Tripadvisor (NASDAQ:TRIP) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Tripadvisor (NASDAQ:TRIP) from a hold rating to a buy rating in a report issued on Friday.

Several other brokerages have also commented on TRIP. The Goldman Sachs Group cut their price target on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Truist Financial decreased their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. TD Cowen boosted their price objective on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Wedbush restated a “neutral” rating and issued a $17.00 target price (up previously from $16.00) on shares of Tripadvisor in a research report on Thursday, November 7th. Finally, DA Davidson dropped their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.33.

Tripadvisor Price Performance

NASDAQ:TRIP opened at $14.33 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85. The company has a 50 day moving average price of $14.79 and a 200-day moving average price of $15.78. Tripadvisor has a 1-year low of $12.93 and a 1-year high of $28.76. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 62.31, a price-to-earnings-growth ratio of 10.17 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. Equities research analysts forecast that Tripadvisor will post 0.36 EPS for the current year.

Institutional Investors Weigh In On Tripadvisor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in shares of Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after purchasing an additional 846 shares during the period. Louisiana State Employees Retirement System boosted its stake in Tripadvisor by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock worth $974,000 after buying an additional 1,200 shares during the period. KBC Group NV increased its position in shares of Tripadvisor by 65.3% during the third quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after acquiring an additional 1,777 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Tripadvisor in the 3rd quarter valued at approximately $27,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Tripadvisor in the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.