Tripadvisor (NASDAQ:TRIP) Upgraded at StockNews.com

StockNews.com upgraded shares of Tripadvisor (NASDAQ:TRIP) from a hold rating to a buy rating in a research report report published on Monday.

TRIP has been the subject of several other research reports. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research note on Thursday, February 20th. TD Cowen lifted their price target on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Cantor Fitzgerald cut their price target on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. lifted their price target on Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday. Finally, UBS Group reiterated a “neutral” rating on shares of Tripadvisor in a research report on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Tripadvisor has a consensus rating of “Hold” and an average target price of $17.71.

Tripadvisor Price Performance

Tripadvisor stock opened at $15.02 on Monday. Tripadvisor has a one year low of $12.93 and a one year high of $28.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The business has a fifty day moving average of $16.00 and a two-hundred day moving average of $15.01. The company has a market cap of $2.09 billion, a P/E ratio of 751.38, a price-to-earnings-growth ratio of 9.01 and a beta of 1.34.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. As a group, analysts predict that Tripadvisor will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of Tripadvisor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its holdings 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. Ameriprise Financial Inc. grew its holdings in shares of Tripadvisor by 179.5% during the 4th 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 during the period. AQR Capital Management LLC grew its holdings in shares of Tripadvisor by 40.1% during the 4th 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 during the period. River Road Asset Management LLC lifted its position in 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 worth $53,179,000 after acquiring an additional 917,689 shares in the last quarter. Finally, Toronado Partners LLC acquired a new position in Tripadvisor during the 4th quarter worth approximately $10,533,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

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.