Tripadvisor (NASDAQ:TRIP) Rating Lowered to “Hold” at StockNews.com

Tripadvisor (NASDAQ:TRIP) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other brokerages also recently issued reports on TRIP. Wedbush reissued a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. TD Cowen raised their price objective on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Cantor Fitzgerald dropped their target price on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. Truist Financial decreased their price target on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Finally, UBS Group cut 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. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.33.

Tripadvisor Price Performance

Tripadvisor stock opened at $13.77 on Friday. 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 firm’s 50-day simple moving average is $14.74 and its 200 day simple moving average is $15.64. Tripadvisor has a 52 week low of $12.93 and a 52 week high of $28.76. The firm has a market capitalization of $1.92 billion, a PE ratio of 59.87, a P/E/G ratio of 9.68 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The business 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%. The company’s revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. On average, equities research analysts predict that Tripadvisor will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in shares of Tripadvisor during the 3rd quarter valued at approximately $201,000. Geode Capital Management LLC increased its position in shares of Tripadvisor by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company’s stock worth $26,421,000 after purchasing an additional 18,059 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Tripadvisor by 7.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,534 shares of the travel company’s stock valued at $761,000 after purchasing an additional 3,604 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Tripadvisor during the third quarter worth about $208,000. Finally, National Bank of Canada FI grew its stake in Tripadvisor by 31.2% in the third quarter. National Bank of Canada FI now owns 59,455 shares of the travel company’s stock worth $862,000 after purchasing an additional 14,129 shares in the last quarter. Hedge funds and other 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.