Tripadvisor (NASDAQ:TRIP) Hits New 1-Year Low at $13.26

Tripadvisor, Inc. (NASDAQ:TRIP) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $13.26 and last traded at $13.30, with a volume of 139214 shares changing hands. The stock had previously closed at $13.61.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TRIP. UBS Group reduced their target price on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Truist Financial reduced their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. DA Davidson reduced their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Cantor Fitzgerald assumed coverage on Tripadvisor in a report on Thursday, September 5th. They set an “underweight” rating and a $12.00 price objective for the company. Finally, Wedbush reiterated a “neutral” rating and set a $21.00 price objective on shares of Tripadvisor in a report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tripadvisor presently has a consensus rating of “Hold” and an average target price of $19.13.

Tripadvisor Stock Up 0.8 %

The company has a debt-to-equity ratio of 1.04, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $1.86 billion, a P/E ratio of 88.87, a price-to-earnings-growth ratio of 1.79 and a beta of 1.39. The firm has a 50 day moving average of $15.72 and a 200-day moving average of $20.45.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The firm had revenue of $497.00 million for the quarter, compared to analyst estimates of $504.76 million. During the same period in the previous year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts expect that Tripadvisor, Inc. will post 0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its holdings in Tripadvisor by 104.1% during the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after purchasing an additional 846 shares in the last quarter. Quest Partners LLC boosted its holdings in Tripadvisor by 14,244.4% during the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after purchasing an additional 2,564 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Tripadvisor by 52.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock valued at $54,000 after purchasing an additional 861 shares in the last quarter. Gladius Capital Management LP acquired a new stake in Tripadvisor during the second quarter valued at approximately $79,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in Tripadvisor during the first quarter valued at approximately $83,000. 98.99% of the stock is owned by institutional investors and hedge funds.

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.