Tripadvisor (NASDAQ:TRIP) Trading Down 3.3% – Here’s What Happened

by · The Markets Daily

Tripadvisor, Inc. (NASDAQ:TRIP – Get Free Report) dropped 3.3% during mid-day trading on Friday . The stock traded as low as $13.32 and last traded at $13.43. Approximately 931,517 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 2,300,254 shares. The stock had previously closed at $13.89.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TRIP shares. UBS Group reduced their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Citigroup reduced 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. Wedbush reissued a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a report on Thursday. TD Cowen upped their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Finally, StockNews.com cut shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Tripadvisor currently has an average rating of “Hold” and an average target price of $18.33.

Read Our Latest Research Report on TRIP

Tripadvisor Trading Down 0.7 %

The stock has a market cap of $1.92 billion, a PE ratio of 59.96, a PEG ratio of 9.35 and a beta of 1.36. The company’s fifty day moving average is $14.65 and its 200-day moving average is $15.48. 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 (NASDAQ:TRIP – Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. During the same period last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, analysts predict that Tripadvisor, Inc. will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

Several hedge funds have recently bought and sold shares of TRIP. True Wealth Design LLC acquired a new position in shares of Tripadvisor in the third quarter worth about $27,000. Capital Performance Advisors LLP purchased a new position in shares of Tripadvisor in the third quarter valued at approximately $28,000. Fifth Third Bancorp lifted its holdings in Tripadvisor by 104.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after purchasing an additional 846 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Tripadvisor in the third quarter valued at about $43,000. Finally, Quest Partners LLC raised its holdings in Tripadvisor by 14,244.4% in the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after acquiring an additional 2,564 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Company Profile

(Get Free Report)

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.

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