Tripadvisor, Inc. (NASDAQ:TRIP) Given Average Rating of “Reduce” by Brokerages

Tripadvisor, Inc. (NASDAQ:TRIP) has received a consensus recommendation of “Reduce” from the fourteen analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $17.50.

Several analysts recently weighed in on the stock. TD Cowen boosted their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Wedbush reissued a “neutral” rating and issued a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. StockNews.com cut shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Cantor Fitzgerald cut their price target on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, November 7th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th.

Tripadvisor Stock Down 0.7 %

Shares of TRIP opened at $17.74 on Thursday. Tripadvisor has a one year low of $12.93 and a one year high of $28.76. The company has a market cap of $2.47 billion, a P/E ratio of 77.13, a P/E/G ratio of 8.59 and a beta of 1.33. 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 firm has a 50 day simple moving average of $14.81 and a two-hundred day simple moving average of $14.99.

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, 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 during the quarter, compared to the consensus estimate of $527.86 million. During the same period in the prior year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Research analysts forecast that Tripadvisor will post 0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

Institutional investors and hedge funds have recently made changes to their positions in the business. True Wealth Design LLC acquired a new stake in shares of Tripadvisor in the 3rd quarter worth about $27,000. Capital Performance Advisors LLP purchased a new stake in Tripadvisor in the 3rd quarter valued at about $28,000. Blue Trust Inc. increased its stake in Tripadvisor by 204.4% in the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after buying an additional 1,543 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Tripadvisor in the 3rd quarter valued at about $43,000. Finally, GAMMA Investing LLC increased its stake in Tripadvisor by 204.7% in the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after buying an additional 2,469 shares during the last quarter. Institutional investors and hedge funds 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.