Tripadvisor (NASDAQ:TRIP) Rating Lowered to Strong Sell at BidaskClub

Tripadvisor (NASDAQ:TRIP) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

TRIP has been the topic of a number of other reports. Deutsche Bank reduced their price objective on shares of Tripadvisor from $54.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. ValuEngine upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. downgraded shares of Tripadvisor from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $48.00 to $28.00 in a research note on Friday, November 8th. Jefferies Financial Group reiterated a “sell” rating on shares of Tripadvisor in a research note on Tuesday, October 15th. Finally, Consumer Edge began coverage on shares of Tripadvisor in a research note on Monday, November 18th. They set an “underweight” rating and a $26.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Tripadvisor has a consensus rating of “Hold” and an average target price of $44.40.

Tripadvisor stock traded up $0.22 during midday trading on Tuesday, hitting $31.35. 67,541 shares of the stock were exchanged, compared to its average volume of 3,114,252. Tripadvisor has a 1 year low of $27.66 and a 1 year high of $60.90. The firm has a market cap of $4.32 billion, a P/E ratio of 29.94, a P/E/G ratio of 1.85 and a beta of 1.34. The company has a 50 day moving average price of $29.70 and a two-hundred day moving average price of $37.16.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Tripadvisor had a return on equity of 9.18% and a net margin of 7.44%. The business had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $459.39 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’s revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts anticipate that Tripadvisor will post 1.18 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Tripadvisor by 3.9% in the 2nd quarter. BlackRock Inc. now owns 7,859,610 shares of the travel company’s stock worth $363,821,000 after buying an additional 297,123 shares in the last quarter. AQR Capital Management LLC raised its stake in Tripadvisor by 38.1% during the 2nd quarter. AQR Capital Management LLC now owns 5,527,639 shares of the travel company’s stock valued at $255,266,000 after acquiring an additional 1,526,024 shares in the last quarter. Macquarie Group Ltd. raised its stake in Tripadvisor by 15.1% during the 2nd quarter. Macquarie Group Ltd. now owns 2,656,099 shares of the travel company’s stock valued at $122,951,000 after acquiring an additional 347,882 shares in the last quarter. Invesco Ltd. boosted its position in Tripadvisor by 3.8% during the 2nd quarter. Invesco Ltd. now owns 1,387,479 shares of the travel company’s stock worth $64,227,000 after acquiring an additional 51,079 shares during the period. Finally, Pictet Asset Management Ltd. boosted its position in Tripadvisor by 2,447.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,350,632 shares of the travel company’s stock worth $52,242,000 after acquiring an additional 1,297,614 shares during the period. Institutional investors own 83.91% of the company’s stock.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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