Tripadvisor (NASDAQ:TRIP) Cut to Hold at StockNews.com

StockNews.com lowered shares of Tripadvisor (NASDAQ:TRIP) from a buy rating to a hold rating in a research note released on Wednesday morning.

Several other research analysts have also issued reports on TRIP. Wedbush restated a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. DA Davidson restated a “neutral” rating and issued a $16.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Cantor Fitzgerald cut their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, November 7th. Truist Financial cut their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Finally, B. Riley lifted their price target on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.50.

Tripadvisor Stock Performance

Shares of TRIP stock opened at $14.99 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85. Tripadvisor has a 12-month low of $12.93 and a 12-month high of $28.76. The business has a 50 day simple moving average of $14.53 and a 200 day simple moving average of $15.23. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 65.18, a price-to-earnings-growth ratio of 9.35 and a beta of 1.33.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. During the same quarter in the previous year, the business earned $0.35 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that Tripadvisor will post 0.37 EPS for the current year.

Institutional Investors Weigh In On Tripadvisor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tripadvisor by 28.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,487 shares of the travel company’s stock worth $472,000 after acquiring an additional 5,802 shares in the last quarter. Versor Investments LP raised its stake in shares of Tripadvisor by 111.3% during the 2nd quarter. Versor Investments LP now owns 17,433 shares of the travel company’s stock valued at $310,000 after purchasing an additional 9,184 shares during the period. Rhumbline Advisers lifted its holdings in shares of Tripadvisor by 8.1% in the second quarter. Rhumbline Advisers now owns 278,067 shares of the travel company’s stock worth $4,952,000 after buying an additional 20,776 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Tripadvisor by 214.8% in the 2nd quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock worth $3,138,000 after purchasing an additional 120,209 shares in the last quarter. Finally, X Square Capital LLC purchased a new position in shares of Tripadvisor during the 2nd quarter valued at $178,000. 98.99% of the stock is 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.