Tripadvisor (NASDAQ:TRIP) Shares Down 9.4% on Disappointing Earnings

Tripadvisor, Inc. (NASDAQ:TRIP - Get Free Report)'s share price was down 9.4% during mid-day trading on Thursday following a weaker than expected earnings announcement. The stock traded as low as $16.03 and last traded at $16.05. Approximately 1,715,871 shares traded hands during trading, a decline of 30% from the average daily volume of 2,457,725 shares. The stock had previously closed at $17.70.

The travel company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $411.00 million during the quarter, compared to analyst estimates of $400.02 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%.

Analysts Set New Price Targets

Several analysts recently commented on TRIP shares. StockNews.com lowered Tripadvisor from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. DA Davidson reissued a "neutral" rating and set a $16.00 price objective on shares of Tripadvisor in a report on Thursday. Cantor Fitzgerald lowered their target price on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a report on Friday. UBS Group dropped their target price 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Tripadvisor from $14.00 to $15.00 and gave the company an "underweight" rating in a research report on Friday. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $17.71.

Institutional Trading of Tripadvisor

Hedge funds and other institutional investors have recently modified their holdings of the stock. CSS LLC IL bought a new position in Tripadvisor in the 4th quarter valued at $379,000. Vident Advisory LLC boosted its holdings in Tripadvisor by 22.9% in the fourth quarter. Vident Advisory LLC now owns 164,792 shares of the travel company's stock valued at $2,434,000 after acquiring an additional 30,752 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in Tripadvisor by 150,850.0% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,057 shares of the travel company's stock worth $134,000 after purchasing an additional 9,051 shares during the period. Point72 Asset Management L.P. increased its position in Tripadvisor by 483.9% in the fourth quarter. Point72 Asset Management L.P. now owns 723,904 shares of the travel company's stock worth $10,692,000 after purchasing an additional 599,933 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in Tripadvisor by 177.4% during the 4th quarter. Quantinno Capital Management LP now owns 108,689 shares of the travel company's stock worth $1,605,000 after purchasing an additional 69,508 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Tripadvisor Trading Down 8.4 %

The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 65.70, a P/E/G ratio of 9.66 and a beta of 1.34. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The business's 50-day simple moving average is $15.98 and its 200-day simple moving average is $15.00.

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.