Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) has earned an average recommendation of “Hold” from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $24.46.
TRIP has been the topic of a number of research analyst reports. Truist Financial cut their target price on Tripadvisor from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Mizuho decreased their target price on shares of Tripadvisor from $26.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, November 9th. Credit Suisse Group decreased their target price on shares of Tripadvisor to $28.00 in a research note on Tuesday, November 15th. Barclays reduced their price objective on shares of Tripadvisor from $22.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, November 9th. Finally, DA Davidson reduced their price objective on shares of Tripadvisor from $33.00 to $30.00 in a research report on Friday, November 25th.
Institutional Trading of Tripadvisor
A number of hedge funds and other institutional investors have recently made changes to their positions in TRIP. Envestnet Asset Management Inc. raised its stake in Tripadvisor by 3.9% in the first quarter. Envestnet Asset Management Inc. now owns 12,368 shares of the travel company’s stock valued at $335,000 after purchasing an additional 466 shares in the last quarter. Raymond James & Associates boosted its holdings in Tripadvisor by 56.5% in the first quarter. Raymond James & Associates now owns 16,107 shares of the travel company’s stock valued at $437,000 after acquiring an additional 5,813 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Tripadvisor by 435.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 60,450 shares of the travel company’s stock worth $1,639,000 after buying an additional 49,157 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Tripadvisor during the 1st quarter worth approximately $899,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of Tripadvisor by 39.1% during the 1st quarter. MetLife Investment Management LLC now owns 66,790 shares of the travel company’s stock worth $1,811,000 after buying an additional 18,789 shares in the last quarter. 95.69% of the stock is currently owned by institutional investors and hedge funds.
Tripadvisor Stock Down 2.8 %
Shares of NASDAQ TRIP opened at $23.93 on Friday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $3.36 billion, a PE ratio of -341.86, a price-to-earnings-growth ratio of 1.20 and a beta of 1.35. Tripadvisor has a 12-month low of $16.87 and a 12-month high of $30.48. The stock’s fifty day simple moving average is $20.08 and its two-hundred day simple moving average is $21.91.
Tripadvisor (NASDAQ:TRIP – Get Rating) last issued its quarterly earnings results on Monday, November 7th. The travel company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The firm had revenue of $459.00 million for the quarter, compared to analyst estimates of $445.19 million. Tripadvisor had a negative return on equity of 0.86% and a negative net margin of 0.51%. As a group, analysts expect that Tripadvisor will post 0.02 EPS for the current fiscal year.
About Tripadvisor
TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. It operates through the following segments: Hotels, Media & Platform, and Experiences & Dining. The Hotels, Media and Platform segment provides contextually-relevant booking links to travel partners on websites.