Tripadvisor, Inc. (NASDAQ:TRIP) Receives Consensus Rating of “Hold” from Analysts

Tripadvisor, Inc. (NASDAQ:TRIP) has received a consensus rating of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $18.33.

Several brokerages recently weighed in on TRIP. BTIG Research dropped their target price on Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Cantor Fitzgerald restated an “underweight” rating and issued a $12.00 target price on shares of Tripadvisor in a research note on Monday. The Goldman Sachs Group lowered their target price on Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. B. Riley downgraded shares of Tripadvisor from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $26.00 to $19.00 in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th.

Tripadvisor Trading Down 1.7 %

Shares of NASDAQ TRIP opened at $14.27 on Friday. The firm has a market cap of $1.98 billion, a PE ratio of 95.14, a price-to-earnings-growth ratio of 2.22 and a beta of 1.39. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. Tripadvisor has a twelve month low of $12.93 and a twelve month high of $28.76. The business has a fifty day simple moving average of $14.66 and a two-hundred day simple moving average of $19.13.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The firm had revenue of $497.00 million during the quarter, compared to analyst estimates of $504.76 million. During the same period in the previous year, the company posted $0.21 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts expect that Tripadvisor will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

A number of institutional investors have recently made changes to their positions in the stock. SYSTM Wealth Solutions LLC raised its position in Tripadvisor by 10.5% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock valued at $126,000 after purchasing an additional 432 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after purchasing an additional 846 shares during the period. Swiss National Bank grew its stake in Tripadvisor by 0.6% in the 1st quarter. Swiss National Bank now owns 210,900 shares of the travel company’s stock valued at $5,861,000 after acquiring an additional 1,200 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Tripadvisor by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock valued at $974,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in Tripadvisor by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 94,621 shares of the travel company’s stock valued at $2,630,000 after acquiring an additional 1,264 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.