Tripadvisor (NASDAQ:TRIP) Shares Gap Down After Analyst Downgrade

Tripadvisor, Inc. (NASDAQ:TRIP)’s share price gapped down before the market opened on Thursday after UBS Group lowered their price target on the stock from $18.00 to $17.00. The stock had previously closed at $17.41, but opened at $16.21. UBS Group currently has a neutral rating on the stock. Tripadvisor shares last traded at $16.15, with a volume of 709,255 shares trading hands.

TRIP has been the topic of a number of other research reports. Wedbush restated a “neutral” rating and set a $21.00 target price on shares of Tripadvisor in a report on Wednesday, August 7th. TD Cowen cut their price objective on Tripadvisor from $25.00 to $15.00 and set a “hold” rating on the stock in a report on Thursday, August 22nd. Cantor Fitzgerald reduced their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday. Citigroup reduced their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. 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, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TRIP. Acadian Asset Management LLC boosted its holdings in shares of Tripadvisor by 589.5% during the 1st quarter. Acadian Asset Management LLC now owns 34,946 shares of the travel company’s stock valued at $970,000 after acquiring an additional 29,878 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Tripadvisor during the first quarter worth about $4,638,000. Boston Partners acquired a new position in shares of Tripadvisor in the first quarter valued at approximately $131,887,000. DekaBank Deutsche Girozentrale raised its holdings in Tripadvisor by 9,356.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock valued at $5,477,000 after buying an additional 193,400 shares during the last quarter. Finally, U S Global Investors Inc. boosted its position in 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. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Stock Down 11.2 %

The stock has a market capitalization of $2.14 billion, a P/E ratio of 103.07, a price-to-earnings-growth ratio of 10.75 and a beta of 1.37. The stock’s fifty day simple moving average is $14.75 and its two-hundred day simple moving average is $17.06. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The company had revenue of $497.00 million during the quarter, compared to analyst estimates of $504.76 million. During the same quarter in the previous year, the business posted $0.21 EPS. Tripadvisor’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts expect that Tripadvisor, Inc. will post 0.38 EPS for the current fiscal year.

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.