Tripadvisor (NASDAQ:TRIP) Stock Rating Lowered by Citigroup

Tripadvisor (NASDAQ:TRIPGet Rating) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, April 20th, Marketbeat reports. They currently have a $30.00 target price on the travel company’s stock, down from their previous target price of $39.00. Citigroup’s price target points to a potential upside of 22.20% from the stock’s current price.

Several other equities analysts have also commented on the stock. Mizuho decreased their target price on shares of Tripadvisor from $36.00 to $30.00 in a report on Friday, February 18th. StockNews.com initiated coverage on shares of Tripadvisor in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Credit Suisse Group decreased their target price on shares of Tripadvisor from $36.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, February 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.40.

Shares of TRIP traded down $0.24 during trading hours on Wednesday, hitting $24.55. The company had a trading volume of 2,770,040 shares, compared to its average volume of 2,295,277. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of -22.85 and a beta of 1.35. The business has a fifty day moving average of $25.48 and a 200-day moving average of $27.64. Tripadvisor has a 12 month low of $20.25 and a 12 month high of $47.81. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 1.14.

Tripadvisor (NASDAQ:TRIPGet Rating) last issued its quarterly earnings data on Wednesday, February 16th. The travel company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.10). Tripadvisor had a negative net margin of 16.41% and a negative return on equity of 17.49%. The company had revenue of $241.00 million during the quarter, compared to the consensus estimate of $247.90 million. During the same period in the previous year, the company earned ($0.58) earnings per share. Tripadvisor’s revenue for the quarter was up 107.8% compared to the same quarter last year. On average, equities analysts expect that Tripadvisor will post 0.16 EPS for the current fiscal year.

In other news, Director Gregory B. Maffei purchased 50,000 shares of the company’s stock in a transaction dated Friday, March 4th. The shares were purchased at an average price of $22.38 per share, for a total transaction of $1,119,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.50% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Exane Derivatives bought a new stake in shares of Tripadvisor in the 1st quarter valued at $26,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Tripadvisor by 44.3% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,745 shares of the travel company’s stock valued at $47,000 after acquiring an additional 536 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Tripadvisor in the 3rd quarter valued at $55,000. Future Financial Wealth Managment LLC bought a new stake in shares of Tripadvisor in the 4th quarter valued at $85,000. Finally, Asset Management One Co. Ltd. bought a new stake in Tripadvisor during the 3rd quarter valued at $96,000. Institutional investors own 82.89% of the company’s stock.

About Tripadvisor (Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

Further Reading

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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