Tripadvisor, Inc. (NASDAQ:TRIP - Get Free Report) shares shot up 4% on Thursday . The company traded as high as $16.17 and last traded at $16.38. 223,497 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 2,202,638 shares. The stock had previously closed at $15.74.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. DA Davidson reaffirmed a "neutral" rating and set a $16.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. StockNews.com cut Tripadvisor from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Cantor Fitzgerald cut their target price on Tripadvisor from $12.00 to $11.00 and set an "underweight" rating on the stock in a research note on Thursday, November 7th. UBS Group reduced their price target on Tripadvisor from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Finally, B. Riley upped their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $17.50.
Check Out Our Latest Report on TRIP
Tripadvisor Trading Down 1.5 %
The stock has a market capitalization of $2.46 billion, a PE ratio of 76.79, a P/E/G ratio of 8.59 and a beta of 1.33. 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 stock has a 50 day moving average price of $14.56 and a 200-day moving average price of $15.01.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $527.86 million. During the same period in the previous year, the company posted $0.35 EPS. The business's quarterly revenue was down .2% compared to the same quarter last year. Sell-side analysts expect that Tripadvisor, Inc. will post 0.36 earnings per share for the current year.
Hedge Funds Weigh In On Tripadvisor
Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in shares of Tripadvisor by 204.4% in the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock worth $33,000 after purchasing an additional 1,543 shares during the period. KBC Group NV increased its stake in Tripadvisor by 65.3% in the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company's stock worth $65,000 after buying an additional 1,777 shares in the last quarter. True Wealth Design LLC bought a new stake in Tripadvisor during the third quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new position in shares of Tripadvisor in the third quarter valued at about $28,000. Finally, GAMMA Investing LLC boosted its stake in shares of Tripadvisor by 204.7% in the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company's stock worth $54,000 after acquiring an additional 2,469 shares during the period. 98.99% of the stock is 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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