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

Tripadvisor (NASDAQ:TRIP) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Other equities research analysts have also issued reports about the company. B. Riley lifted their price target on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. TD Cowen upped their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Wedbush reiterated a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. Citigroup dropped their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $16.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Tripadvisor currently has a consensus rating of “Hold” and a consensus price target of $18.33.

Tripadvisor Stock Up 2.0 %

Shares of Tripadvisor stock opened at $14.06 on Tuesday. The company’s fifty day simple moving average is $14.65 and its two-hundred day simple moving average is $15.45. Tripadvisor has a 12-month low of $12.93 and a 12-month high of $28.76. 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 has a market cap of $1.96 billion, a P/E ratio of 61.13, a PEG ratio of 9.35 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The company had revenue of $532.00 million for 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 quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 earnings per share. Research analysts anticipate that Tripadvisor will post 0.37 EPS for the current year.

Institutional Investors Weigh In On Tripadvisor

A number of hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its holdings in shares of 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 acquiring an additional 846 shares during the period. Louisiana State Employees Retirement System boosted its position in Tripadvisor by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock worth $974,000 after purchasing an additional 1,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tripadvisor by 28.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,487 shares of the travel company’s stock valued at $472,000 after purchasing an additional 5,802 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Tripadvisor by 525.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 56,197 shares of the travel company’s stock valued at $1,001,000 after purchasing an additional 47,216 shares during the last quarter. Finally, Versor Investments LP lifted its stake in shares of Tripadvisor by 111.3% in the 2nd quarter. Versor Investments LP now owns 17,433 shares of the travel company’s stock worth $310,000 after purchasing an additional 9,184 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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.