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

Tripadvisor (NASDAQ:TRIP) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Several other brokerages have also commented on TRIP. Wedbush reissued a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. UBS Group reiterated a “neutral” rating on shares of Tripadvisor in a research report on Tuesday, February 4th. JPMorgan Chase & Co. upped their target price on Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research note on Thursday. Finally, Cantor Fitzgerald decreased their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.71.

Tripadvisor Price Performance

NASDAQ:TRIP traded down $0.09 during trading hours on Monday, hitting $15.02. The company’s stock had a trading volume of 3,335,690 shares, compared to its average volume of 2,677,307. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The business’s 50-day moving average is $16.00 and its two-hundred day moving average is $15.01. The company has a market capitalization of $2.09 billion, a PE ratio of 751.38, a PEG ratio of 9.01 and a beta of 1.34.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share (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 analysts’ expectations of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. As a group, research analysts anticipate that Tripadvisor will post 0.46 EPS for the current fiscal year.

Institutional Trading of Tripadvisor

A number of hedge funds have recently bought and sold shares of the company. LPL Financial LLC lifted its stake in shares of Tripadvisor by 8.7% during the 4th quarter. LPL Financial LLC now owns 12,511 shares of the travel company’s stock worth $185,000 after purchasing an additional 997 shares during the period. Blue Trust Inc. lifted its position in Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after buying an additional 1,543 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in Tripadvisor by 83.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock worth $50,000 after buying an additional 1,557 shares during the last quarter. KBC Group NV boosted its stake in Tripadvisor by 65.3% in the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock worth $65,000 after buying an additional 1,777 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in Tripadvisor in the 3rd quarter valued at about $27,000. 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.