TripAdvisor (NASDAQ:TRIP) Stock Price Down 4.7% – Here’s What Happened

TripAdvisor, Inc. (NASDAQ:TRIP) traded down 4.7% during mid-day trading on Tuesday . The stock traded as low as $10.05 and last traded at $10.1160. 1,064,517 shares traded hands during trading, a decline of 68% from the average session volume of 3,287,833 shares. The stock had previously closed at $10.61.

Wall Street Analyst Weigh In

TRIP has been the subject of several recent analyst reports. Mizuho set a $17.00 target price on shares of TripAdvisor and gave the stock a “neutral” rating in a report on Friday, November 14th. B. Riley Financial cut their price target on shares of TripAdvisor from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Wall Street Zen downgraded shares of TripAdvisor from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Wedbush decreased their price objective on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Finally, BTIG Research lowered their price objective on shares of TripAdvisor from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, TripAdvisor has a consensus rating of “Reduce” and a consensus price target of $14.96.

TripAdvisor Price Performance

The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The stock has a 50-day simple moving average of $12.42 and a 200 day simple moving average of $14.71. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TRIP. Essex Investment Management Co. LLC lifted its position in TripAdvisor by 75.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after buying an additional 656 shares in the last quarter. Covestor Ltd grew its holdings in shares of TripAdvisor by 64.8% during the 3rd quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after acquiring an additional 696 shares in the last quarter. UMB Bank n.a. increased its stake in shares of TripAdvisor by 295.2% in the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after acquiring an additional 1,718 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of TripAdvisor in the fourth quarter worth $33,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of TripAdvisor by 39.7% during the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after acquiring an additional 705 shares in the last quarter. Institutional investors and hedge funds 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.