Tripadvisor (NASDAQ:TRIP) Lowered to "Hold" Rating by StockNews.com

StockNews.com lowered shares of Tripadvisor (NASDAQ:TRIP - Free Report) from a buy rating to a hold rating in a research note released on Saturday.

A number of other equities research analysts also recently commented on TRIP. UBS Group reduced their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Wedbush restated a "neutral" rating and issued a $17.00 price target (up from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. Truist Financial dropped their price objective on Tripadvisor from $21.00 to $17.00 and set a "hold" rating on the stock in a report on Wednesday, September 4th. B. Riley raised their target price on Tripadvisor from $19.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, Cantor Fitzgerald lowered their price target 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. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tripadvisor presently has an average rating of "Hold" and an average price target of $18.33.

Tripadvisor Stock Performance

Shares of TRIP stock traded up $0.10 during midday trading on Friday, hitting $13.77. The company had a trading volume of 2,032,714 shares, compared to its average volume of 2,284,502. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 59.87, a PEG ratio of 9.68 and a beta of 1.36. 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's 50 day simple moving average is $14.74 and its 200 day simple moving average is $15.62. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company had revenue of $532.00 million for the quarter, compared to analysts' expectations of $527.86 million. During the same period in the previous year, the company posted $0.35 EPS. Tripadvisor's revenue was down .2% compared to the same quarter last year. Research analysts anticipate that Tripadvisor will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

A number of large investors have recently bought and sold shares of the stock. Fifth Third Bancorp lifted its position in shares of Tripadvisor by 104.1% in the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company's stock valued at $30,000 after acquiring an additional 846 shares in the last quarter. True Wealth Design LLC purchased a new position in Tripadvisor in the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new position in Tripadvisor in the 3rd quarter valued at about $28,000. Quest Partners LLC boosted its stake in shares of Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company's stock worth $46,000 after purchasing an additional 2,564 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Tripadvisor during the third quarter worth about $43,000. Institutional investors and hedge funds own 98.99% of the company's stock.

About Tripadvisor

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.