Tripadvisor (NASDAQ:TRIP) Stock Price Up 4% – Should You Buy?

Tripadvisor, Inc. (NASDAQ:TRIP) traded up 4% during trading on Thursday . The stock traded as high as $16.17 and last traded at $16.38. 223,497 shares were traded during trading, a decline of 90% from the average session volume of 2,202,638 shares. The stock had previously closed at $15.74.

Analyst Ratings Changes

Several research analysts have weighed in on TRIP shares. Wedbush reaffirmed a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. TD Cowen upped their price target on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Cantor Fitzgerald decreased their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, November 7th. B. Riley boosted their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, DA Davidson reiterated a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.50.

Tripadvisor Stock Performance

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 stock’s 50-day simple moving average is $14.42 and its 200-day simple moving average is $14.99. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 74.76, a price-to-earnings-growth ratio of 8.68 and a beta of 1.33.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned $0.35 EPS. Analysts forecast that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Hedge funds and other institutional investors have recently made changes to their positions in the company. True Wealth Design LLC bought a new position in Tripadvisor in the third quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new position in shares of Tripadvisor in the 3rd quarter valued at $28,000. Blue Trust Inc. raised its holdings in shares of Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after buying an additional 1,543 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Tripadvisor during the 3rd quarter worth $43,000. Finally, GAMMA Investing LLC boosted 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 in the last quarter. 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.