TripAdvisor (NASDAQ:TRIP) Upgraded by Mizuho to Hold Rating

TripAdvisor (NASDAQ:TRIP) was upgraded by equities research analysts at Mizuho from a “strong sell” rating to a “hold” rating in a report issued on Friday, MarketBeat.com reports.

A number of other equities research analysts have also commented on TRIP. Weiss Ratings lowered TripAdvisor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Citigroup raised their price target on shares of TripAdvisor from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. B. Riley dropped their price target on shares of TripAdvisor from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Finally, UBS Group reiterated a “neutral” rating on shares of TripAdvisor in a research report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $16.66.

TripAdvisor Trading Up 1.2%

TRIP traded up $0.18 during trading on Friday, reaching $14.96. 3,448,663 shares of the company’s stock were exchanged, compared to its average volume of 3,038,886. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.37. TripAdvisor has a one year low of $10.43 and a one year high of $20.16. The firm has a fifty day moving average price of $16.45 and a two-hundred day moving average price of $15.93. The stock has a market capitalization of $1.74 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.49 and a beta of 1.21.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. TripAdvisor had a net margin of 3.53% and a return on equity of 12.40%. The company had revenue of $553.00 million for the quarter, compared to analyst estimates of $562.92 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. TripAdvisor’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts forecast that TripAdvisor will post 0.46 earnings per share for the current fiscal year.

Insider Activity at TripAdvisor

In related news, insider Seth J. Kalvert sold 10,880 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $20.04, for a total value of $218,035.20. Following the sale, the insider owned 136,914 shares in the company, valued at $2,743,756.56. This represents a 7.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TripAdvisor

Several large investors have recently bought and sold shares of TRIP. Essex Investment Management Co. LLC lifted its position in shares of TripAdvisor by 75.7% during 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 increased its position in TripAdvisor by 64.8% in the third quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock worth $29,000 after buying an additional 696 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of TripAdvisor by 39.7% during the 3rd 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 during the period. State of Wyoming purchased a new position in shares of TripAdvisor in the third quarter worth about $60,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of TripAdvisor by 419.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company’s stock valued at $55,000 after buying an additional 3,144 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

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.