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

Tripadvisor, Inc. (NASDAQ:TRIP) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $18.33.

A number of research firms have commented on TRIP. B. Riley upped their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Wedbush reissued a “neutral” rating and issued a $17.00 price target (up from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. Truist Financial lowered their price objective on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Citigroup dropped their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, TD Cowen upped their price target on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in Tripadvisor in the third quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in shares of Tripadvisor during the third quarter worth about $28,000. Fifth Third Bancorp increased its position in Tripadvisor by 104.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after acquiring an additional 846 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Tripadvisor during the 3rd quarter valued at approximately $43,000. Finally, Quest Partners LLC lifted its position in 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 during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Price Performance

NASDAQ:TRIP opened at $13.98 on Wednesday. The stock has a 50 day moving average price of $14.78 and a 200 day moving average price of $15.69. The stock has a market cap of $1.95 billion, a PE ratio of 60.79, a P/E/G ratio of 10.01 and a beta of 1.36. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor has a one year low of $12.93 and a one year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data 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. The firm 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%. Tripadvisor’s revenue was down .2% compared to the same quarter last year. During the same period last year, the business earned $0.35 earnings per share. Equities research analysts expect that Tripadvisor will post 0.36 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.