Tripadvisor (NASDAQ:TRIP) Downgraded by StockNews.com to “Hold”

by · The Markets Daily

StockNews.com downgraded shares of Tripadvisor (NASDAQ:TRIP – Free Report) from a buy rating to a hold rating in a report issued on Thursday.

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

View Our Latest Analysis on TRIP

Tripadvisor Stock Performance

Shares of NASDAQ:TRIP opened at $15.08 on Thursday. The firm’s 50 day simple moving average is $14.47 and its 200-day simple moving average is $15.15. 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 firm has a market cap of $2.10 billion, a PE ratio of 65.57, a price-to-earnings-growth ratio of 9.35 and a beta of 1.33.

Tripadvisor (NASDAQ:TRIP – Get Free Report) last issued its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $532.00 million during the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. Tripadvisor’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. As a group, equities analysts predict that Tripadvisor will post 0.37 EPS for the current year.

Hedge Funds Weigh In On Tripadvisor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in shares of Tripadvisor in the third quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new position in Tripadvisor in the 3rd quarter worth approximately $28,000. Future Financial Wealth Managment LLC acquired a new position in Tripadvisor in the 3rd quarter worth approximately $43,000. Quest Partners LLC lifted its stake in Tripadvisor by 14,244.4% during 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 period. Finally, GAMMA Investing LLC boosted its holdings in shares of Tripadvisor by 204.7% in the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after acquiring an additional 2,469 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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