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

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

A number of other equities research analysts have also weighed in on the company. UBS Group reduced their price objective on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Cantor Fitzgerald reduced their price target on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group lowered their price objective on Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. DA Davidson cut 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. Finally, Citigroup reduced their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.33.

Tripadvisor Stock Down 3.4 %

TRIP stock opened at $14.07 on Friday. The firm has a 50-day moving average price of $14.81 and a 200-day moving average price of $15.82. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $1.96 billion, a P/E ratio of 61.18, a price-to-earnings-growth ratio of 9.88 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, beating the consensus estimate of $0.44 by $0.06. The business 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%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. As a group, equities research analysts anticipate that Tripadvisor will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Several institutional investors have recently made changes to their positions in TRIP. CWM LLC raised its position in shares of Tripadvisor by 40.5% during the second quarter. CWM LLC now owns 10,532 shares of the travel company’s stock worth $188,000 after purchasing an additional 3,038 shares during the period. SG Americas Securities LLC raised its holdings in Tripadvisor by 21.3% during the second quarter. SG Americas Securities LLC now owns 24,004 shares of the travel company’s stock worth $428,000 after buying an additional 4,220 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Tripadvisor by 406.7% in the second quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company’s stock valued at $13,119,000 after buying an additional 591,251 shares in the last quarter. Cove Street Capital LLC acquired a new position in shares of Tripadvisor during the second quarter valued at about $746,000. Finally, Gladius Capital Management LP bought a new stake in shares of Tripadvisor during the second quarter worth about $79,000. 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.