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

Tripadvisor, Inc. (NASDAQ:TRIP) has been given an average recommendation of “Hold” by the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $18.33.

Several equities research analysts have weighed in on the stock. StockNews.com lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a report on Friday, November 8th. BTIG Research cut their target price on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Wedbush reiterated a “neutral” rating and issued a $17.00 target price (up from $16.00) on shares of Tripadvisor in a report on Thursday, November 7th. B. Riley increased their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Citigroup cut their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th.

Institutional Investors Weigh In On Tripadvisor

A number of institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in Tripadvisor by 7.4% during the third quarter. Public Employees Retirement System of Ohio now owns 52,534 shares of the travel company’s stock worth $761,000 after acquiring an additional 3,604 shares in the last quarter. XTX Topco Ltd bought a new position in Tripadvisor during the third quarter worth $208,000. National Bank of Canada FI boosted its stake in Tripadvisor by 31.2% during the third quarter. National Bank of Canada FI now owns 59,455 shares of the travel company’s stock worth $862,000 after acquiring an additional 14,129 shares in the last quarter. State Street Corp boosted its stake in Tripadvisor by 1.0% during the third quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock worth $50,102,000 after acquiring an additional 33,809 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Tripadvisor in the third quarter valued at $1,796,000. 98.99% of the stock is owned by institutional investors.

Tripadvisor Price Performance

Shares of TRIP stock opened at $13.94 on Friday. Tripadvisor has a 1 year low of $12.93 and a 1 year high of $28.76. The firm’s 50 day moving average is $14.81 and its 200-day moving average is $16.56. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 60.61, a PEG ratio of 10.06 and a beta of 1.37. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $527.86 million. During the same period in the prior year, the business earned $0.35 earnings per share. Tripadvisor’s quarterly revenue was down .2% on a year-over-year basis. Sell-side analysts forecast that Tripadvisor will post 0.36 EPS for the current fiscal year.

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.