Tripadvisor (NASDAQ:TRIP) Shares Gap Up – Still a Buy?

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) gapped up prior to trading on Thursday . The stock had previously closed at $12.95, but opened at $14.39. Tripadvisor shares last traded at $14.48, with a volume of 1,436,049 shares changing hands.

Wall Street Analyst Weigh In

TRIP has been the subject of a number of analyst reports. Truist Financial decreased their target price on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Citigroup decreased their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. B. Riley increased their target price on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Finally, Wedbush reiterated a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Price Performance

The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock’s 50-day moving average price is $14.66 and its 200-day moving average price is $15.51. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 59.96, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data 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. The firm had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. Tripadvisor’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 EPS. Equities research analysts anticipate that Tripadvisor, Inc. will post 0.37 earnings per share for the current year.

Institutional Trading of Tripadvisor

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRIP. U S Global Investors Inc. grew its position in shares of Tripadvisor by 71.8% during the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after buying an additional 632,353 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Tripadvisor by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock valued at $17,378,000 after acquiring an additional 55,115 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Tripadvisor by 214.8% during the 2nd quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock worth $3,138,000 after acquiring an additional 120,209 shares during the period. Boussard & Gavaudan Investment Management LLP bought a new stake in shares of Tripadvisor during the 3rd quarter valued at $5,159,000. Finally, Wittenberg Investment Management Inc. acquired a new position in shares of Tripadvisor in the 3rd quarter valued at $1,087,000. 98.99% of the stock is owned by institutional investors.

About Tripadvisor

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.