StockNews.com Downgrades Tripadvisor (NASDAQ:TRIP) to Hold

StockNews.com cut shares of Tripadvisor (NASDAQ:TRIPGet Rating) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

TRIP has been the subject of several other reports. JPMorgan Chase & Co. cut their target price on shares of Tripadvisor from $23.00 to $15.00 and set an underweight rating for the company in a report on Wednesday, June 29th. Mizuho cut their price target on shares of Tripadvisor from $28.00 to $26.00 and set a neutral rating for the company in a report on Monday, August 8th. Truist Financial cut their price target on shares of Tripadvisor from $57.00 to $44.00 and set a buy rating for the company in a report on Thursday, June 23rd. Citigroup boosted their price target on shares of Tripadvisor to $27.00 in a report on Monday. Finally, Ascendiant Capital Markets set a $36.00 price target on shares of Tripadvisor in a report on Monday, June 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $28.89.

Tripadvisor Price Performance

NASDAQ:TRIP opened at $27.15 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of -118.04, a price-to-earnings-growth ratio of 2.11 and a beta of 1.43. The company has a 50 day moving average price of $20.31 and a 200-day moving average price of $23.75. Tripadvisor has a 1-year low of $16.87 and a 1-year high of $39.04.

Tripadvisor (NASDAQ:TRIPGet Rating) last posted its earnings results on Thursday, August 4th. The travel company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.10. The firm had revenue of $417.00 million during the quarter, compared to analyst estimates of $391.82 million. Tripadvisor had a negative net margin of 2.53% and a negative return on equity of 3.27%. The business’s quarterly revenue was up 77.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.26) EPS. Equities research analysts forecast that Tripadvisor will post 0.38 EPS for the current year.

Insider Transactions at Tripadvisor

In other news, CFO Ernst 02494 Teunissen sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $27.50, for a total transaction of $412,500.00. Following the completion of the sale, the chief financial officer now owns 33,523 shares of the company’s stock, valued at $921,882.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Tripadvisor by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 9,384,653 shares of the travel company’s stock valued at $254,511,000 after acquiring an additional 77,179 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Tripadvisor by 48.7% in the fourth quarter. Allianz Asset Management GmbH now owns 3,724,663 shares of the travel company’s stock valued at $101,534,000 after buying an additional 1,220,458 shares during the last quarter. State Street Corp lifted its position in Tripadvisor by 3.8% in the first quarter. State Street Corp now owns 2,644,251 shares of the travel company’s stock valued at $71,712,000 after buying an additional 97,233 shares during the last quarter. U S Global Investors Inc. lifted its position in Tripadvisor by 3.3% in the first quarter. U S Global Investors Inc. now owns 2,468,862 shares of the travel company’s stock valued at $66,956,000 after buying an additional 79,182 shares during the last quarter. Finally, Contour Asset Management LLC increased its stake in Tripadvisor by 1,376.9% during the fourth quarter. Contour Asset Management LLC now owns 1,935,400 shares of the travel company’s stock worth $52,759,000 after purchasing an additional 1,804,352 shares during the period. Institutional investors and hedge funds own 82.89% of the company’s stock.

About Tripadvisor

(Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

Read More

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.