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

StockNews.com upgraded shares of Tripadvisor (NASDAQ:TRIP) from a hold rating to a buy rating in a research report report published on Monday.

Several other brokerages have also commented on TRIP. JPMorgan Chase & Co. increased their price target on shares of Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Friday. B. Riley increased their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. UBS Group reiterated a “neutral” rating on shares of Tripadvisor in a research note on Tuesday, February 4th. Wedbush reiterated a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. Finally, Cantor Fitzgerald lowered their target price on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.71.

Tripadvisor Stock Performance

Shares of Tripadvisor stock opened at $15.02 on Monday. The firm has a market capitalization of $2.09 billion, a P/E ratio of 751.38, a P/E/G ratio of 9.01 and a beta of 1.34. Tripadvisor has a 52 week low of $12.93 and a 52 week high of $28.76. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The firm’s 50 day moving average is $16.00 and its two-hundred day moving average is $15.01.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $411.00 million during the quarter, compared to analysts’ expectations of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. Research analysts forecast that Tripadvisor will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

Hedge funds have recently modified their holdings of the stock. True Wealth Design LLC acquired a new stake in shares of Tripadvisor during the third quarter worth $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Tripadvisor during the third quarter worth $28,000. Bogart Wealth LLC acquired a new stake in shares of Tripadvisor during the fourth quarter worth $30,000. Blue Trust Inc. lifted its holdings in shares of Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after purchasing an additional 1,543 shares during the period. Finally, Aster Capital Management DIFC Ltd lifted its holdings in Tripadvisor by 83.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after acquiring an additional 1,557 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

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.