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

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

TRIP has been the topic of a number of other research reports. Cantor Fitzgerald decreased their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, November 7th. Citigroup lowered their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. UBS Group decreased their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. DA Davidson reissued a “neutral” rating and set a $16.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. Finally, Wedbush restated a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. Three research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.50.

Tripadvisor Stock Performance

Shares of NASDAQ TRIP opened at $15.08 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. Tripadvisor has a 12-month low of $12.93 and a 12-month high of $28.76. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 65.57, a price-to-earnings-growth ratio of 9.35 and a beta of 1.33. The firm has a 50 day moving average of $14.47 and a 200 day moving average of $15.15.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. Tripadvisor’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. On average, research analysts anticipate that Tripadvisor will post 0.37 earnings per share for the current year.

Institutional Trading of Tripadvisor

Several hedge funds and other institutional investors have recently bought and sold shares of TRIP. Pacer Advisors Inc. increased its position in Tripadvisor by 167.6% during the third 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 last quarter. Jupiter Asset Management Ltd. raised its position in Tripadvisor by 1,150.2% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock worth $30,001,000 after purchasing an additional 1,549,761 shares during the period. River Road Asset Management LLC lifted its stake in Tripadvisor by 33.3% in 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 purchasing an additional 917,689 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Tripadvisor by 53.0% during the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock valued at $41,364,000 after buying an additional 822,712 shares during the period. Finally, U S Global Investors Inc. grew its stake in shares of Tripadvisor by 71.8% during the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after buying an additional 632,353 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Company Profile

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.