Tripadvisor, Inc. (NASDAQ:TRIP) Given Consensus Rating of “Hold” by Brokerages

Tripadvisor, Inc. (NASDAQ:TRIPGet Rating) has received a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $24.64.

TRIP has been the topic of a number of recent analyst reports. Mizuho decreased their target price on Tripadvisor from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 9th. TheStreet raised Tripadvisor from a “d+” rating to a “c-” rating in a research note on Monday, August 29th. Wells Fargo & Company cut their price target on Tripadvisor from $30.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 9th. Cowen cut their price target on Tripadvisor to $24.00 in a research note on Tuesday, November 15th. Finally, Citigroup cut their price target on Tripadvisor from $27.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 9th.

Hedge Funds Weigh In On Tripadvisor

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Tripadvisor by 5.8% in the third quarter. Vanguard Group Inc. now owns 10,271,438 shares of the travel company’s stock worth $226,794,000 after acquiring an additional 563,983 shares during the period. Marshall Wace LLP lifted its stake in Tripadvisor by 64.6% in the third quarter. Marshall Wace LLP now owns 2,873,585 shares of the travel company’s stock valued at $63,449,000 after buying an additional 1,127,336 shares during the period. State Street Corp lifted its stake in Tripadvisor by 2.2% in the third quarter. State Street Corp now owns 2,699,521 shares of the travel company’s stock valued at $59,605,000 after buying an additional 59,118 shares during the period. U S Global Investors Inc. lifted its stake in Tripadvisor by 3.3% in the first quarter. U S Global Investors Inc. now owns 2,468,862 shares of the travel company’s stock valued at $66,956,000 after buying an additional 79,182 shares during the period. Finally, Freshford Capital Management LLC acquired a new position in Tripadvisor in the first quarter valued at approximately $48,129,000. 92.76% of the stock is owned by institutional investors and hedge funds.

Tripadvisor Stock Performance

Tripadvisor stock opened at $19.09 on Tuesday. Tripadvisor has a 12-month low of $16.87 and a 12-month high of $30.48. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.10. The business’s 50-day moving average price is $22.82 and its two-hundred day moving average price is $22.38. The stock has a market cap of $2.68 billion, a PE ratio of -272.71 and a beta of 1.29.

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.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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