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

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have earned a consensus recommendation of “Reduce” from the fourteen research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $17.50.

Several research analysts have commented on TRIP shares. StockNews.com downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a report on Wednesday. B. Riley lifted their price objective on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. UBS Group decreased their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. DA Davidson reiterated a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, Wedbush reissued a “neutral” rating and set a $17.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th.

Hedge Funds Weigh In On Tripadvisor

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in Tripadvisor by 204.7% in the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after purchasing an additional 2,469 shares during the last quarter. Confluence Investment Management LLC increased its stake in shares of Tripadvisor by 43.6% in the fourth quarter. Confluence Investment Management LLC now owns 233,858 shares of the travel company’s stock worth $3,454,000 after buying an additional 70,960 shares during the period. Virtu Financial LLC bought a new stake in Tripadvisor during the 3rd quarter valued at $201,000. Geode Capital Management LLC boosted its position in Tripadvisor by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company’s stock valued at $26,421,000 after buying an additional 18,059 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Tripadvisor by 7.4% in the 3rd 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 during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Stock Performance

Shares of TRIP opened at $14.99 on Friday. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The stock’s 50-day simple moving average is $14.53 and its 200 day simple moving average is $15.21. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 65.18, a price-to-earnings-growth ratio of 9.35 and a beta of 1.33.

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 analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. Research analysts forecast that Tripadvisor will post 0.37 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.