Tripadvisor (NASDAQ:TRIP) Stock Price Down 9.4% on Disappointing Earnings

Tripadvisor, Inc. (NASDAQ:TRIP)’s share price traded down 9.4% on Thursday following a dissappointing earnings announcement. The stock traded as low as $16.03 and last traded at $16.05. 1,715,871 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 2,457,725 shares. The stock had previously closed at $17.70.

The travel company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRIP. Wedbush reissued a “neutral” rating and set a $17.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. DA Davidson reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. B. Riley lifted their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. TD Cowen lifted their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald lowered their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Hedge Funds Weigh In On Tripadvisor

A number of institutional investors have recently modified their holdings of TRIP. Pacer Advisors Inc. boosted its position in shares of Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after purchasing an additional 3,173,817 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Tripadvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock valued at $65,172,000 after acquiring an additional 2,833,528 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Tripadvisor by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock valued at $49,694,000 after acquiring an additional 962,262 shares during the last quarter. River Road Asset Management LLC increased its stake in shares of Tripadvisor by 33.3% during the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after acquiring an additional 917,689 shares during the last quarter. Finally, Toronado Partners LLC purchased a new stake in shares of Tripadvisor during the 4th quarter worth about $10,533,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Tripadvisor Stock Down 8.6 %

The firm has a market cap of $2.25 billion, a PE ratio of 69.59, a PEG ratio of 9.63 and a beta of 1.34. The stock has a fifty day moving average price of $15.90 and a 200-day moving average price of $14.99. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85.

Tripadvisor Company Profile

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.