Tripadvisor (NASDAQ:TRIP) Raised to Buy at StockNews.com

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

A number of other equities research analysts have also recently weighed in on the company. UBS Group decreased their price objective on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. DA Davidson reissued a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Wedbush reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. Truist Financial decreased 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. Finally, Cantor Fitzgerald lowered their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Tripadvisor has a consensus rating of “Hold” and an average target price of $18.33.

Tripadvisor Price Performance

Shares of TRIP opened at $14.41 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The company has a 50 day moving average price of $14.62 and a 200-day moving average price of $15.39. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The stock has a market capitalization of $2.01 billion, a PE ratio of 62.65, a PEG ratio of 9.35 and a beta of 1.36.

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 predict that Tripadvisor will post 0.37 earnings per share for the current fiscal year.

Institutional Trading of Tripadvisor

Several large investors have recently added to or reduced their stakes in TRIP. True Wealth Design LLC purchased a new position in shares of Tripadvisor in the third quarter worth about $27,000. Capital Performance Advisors LLP acquired a new position in Tripadvisor in the 3rd quarter worth approximately $28,000. 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. Future Financial Wealth Managment LLC acquired a new stake in Tripadvisor during the 3rd quarter valued at approximately $43,000. Finally, Quest Partners LLC boosted its holdings 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 acquiring an additional 2,564 shares during the last quarter. Hedge funds and other institutional investors 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.