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

Tripadvisor (NASDAQ:TRIP) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

TRIP has been the subject of a number of other reports. TD Cowen upped their target price on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. 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 report on Thursday, November 7th. Wedbush reiterated a “neutral” rating and set a $17.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. DA Davidson restated a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. Finally, Cantor Fitzgerald decreased their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Tripadvisor has a consensus rating of “Hold” and a consensus price target of $17.50.

Tripadvisor Price Performance

Shares of Tripadvisor stock opened at $15.08 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market cap of $2.10 billion, a PE ratio of 65.57, a price-to-earnings-growth ratio of 9.35 and a beta of 1.33. The firm has a fifty day moving average price of $14.49 and a two-hundred day moving average price of $15.15. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. Analysts expect that Tripadvisor will post 0.37 EPS for the current year.

Institutional Trading of Tripadvisor

A number of large investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of Tripadvisor by 8.1% in the second quarter. Rhumbline Advisers now owns 278,067 shares of the travel company’s stock valued at $4,952,000 after purchasing an additional 20,776 shares in the last quarter. Victory Capital Management Inc. boosted its position 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 last quarter. Quest Partners LLC grew its stake 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 in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Tripadvisor in the second quarter valued at approximately $216,000. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of Tripadvisor by 1,150.2% in the second quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock valued at $30,001,000 after purchasing an additional 1,549,761 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

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.