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

StockNews.com lowered shares of Tripadvisor (NASDAQ:TRIP) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Several other equities analysts have also commented on the stock. TD Cowen increased their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Truist Financial cut their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Wedbush reiterated a “neutral” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a report on Thursday, November 7th. UBS Group lowered their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Citigroup reduced their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $18.33.

Tripadvisor Price Performance

Shares of NASDAQ:TRIP opened at $13.77 on Friday. The company’s fifty day moving average price is $14.74 and its 200-day moving average price is $15.62. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 59.87, a PEG ratio of 9.35 and a beta of 1.36. Tripadvisor has a one year low of $12.93 and a one year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released its quarterly 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. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The business had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. During the same quarter last year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts anticipate that Tripadvisor will post 0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC increased its position in Tripadvisor by 21.3% during the 2nd quarter. SG Americas Securities LLC now owns 24,004 shares of the travel company’s stock valued at $428,000 after purchasing an additional 4,220 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Tripadvisor by 406.7% during the second quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company’s stock valued at $13,119,000 after buying an additional 591,251 shares during the period. Neo Ivy Capital Management bought a new position in Tripadvisor in the second quarter worth about $2,669,000. Fifth Third Bancorp lifted its holdings in Tripadvisor by 104.1% in the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after buying an additional 846 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in Tripadvisor by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock valued at $974,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

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.