Tripadvisor (NASDAQ:TRIP) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Tripadvisor (NASDAQ:TRIP) from a buy rating to a hold rating in a research report report published on Friday.

Other analysts have also recently issued reports about the stock. TD Cowen increased their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday. BTIG Research cut their price target on Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Citigroup decreased their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. JPMorgan Chase & Co. cut their target price on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Finally, UBS Group decreased their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and a consensus price target of $18.33.

Tripadvisor Stock Performance

NASDAQ:TRIP traded up $0.03 during mid-day trading on Friday, hitting $15.49. 2,830,607 shares of the company traded hands, compared to its average volume of 2,350,247. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. The stock’s fifty day moving average price is $14.77 and its 200-day moving average price is $16.99. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 67.35, a price-to-earnings-growth ratio of 11.45 and a beta of 1.37. Tripadvisor has a one year low of $12.93 and a one year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Tripadvisor had a return on equity of 10.65% and a net margin of 1.98%. The company had revenue of $497.00 million during the quarter, compared to the consensus estimate of $504.76 million. During the same period in the previous year, the company posted $0.21 EPS. The firm’s revenue was up .6% on a year-over-year basis. Research analysts anticipate that Tripadvisor will post 0.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Boston Partners bought a new stake in shares of Tripadvisor during the 1st quarter worth approximately $131,887,000. River Road Asset Management LLC increased its stake in Tripadvisor by 33.3% in the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after purchasing an additional 917,689 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Tripadvisor by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock worth $48,686,000 after purchasing an additional 95,138 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Tripadvisor by 53.0% during the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock valued at $41,364,000 after purchasing an additional 822,712 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Tripadvisor by 4.9% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company’s stock worth $40,822,000 after purchasing an additional 107,154 shares during 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.