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 morning.

Several other research firms have also weighed in on TRIP. B. Riley lifted their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wedbush restated a “neutral” rating and issued a $17.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th. Cantor Fitzgerald lowered their target price on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their price target on shares of Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Friday, February 21st. Finally, TD Cowen raised their price target on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tripadvisor has a consensus rating of “Hold” and a consensus target price of $17.71.

Tripadvisor Stock Down 0.4 %

Shares of Tripadvisor stock opened at $14.91 on Monday. The firm’s 50 day moving average price is $16.07 and its 200-day moving average price is $15.01. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The company has a market cap of $2.08 billion, a P/E ratio of 745.87, a PEG ratio of 9.01 and a beta of 1.34.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The company had revenue of $411.00 million during 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%. On average, sell-side analysts predict that Tripadvisor will post 0.46 EPS for the current fiscal year.

Institutional Trading of Tripadvisor

Hedge funds have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB acquired a new stake in Tripadvisor in the fourth quarter valued at $295,000. Janney Montgomery Scott LLC acquired a new stake in shares of Tripadvisor in the fourth quarter valued at approximately $308,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Tripadvisor by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock valued at $17,378,000 after acquiring an additional 55,115 shares during the period. Boussard & Gavaudan Investment Management LLP purchased a new stake in Tripadvisor in the 3rd quarter valued at $5,159,000. Finally, Confluence Investment Management LLC raised its holdings in shares of Tripadvisor by 43.6% in the fourth quarter. Confluence Investment Management LLC now owns 233,858 shares of the travel company’s stock valued at $3,454,000 after buying an additional 70,960 shares during the last quarter. Institutional investors and hedge funds 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.