Tripadvisor (NASDAQ:TRIP) Cut to Hold at StockNews.com

StockNews.com cut shares of Tripadvisor (NASDAQ:TRIP) from a buy rating to a hold rating in a research note released on Thursday.

A number of other research firms have also commented on TRIP. DA Davidson reaffirmed a “neutral” rating and set a $16.00 target price on shares of Tripadvisor in a report on Thursday, December 19th. Cantor Fitzgerald reduced their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, November 7th. Wedbush reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. Citigroup cut their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Finally, UBS Group lowered their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Tripadvisor presently has an average rating of “Hold” and a consensus target price of $17.50.

Tripadvisor Trading Down 5.8 %

Shares of NASDAQ TRIP opened at $14.20 on Thursday. 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 company has a 50-day moving average of $14.43 and a two-hundred day moving average of $15.11. Tripadvisor has a 1-year low of $12.93 and a 1-year high of $28.76. The company has a market cap of $1.98 billion, a PE ratio of 61.74, a P/E/G ratio of 9.35 and a beta of 1.33.

Tripadvisor (NASDAQ:TRIP) last released its 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. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The company had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $527.86 million. During the same period last year, the firm earned $0.35 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities analysts expect that Tripadvisor will post 0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

A number of large investors have recently modified their holdings of TRIP. True Wealth Design LLC acquired a new position in Tripadvisor during the third quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new stake in Tripadvisor in the third quarter valued at $28,000. Future Financial Wealth Managment LLC bought a new position in shares of Tripadvisor in the 3rd quarter valued at about $43,000. Quest Partners LLC increased its stake in shares of Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after purchasing an additional 2,564 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Tripadvisor by 204.7% in the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after buying an additional 2,469 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.