Zacks Investment Research lowered shares of Tripadvisor (NASDAQ:TRIP) from a hold rating to a sell rating in a research note issued to investors on Friday.

According to Zacks, “TripAdvisor is witnessing secular growth trends in the online travel space. The company’s improvement in user growth and engagement can be accredited to growth initiatives like Meta search & Instant Booking; and strong focus on developing its mobile products. Expansion into the international restaurant reservation space, solid fundamentals and boosting hotel bookings from partnerships are likely to help the company to achieve desired results. However, increasing investments continue to be a concern. On a 12-month basis, the stock has underperformed the Industry to which it belongs to. Macro headwinds, increasing competition and uncertainty regarding the timeline for recovery of investments remain overhangs.”

TRIP has been the subject of a number of other research reports. Deutsche Bank decreased their price objective on shares of Tripadvisor from $40.00 to $37.00 and set a hold rating for the company in a research report on Tuesday, October 24th. UBS Group reissued a neutral rating and issued a $43.00 price objective on shares of Tripadvisor in a research report on Wednesday, November 8th. Oppenheimer reissued a hold rating on shares of Tripadvisor in a research report on Sunday, December 17th. Jefferies Group reissued a sell rating and issued a $35.00 price objective on shares of Tripadvisor in a research report on Thursday, September 28th. Finally, Wells Fargo & Co reissued a market perform rating and issued a $33.00 price objective (down previously from $42.00) on shares of Tripadvisor in a research report on Wednesday, November 8th. Nine research analysts have rated the stock with a sell rating and eighteen have given a hold rating to the stock. Tripadvisor has an average rating of Hold and an average target price of $39.44.

Tripadvisor (NASDAQ:TRIP) traded down $0.19 during trading on Friday, reaching $34.73. 1,763,500 shares of the company were exchanged, compared to its average volume of 2,289,025. The company has a market capitalization of $4,820.00, a P/E ratio of 73.89, a P/E/G ratio of 4.11 and a beta of 2.33. Tripadvisor has a 1-year low of $29.50 and a 1-year high of $53.58. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $451.27 million. During the same quarter last year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. analysts predict that Tripadvisor will post 0.69 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in TRIP. FNY Managed Accounts LLC bought a new stake in shares of Tripadvisor during the 3rd quarter worth about $101,000. D.A. Davidson & CO. boosted its holdings in shares of Tripadvisor by 957.0% during the 3rd quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock worth $229,000 after buying an additional 5,120 shares during the period. BlueMountain Capital Management LLC bought a new stake in shares of Tripadvisor during the 2nd quarter worth about $242,000. Westfield Capital Management Co. LP bought a new stake in shares of Tripadvisor during the 2nd quarter worth about $252,000. Finally, Flinton Capital Management LLC boosted its holdings in shares of Tripadvisor by 12.9% during the 2nd quarter. Flinton Capital Management LLC now owns 7,008 shares of the travel company’s stock worth $268,000 after buying an additional 800 shares during the period. 88.71% of the stock is owned by institutional investors and hedge funds.

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Tripadvisor Company Profile

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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