Tripadvisor (NASDAQ:TRIP) Stock Price Up 4% – Here’s What Happened

Tripadvisor, Inc. (NASDAQ:TRIP) shares were up 4% during mid-day trading on Thursday . The company traded as high as $16.17 and last traded at $16.38. Approximately 223,497 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 2,202,638 shares. The stock had previously closed at $15.74.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wedbush reissued a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. TD Cowen upped their price target on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Cantor Fitzgerald lowered their target price on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, November 7th. Finally, B. Riley upped their price target on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.50.

Tripadvisor Stock Performance

The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $2.41 billion, a P/E ratio of 74.76, a price-to-earnings-growth ratio of 8.68 and a beta of 1.33. The company’s 50 day moving average is $14.42 and its 200-day moving average is $14.99.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The company had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. During the same period last year, the business posted $0.35 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts anticipate that Tripadvisor, Inc. will post 0.36 EPS for the current year.

Hedge Funds Weigh In On Tripadvisor

A number of large investors have recently modified their holdings of TRIP. Blue Trust Inc. raised its holdings in Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after buying an additional 1,543 shares during the last quarter. KBC Group NV increased its position in shares of Tripadvisor by 65.3% during the third quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock worth $65,000 after acquiring an additional 1,777 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Tripadvisor in the 3rd quarter worth about $27,000. Capital Performance Advisors LLP bought a new position in Tripadvisor in the 3rd quarter valued at about $28,000. Finally, GAMMA Investing LLC lifted its position in Tripadvisor by 204.7% in the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after acquiring an additional 2,469 shares in the last quarter. 98.99% of the stock is currently 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.