Tripadvisor (NASDAQ:TRIP) Stock Price Down 3.3% – Here’s What Happened

Tripadvisor, Inc. (NASDAQ:TRIP)’s stock price fell 3.3% during trading on Friday . The company traded as low as $13.32 and last traded at $13.43. 931,517 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 2,300,254 shares. The stock had previously closed at $13.89.

Analysts Set New Price Targets

TRIP has been the subject of several recent analyst reports. Cantor Fitzgerald decreased their price target on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. Wedbush reiterated a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a report on Thursday. UBS Group reduced their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. StockNews.com lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Finally, Truist Financial cut their target price on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.33.

Tripadvisor Stock Performance

The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 60.79, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36. The stock’s 50-day simple moving average is $14.66 and its 200 day simple moving average is $15.51.

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

Institutional Trading of Tripadvisor

Institutional investors and hedge funds have recently made changes to their positions in the business. True Wealth Design LLC bought a new position in Tripadvisor during the 3rd quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new stake in Tripadvisor in the third quarter worth $28,000. Fifth Third Bancorp boosted its position in shares of Tripadvisor by 104.1% during the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after purchasing an additional 846 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Tripadvisor in the 3rd quarter valued at $43,000. Finally, Quest Partners LLC increased its position in shares of Tripadvisor by 14,244.4% in the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after buying an additional 2,564 shares in the last quarter. 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.