Tripadvisor (NASDAQ:TRIP) Raised to Buy at StockNews.com

Tripadvisor (NASDAQ:TRIP) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Several other analysts have also issued reports on the company. TD Cowen upped their price objective on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. UBS Group decreased their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. DA Davidson cut their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Cantor Fitzgerald decreased their price target on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, November 7th. Finally, B. Riley raised their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Price Performance

Shares of TRIP opened at $14.07 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The company’s fifty day simple moving average is $14.81 and its 200 day simple moving average is $15.82. Tripadvisor has a 1-year low of $12.93 and a 1-year high of $28.76. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 61.18, a PEG ratio of 9.88 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last released 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. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. During the same period in the previous year, the business earned $0.35 EPS. Tripadvisor’s revenue for the quarter was down .2% compared to the same quarter last year. On average, research analysts forecast that Tripadvisor will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of Tripadvisor

A number of institutional investors have recently modified their holdings of TRIP. Fifth Third Bancorp raised its stake in Tripadvisor by 104.1% in the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after purchasing an additional 846 shares in the last quarter. True Wealth Design LLC bought a new position in Tripadvisor in the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP acquired a new position in shares of Tripadvisor in the 3rd quarter valued at approximately $28,000. Quest Partners LLC lifted its holdings in shares of Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after acquiring an additional 2,564 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Tripadvisor during the 3rd quarter worth approximately $43,000. 98.99% of the stock is currently 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.