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

Tripadvisor, Inc. (NASDAQ:TRIP) has earned an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $18.33.

Several brokerages have weighed in on TRIP. Citigroup dropped their price target 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. Wedbush reissued a “neutral” rating and set a $21.00 price target on shares of Tripadvisor in a research report on Wednesday, August 7th. TD Cowen dropped their target price on shares of Tripadvisor from $25.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, August 22nd. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $12.00 target price on shares of Tripadvisor in a research report on Monday. Finally, BMO Capital Markets dropped their target price on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th.

Institutional Trading of Tripadvisor

A number of large investors have recently made changes to their positions in TRIP. Fifth Third Bancorp grew its stake in shares of Tripadvisor by 104.1% in the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after acquiring an additional 846 shares during the period. Quest Partners LLC grew its stake in shares of Tripadvisor by 14,244.4% in the second 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 period. Gladius Capital Management LP bought a new stake in shares of Tripadvisor in the second quarter worth approximately $79,000. Future Financial Wealth Managment LLC bought a new stake in shares of Tripadvisor in the first quarter worth approximately $83,000. Finally, SYSTM Wealth Solutions LLC grew its stake in shares of Tripadvisor by 10.5% in the first quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock worth $126,000 after acquiring an additional 432 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Trading Down 2.8 %

Shares of TRIP opened at $14.09 on Friday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 93.94, a PEG ratio of 2.22 and a beta of 1.39. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. The firm has a fifty day simple moving average of $14.72 and a two-hundred day simple moving average of $19.16. Tripadvisor has a twelve month low of $12.93 and a twelve month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 EPS. On average, research analysts anticipate that Tripadvisor will post 0.37 EPS for the current year.

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.