Tripadvisor (NASDAQ:TRIP) Upgraded at TheStreet

TheStreet upgraded shares of Tripadvisor (NASDAQ:TRIPGet Rating) from a d+ rating to a c- rating in a research note issued to investors on Monday, TheStreetRatingsTable reports.

Several other research analysts have also weighed in on TRIP. Mizuho lowered their target price on shares of Tripadvisor from $28.00 to $26.00 and set a neutral rating on the stock in a research report on Monday, August 8th. Truist Financial lowered their target price on shares of Tripadvisor from $57.00 to $44.00 and set a buy rating on the stock in a research report on Thursday, June 23rd. Citigroup increased their price target on shares of Tripadvisor to $27.00 in a research report on Monday, August 15th. UBS Group lowered their price target on shares of Tripadvisor from $28.00 to $20.00 and set a neutral rating on the stock in a research report on Monday, August 1st. Finally, StockNews.com lowered shares of Tripadvisor from a buy rating to a hold rating in a research report on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Tripadvisor has an average rating of Hold and a consensus target price of $28.89.

Tripadvisor Stock Performance

NASDAQ:TRIP opened at $23.80 on Monday. The company has a fifty day simple moving average of $21.29 and a two-hundred day simple moving average of $23.56. The company has a market cap of $3.32 billion, a price-to-earnings ratio of -103.48, a price-to-earnings-growth ratio of 2.57 and a beta of 1.43. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.13. Tripadvisor has a 52 week low of $16.87 and a 52 week high of $39.04.

Tripadvisor (NASDAQ:TRIPGet Rating) last issued its earnings results on Thursday, August 4th. The travel company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.10. Tripadvisor had a negative net margin of 2.53% and a negative return on equity of 3.27%. The firm had revenue of $417.00 million during the quarter, compared to the consensus estimate of $391.82 million. During the same quarter in the previous year, the firm posted ($0.26) earnings per share. The company’s revenue was up 77.4% compared to the same quarter last year. As a group, equities analysts anticipate that Tripadvisor will post 0.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $27.50, for a total transaction of $412,500.00. Following the completion of the transaction, the chief financial officer now directly owns 33,523 shares of the company’s stock, valued at approximately $921,882.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TRIP. Advisor Group Holdings Inc. lifted its position in Tripadvisor by 72.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 63,285 shares of the travel company’s stock valued at $1,725,000 after purchasing an additional 26,672 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Tripadvisor by 4.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 11,902 shares of the travel company’s stock worth $324,000 after buying an additional 478 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Tripadvisor by 29.9% during the 4th quarter. ProShare Advisors LLC now owns 9,427 shares of the travel company’s stock worth $256,000 after buying an additional 2,171 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Tripadvisor by 1.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,551 shares of the travel company’s stock worth $3,504,000 after buying an additional 1,938 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Tripadvisor by 44.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 11,293 shares of the travel company’s stock worth $308,000 after buying an additional 3,484 shares in the last quarter. 92.76% of the stock is owned by institutional investors and hedge funds.

About Tripadvisor

(Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

Further Reading

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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