1.96 billion, a PE ratio of 61.13, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share (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%. The firm’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. Sell-side analysts predict that Tripadvisor will post 0.37 earnings per share for the current year.

Institutional Trading of Tripadvisor

Several hedge funds have recently made changes to their positions in the business. U S Global Investors Inc. increased its stake in Tripadvisor by 71.8% during the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after acquiring an additional 632,353 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Tripadvisor by 4.8% in 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 during the period. Victory Capital Management Inc. boosted its holdings 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 worth $3,138,000 after purchasing an additional 120,209 shares during the period. Boussard & Gavaudan Investment Management LLP bought a new position in shares of Tripadvisor during the 3rd quarter valued at approximately $5,159,000. Finally, Wittenberg Investment Management Inc. purchased a new stake in Tripadvisor during the 3rd quarter valued at $1,087,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

About Tripadvisor

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.