Tripadvisor, Inc. (NASDAQ:TRIP) Receives Consensus Rating of “Hold” from Brokerages

Tripadvisor, Inc. (NASDAQ:TRIP) has earned an average recommendation of “Hold” from the sixteen research firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.33.

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. BMO Capital Markets cut their target price on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Cantor Fitzgerald reissued an “underweight” rating and set a $12.00 price target on shares of Tripadvisor in a research report on Monday, October 7th. B. Riley lowered shares of Tripadvisor from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $26.00 to $19.00 in a report on Wednesday, August 7th. Finally, Citigroup reduced 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.

Tripadvisor Trading Up 0.1 %

Shares of TRIP stock opened at $15.27 on Tuesday. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The firm has a market capitalization of $2.12 billion, a P/E ratio of 101.80, a PEG ratio of 2.30 and a beta of 1.39. The stock’s fifty day moving average is $14.43 and its two-hundred day moving average is $17.60. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $497.00 million for the quarter, compared to the consensus estimate of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. Research analysts expect that Tripadvisor will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

Several institutional investors and hedge funds have recently modified their holdings of the company. Pallas Capital Advisors LLC acquired a new position in Tripadvisor in the 3rd quarter valued at about $247,000. Autumn Glory Partners LLC boosted its position in Tripadvisor by 100.0% in the 3rd quarter. Autumn Glory Partners LLC now owns 39,070 shares of the travel company’s stock valued at $566,000 after buying an additional 19,535 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Tripadvisor in the third quarter worth $207,000. Assenagon Asset Management S.A. increased its position in shares of Tripadvisor by 4.9% during the third quarter. Assenagon Asset Management S.A. now owns 772,592 shares of the travel company’s stock worth $11,195,000 after acquiring an additional 35,967 shares during the period. Finally, U S Global Investors Inc. grew its stake in Tripadvisor by 71.8% during the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after purchasing an additional 632,353 shares in 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.