Tripadvisor (NASDAQ:TRIP - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Friday.
Several other research analysts also recently weighed in on TRIP. Cantor Fitzgerald dropped their target price on shares of Tripadvisor from $12.00 to $11.00 and set an "underweight" rating for the company in a report on Thursday. TD Cowen upped their price objective on Tripadvisor from $15.00 to $20.00 and gave the stock a "hold" rating in a research note on Thursday. Truist Financial cut their target price on Tripadvisor from $21.00 to $17.00 and set a "hold" rating for the company in a research report on Wednesday, September 4th. B. Riley boosted their price target on Tripadvisor from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Wedbush reaffirmed a "neutral" rating and set a $17.00 price objective (up from $16.00) on shares of Tripadvisor in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Tripadvisor presently has a consensus rating of "Hold" and a consensus price target of $18.33.
Read Our Latest Stock Analysis on TRIP
Tripadvisor Stock Performance
Tripadvisor stock traded up $0.03 during midday trading on Friday, hitting $15.49. The stock had a trading volume of 2,829,007 shares, compared to its average volume of 2,350,247. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The company has a market capitalization of $2.15 billion, a PE ratio of 67.35, a P/E/G ratio of 11.45 and a beta of 1.37. The firm's fifty day moving average is $14.75 and its two-hundred day moving average is $17.06. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.04.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $497.00 million during the quarter, compared to analyst estimates of $504.76 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.65%. The company's revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. On average, research analysts forecast that Tripadvisor will post 0.38 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Boston Partners purchased a new stake in Tripadvisor during the first quarter valued at approximately $131,887,000. River Road Asset Management LLC increased its position in shares of Tripadvisor by 33.3% during the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company's stock valued at $53,179,000 after purchasing an additional 917,689 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Tripadvisor by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company's stock valued at $48,686,000 after buying an additional 95,138 shares during the period. AQR Capital Management LLC lifted its position in Tripadvisor by 53.0% in the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company's stock worth $41,364,000 after buying an additional 822,712 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its stake in Tripadvisor by 4.9% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company's stock worth $40,822,000 after buying an additional 107,154 shares during the period. Institutional investors own 98.99% of the company's stock.
Tripadvisor Company Profile
(
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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