Tripadvisor, Inc. (NASDAQ:TRIP - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $12.95, but opened at $14.39. Tripadvisor shares last traded at $14.48, with a volume of 1,436,049 shares traded.
Wall Street Analysts Forecast Growth
TRIP has been the subject of a number of research reports. StockNews.com cut Tripadvisor from a "buy" rating to a "hold" rating in a report on Saturday, December 14th. B. Riley upped their price objective on Tripadvisor from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. UBS Group dropped their target price on Tripadvisor from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Wedbush reaffirmed a "neutral" rating and set a $17.00 price target on shares of Tripadvisor in a research report on Thursday. Finally, Cantor Fitzgerald dropped their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an "underweight" rating on the stock in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Tripadvisor has a consensus rating of "Hold" and a consensus price target of $18.33.
Get Our Latest Analysis on TRIP
Tripadvisor Stock Performance
The company has a market cap of $1.94 billion, a PE ratio of 60.39, a PEG ratio of 9.35 and a beta of 1.36. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The business's 50 day moving average is $14.66 and its two-hundred day moving average is $15.51.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The business had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. During the same period in the previous year, the business earned $0.35 earnings per share. The business's revenue was down .2% on a year-over-year basis. On average, equities research analysts anticipate that Tripadvisor, Inc. will post 0.37 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. U S Global Investors Inc. boosted its holdings in shares of Tripadvisor by 71.8% during the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company's stock valued at $21,917,000 after purchasing an additional 632,353 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Tripadvisor by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company's stock valued at $17,378,000 after buying an additional 55,115 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Tripadvisor by 214.8% during the 2nd quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company's stock valued at $3,138,000 after buying an additional 120,209 shares in the last quarter. Boussard & Gavaudan Investment Management LLP bought a new stake in Tripadvisor in the 3rd quarter worth approximately $5,159,000. Finally, Wittenberg Investment Management Inc. purchased a new stake in shares of Tripadvisor during the 3rd quarter worth approximately $1,087,000. 98.99% of the stock is currently owned by 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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