Tripadvisor (NASDAQ:TRIP) Shares Down 9.4% Following Weak Earnings

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) traded down 9.4% during trading on Thursday following a weaker than expected earnings announcement. The stock traded as low as $16.03 and last traded at $16.05. 1,715,871 shares traded hands during trading, a decline of 30% from the average session volume of 2,457,725 shares. The stock had previously closed at $17.70.

The travel company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The business had revenue of $411.00 million for the quarter, compared to analysts’ expectations of $400.02 million.

Wall Street Analyst Weigh In

TRIP has been the subject of several research reports. DA Davidson restated a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a report on Thursday. B. Riley raised their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Friday. TD Cowen lifted their price target on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, Wedbush restated a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.71.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TRIP. Pacer Advisors Inc. grew 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 valued at $73,431,000 after acquiring an additional 3,173,817 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Tripadvisor by 179.5% in the fourth quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock worth $65,172,000 after purchasing an additional 2,833,528 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Tripadvisor by 40.1% in the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock worth $49,694,000 after purchasing an additional 962,262 shares in the last quarter. River Road Asset Management LLC boosted its position in shares of Tripadvisor by 33.3% during the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after acquiring an additional 917,689 shares during the last quarter. Finally, Toronado Partners LLC bought a new position in shares of Tripadvisor during the fourth quarter worth $10,533,000. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Trading Down 8.4 %

The stock has a market cap of $2.11 billion, a PE ratio of 65.70, a price-to-earnings-growth ratio of 9.66 and a beta of 1.34. The stock has a 50-day moving average price of $15.98 and a two-hundred day moving average price of $15.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85.

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.