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

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have received an average recommendation of “Hold” from the sixteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.33.

TRIP has been the topic of a number of recent analyst reports. BTIG Research dropped their target price on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. DA Davidson dropped their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Truist Financial dropped their target price on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Wedbush reaffirmed a “neutral” rating and issued a $21.00 target price on shares of Tripadvisor in a research report on Wednesday, August 7th. Finally, Citigroup dropped their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th.

Institutional Trading of Tripadvisor

Several hedge funds have recently made changes to their positions in TRIP. Fifth Third Bancorp lifted its stake in shares of Tripadvisor by 104.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after acquiring an additional 846 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Tripadvisor in the 3rd quarter worth $43,000. Quest Partners LLC lifted its stake 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 worth $46,000 after acquiring an additional 2,564 shares during the period. Gladius Capital Management LP acquired a new stake in shares of Tripadvisor in the 2nd quarter worth $79,000. Finally, Quent Capital LLC lifted its stake in shares of Tripadvisor by 88.7% in the 3rd quarter. Quent Capital LLC now owns 10,423 shares of the travel company’s stock worth $151,000 after acquiring an additional 4,899 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Trading Up 2.6 %

Shares of NASDAQ:TRIP opened at $15.67 on Tuesday. Tripadvisor has a 52 week low of $12.93 and a 52 week high of $28.76. The company’s 50 day moving average is $14.46 and its two-hundred day moving average is $17.46. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.04. The company has a market cap of $2.17 billion, a PE ratio of 104.47, a P/E/G ratio of 10.05 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The company had revenue of $497.00 million for the quarter, compared to the consensus estimate of $504.76 million. During the same period in the prior year, the firm posted $0.21 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. Equities analysts predict that Tripadvisor will post 0.38 earnings per share for the current fiscal year.

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.