Tripadvisor (NASDAQ:TRIP) Stock Rating Lowered by StockNews.com

Tripadvisor (NASDAQ:TRIP) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also weighed in on TRIP. Wedbush reaffirmed a “neutral” rating and set a $17.00 target price (up from $16.00) on shares of Tripadvisor in a research report on Thursday. UBS Group dropped their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday. DA Davidson dropped their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Truist Financial decreased their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Tripadvisor currently has a consensus rating of “Hold” and an average target price of $18.33.

Tripadvisor Price Performance

Shares of Tripadvisor stock opened at $15.49 on Friday. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 67.35, a price-to-earnings-growth ratio of 11.45 and a beta of 1.37. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a 50 day moving average price of $14.77 and a 200-day moving average price of $16.92. Tripadvisor has a one year low of $12.93 and a one year high of $28.76.

Institutional Trading of Tripadvisor

A number of institutional investors and hedge funds have recently made changes to their positions in TRIP. Fifth Third Bancorp grew its stake in shares of Tripadvisor by 104.1% during the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after acquiring an additional 846 shares in the last quarter. Swiss National Bank increased its stake in shares of Tripadvisor by 0.6% in the first quarter. Swiss National Bank now owns 210,900 shares of the travel company’s stock valued at $5,861,000 after purchasing an additional 1,200 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Tripadvisor by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock valued at $974,000 after purchasing an additional 1,200 shares during the period. Texas Permanent School Fund Corp increased its stake in shares of Tripadvisor by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 94,621 shares of the travel company’s stock valued at $2,630,000 after purchasing an additional 1,264 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Tripadvisor by 5.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 32,423 shares of the travel company’s stock valued at $898,000 after acquiring an additional 1,626 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.