TripAdvisor (NASDAQ:TRIP) Downgraded to Hold Rating by Zacks Research

TripAdvisor (NASDAQ:TRIP) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other research firms have also recently weighed in on TRIP. DA Davidson decreased their price target on TripAdvisor from $16.25 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday. Barclays decreased their target price on TripAdvisor from $13.00 to $10.00 and set an “underweight” rating for the company in a research report on Friday, February 13th. The Goldman Sachs Group dropped their price target on shares of TripAdvisor from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday. Wall Street Zen cut shares of TripAdvisor from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Wedbush lowered their price objective on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $14.96.

TripAdvisor Trading Up 1.1%

Shares of NASDAQ TRIP opened at $10.57 on Wednesday. The firm’s 50 day moving average price is $13.40 and its 200-day moving average price is $15.32. TripAdvisor has a 52-week low of $9.46 and a 52-week high of $20.16. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.33 and a current ratio of 1.29. The company has a market cap of $1.24 billion, a PE ratio of 35.23, a P/E/G ratio of 1.15 and a beta of 1.01.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, February 12th. The travel company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.11). The firm had revenue of $411.00 million for the quarter, compared to the consensus estimate of $412.53 million. TripAdvisor had a net margin of 2.12% and a return on equity of 10.67%. TripAdvisor’s revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. On average, equities research analysts expect that TripAdvisor will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On TripAdvisor

A number of hedge funds have recently modified their holdings of TRIP. Invesco Ltd. raised its holdings in TripAdvisor by 0.6% in the 4th quarter. Invesco Ltd. now owns 1,052,760 shares of the travel company’s stock worth $15,328,000 after purchasing an additional 6,053 shares during the period. Corient Private Wealth LLC bought a new stake in TripAdvisor during the fourth quarter valued at about $181,000. DCM Advisors LLC increased its position in TripAdvisor by 668.9% in the fourth quarter. DCM Advisors LLC now owns 355,612 shares of the travel company’s stock worth $5,178,000 after buying an additional 309,362 shares in the last quarter. Empowered Funds LLC raised its stake in shares of TripAdvisor by 603.9% in the fourth quarter. Empowered Funds LLC now owns 132,060 shares of the travel company’s stock worth $1,923,000 after buying an additional 113,300 shares during the period. Finally, XTX Topco Ltd lifted its position in shares of TripAdvisor by 65.8% during the 4th quarter. XTX Topco Ltd now owns 36,439 shares of the travel company’s stock valued at $531,000 after buying an additional 14,458 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.