Tripadvisor, Inc. (NASDAQ:TRIP) Receives Average Rating of “Hold” from Brokerages

Tripadvisor, Inc. (NASDAQ:TRIP) has been assigned an average rating of “Hold” from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $18.33.

TRIP has been the topic of several recent analyst reports. Cantor Fitzgerald reissued an “underweight” rating and issued a $12.00 price target on shares of Tripadvisor in a research note on Monday, October 7th. BMO Capital Markets lowered their target price on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. B. Riley lowered Tripadvisor from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $26.00 to $19.00 in a research note on Wednesday, August 7th. TD Cowen decreased their target price on shares of Tripadvisor from $25.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, August 22nd. Finally, Truist Financial reduced their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th.

Institutional Trading of Tripadvisor

Hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC raised its position in Tripadvisor by 589.5% during the 1st quarter. Acadian Asset Management LLC now owns 34,946 shares of the travel company’s stock worth $970,000 after buying an additional 29,878 shares during the last quarter. Tidal Investments LLC acquired a new position in Tripadvisor during the first quarter worth $4,638,000. Boston Partners purchased a new position in Tripadvisor during the first quarter valued at $131,887,000. DekaBank Deutsche Girozentrale grew its position in shares of Tripadvisor by 9,356.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock valued at $5,477,000 after purchasing an additional 193,400 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Tripadvisor by 406.7% during the second quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company’s stock worth $13,119,000 after purchasing an additional 591,251 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Price Performance

Shares of TRIP stock opened at $15.26 on Tuesday. Tripadvisor has a twelve month low of $12.93 and a twelve month high of $28.76. The business has a fifty day simple moving average of $14.28 and a 200 day simple moving average of $17.95. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. The company has a market cap of $2.12 billion, a P/E ratio of 101.73, a P/E/G ratio of 2.33 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $497.00 million for the quarter, compared to analyst estimates of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. Tripadvisor’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, sell-side analysts forecast that Tripadvisor will post 0.37 EPS for the current fiscal year.

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.