TripAdvisor (NASDAQ:TRIP) Sets New 52-Week Low – Here’s What Happened

TripAdvisor, Inc. (NASDAQ:TRIP)’s share price hit a new 52-week low on Thursday . The company traded as low as $9.34 and last traded at $9.3250, with a volume of 1638711 shares changing hands. The stock had previously closed at $9.83.

Analyst Ratings Changes

TRIP has been the topic of several research reports. Jefferies Financial Group dropped their price objective on shares of TripAdvisor from $13.00 to $12.50 and set an “underperform” rating on the stock in a report on Thursday, December 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of TripAdvisor in a research report on Monday, December 29th. Cantor Fitzgerald set a $10.00 price target on TripAdvisor and gave the company an “underweight” rating in a research note on Friday, February 13th. Wall Street Zen cut TripAdvisor from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Zacks Research downgraded TripAdvisor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $14.96.

TripAdvisor Price Performance

The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 1.67 and a beta of 0.97. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.33. The company’s 50-day moving average is $12.03 and its 200-day moving average is $14.53.

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

Institutional Trading of TripAdvisor

Large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in TripAdvisor by 29.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company’s stock valued at $1,162,000 after acquiring an additional 18,699 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of TripAdvisor by 1,183.2% during the 1st quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock valued at $85,000 after purchasing an additional 5,916 shares in the last quarter. Empowered Funds LLC grew its position in shares of TripAdvisor by 14.2% in the 1st quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock valued at $191,000 after purchasing an additional 1,676 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in TripAdvisor by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company’s stock worth $4,216,000 after purchasing an additional 22,136 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in TripAdvisor by 11.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,888 shares of the travel company’s stock worth $429,000 after purchasing an additional 3,254 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

TripAdvisor Company Profile

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.