Tripadvisor, Inc. (NASDAQ:TRIP - Get Free Report)'s stock price reached a new 52-week low on Thursday . The stock traded as low as $10.43 and last traded at $12.61, with a volume of 4752326 shares trading hands. The stock had previously closed at $10.67.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on TRIP. B. Riley dropped their price target on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. UBS Group reissued a "neutral" rating on shares of Tripadvisor in a report on Tuesday, February 4th. StockNews.com raised shares of Tripadvisor from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their price objective on shares of Tripadvisor from $15.00 to $11.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $16.00 price target on shares of Tripadvisor in a report on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $17.29.
Check Out Our Latest Research Report on TRIP
Tripadvisor Trading Up 0.6 %
The stock has a market capitalization of $1.65 billion, a P/E ratio of 588.04, a P/E/G ratio of 9.01 and a beta of 1.25. The stock's 50 day moving average price is $14.59 and its 200-day moving average price is $14.88. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The business had revenue of $411.00 million for the quarter, compared to analysts' expectations of $400.02 million. As a group, equities research analysts expect that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.
Institutional Investors Weigh In On Tripadvisor
A number of large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its holdings in shares of Tripadvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company's stock worth $65,172,000 after purchasing an additional 2,833,528 shares during the period. AQR Capital Management LLC boosted its stake in Tripadvisor by 40.1% during the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company's stock worth $49,694,000 after buying an additional 962,262 shares during the period. Toronado Partners LLC purchased a new stake in shares of Tripadvisor in the 4th quarter valued at approximately $10,533,000. Gotham Asset Management LLC increased its holdings in Tripadvisor by 170.6% in the 4th quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company's stock valued at $15,860,000 after purchasing an additional 676,977 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Tripadvisor by 679.5% in the fourth quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company's stock valued at $10,911,000 after purchasing an additional 643,963 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.
About Tripadvisor
(
Get Free Report)
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.
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