Tripadvisor (NASDAQ:TRIP) Downgraded to Hold Rating by StockNews.com

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

Several other equities analysts have also recently weighed in on TRIP. UBS Group decreased their target price 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. Wedbush reissued a “neutral” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a research report on Thursday, November 7th. Cantor Fitzgerald dropped their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, November 7th. Truist Financial cut their target price on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, Citigroup lowered their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Trading Up 0.7 %

Tripadvisor stock opened at $13.77 on Friday. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 59.87, a P/E/G ratio of 9.35 and a beta of 1.36. The firm has a 50-day moving average of $14.74 and a 200-day moving average of $15.61. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85. Tripadvisor has a one year low of $12.93 and a one year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results 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 firm had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. On average, equities analysts expect that Tripadvisor will post 0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. U S Global Investors Inc. lifted its stake in Tripadvisor by 71.8% in the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after purchasing an additional 632,353 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Tripadvisor by 406.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company’s stock worth $13,119,000 after acquiring an additional 591,251 shares during the period. Victory Capital Management Inc. increased its holdings in Tripadvisor by 214.8% in the 2nd quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock worth $3,138,000 after acquiring an additional 120,209 shares during the last quarter. Boussard & Gavaudan Investment Management LLP bought a new stake in Tripadvisor in the 3rd quarter valued at about $5,159,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Tripadvisor by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock valued at $17,378,000 after purchasing an additional 55,115 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.