Tripadvisor, Inc. (NASDAQ:TRIP) Receives Average Rating of “Hold” from Brokerages

Tripadvisor, Inc. (NASDAQ:TRIP) has earned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $18.33.

Several research analysts have weighed in on TRIP shares. B. Riley upped their price objective on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Truist Financial reduced their price target 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. Wedbush reaffirmed 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. Citigroup reduced their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Finally, UBS Group reduced their price objective on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th.

Tripadvisor Stock Performance

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

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS. Equities research analysts forecast that Tripadvisor will post 0.37 EPS for the current fiscal year.

Institutional Trading of Tripadvisor

Institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp grew its position in shares of Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after purchasing an additional 846 shares in the last quarter. True Wealth Design LLC bought a new stake in Tripadvisor during the third quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in Tripadvisor during the third quarter worth about $28,000. Quest Partners LLC increased its stake in Tripadvisor by 14,244.4% in the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after acquiring an additional 2,564 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Tripadvisor in the 3rd quarter valued at about $43,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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.