StockNews.com Upgrades Tripadvisor (NASDAQ:TRIP) to “Buy”

Tripadvisor (NASDAQ:TRIP) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

TRIP has been the topic of a number of other research reports. Citigroup dropped their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Wedbush restated a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. 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. B. Riley upped their price target on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, DA Davidson reiterated a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.33.

Tripadvisor Trading Up 2.5 %

NASDAQ:TRIP opened at $14.41 on Tuesday. The firm has a 50-day simple moving average of $14.61 and a 200-day simple moving average of $15.38. Tripadvisor has a one year low of $12.93 and a one year high of $28.76. The firm has a market cap of $2.01 billion, a P/E ratio of 62.65, a P/E/G ratio of 9.35 and a beta of 1.36. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85.

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

Institutional Investors Weigh In On Tripadvisor

Institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Bancorp raised its position in Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after buying an additional 846 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Tripadvisor by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock worth $974,000 after purchasing an additional 1,200 shares during the last quarter. KBC Group NV lifted its position in Tripadvisor by 65.3% during the third quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after purchasing an additional 1,777 shares during the period. True Wealth Design LLC purchased a new stake in Tripadvisor in the third quarter valued at $27,000. Finally, Capital Performance Advisors LLP acquired a new stake in Tripadvisor during the 3rd quarter worth about $28,000. Institutional investors and hedge funds 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.