Tripadvisor (NASDAQ:TRIP) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Tripadvisor (NASDAQ:TRIP) from a buy rating to a hold rating in a research note published on Thursday.

TRIP has been the subject of several other reports. UBS Group dropped their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Citigroup cut their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. DA Davidson reissued a “neutral” rating and set a $16.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. Wedbush reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. Finally, TD Cowen increased their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.50.

Tripadvisor Stock Down 5.8 %

NASDAQ TRIP opened at $14.20 on Thursday. The business has a fifty day moving average price of $14.43 and a two-hundred day moving average price of $15.11. The stock has a market capitalization of $1.98 billion, a PE ratio of 61.74, a PEG ratio of 9.35 and a beta of 1.33. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, November 6th. The travel company reported $0.50 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 firm had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $527.86 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts expect that Tripadvisor will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

Institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in shares of Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after purchasing an additional 3,173,817 shares during the period. River Road Asset Management LLC grew its position in shares of Tripadvisor by 33.3% during the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after acquiring an additional 917,689 shares during the period. State Street Corp raised its holdings in shares of Tripadvisor by 1.0% in the 3rd quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock worth $50,102,000 after purchasing an additional 33,809 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Tripadvisor by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock valued at $48,686,000 after buying an additional 95,138 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Tripadvisor by 15.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock worth $37,186,000 after acquiring an additional 334,961 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

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.