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

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have been assigned an average recommendation of “Hold” from the thirteen analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.27.

A number of equities research analysts have recently commented on the stock. Citigroup started coverage on shares of Tripadvisor in a research note on Wednesday, May 28th. They issued a “neutral” rating and a $16.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on Tripadvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, May 9th. Cantor Fitzgerald dropped their price objective on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. UBS Group upped their target price on Tripadvisor from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Finally, B. Riley decreased their target price on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, March 10th.

Tripadvisor Trading Up 0.2%

NASDAQ TRIP opened at $14.04 on Wednesday. The firm has a market capitalization of $1.99 billion, a PE ratio of 702.35, a price-to-earnings-growth ratio of 9.01 and a beta of 1.27. The business’s 50-day moving average price is $13.25 and its two-hundred day moving average price is $14.49. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. Tripadvisor has a 12 month low of $10.43 and a 12 month high of $18.80.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.05 by $0.09. The business had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $386.94 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 earnings per share. On average, analysts expect that Tripadvisor will post 0.46 EPS for the current year.

Insiders Place Their Bets

In other Tripadvisor news, CEO Almir Ambeskovic sold 16,643 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the completion of the sale, the chief executive officer now owns 15,931 shares in the company, valued at approximately $244,222.23. The trade was a 51.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. LPL Financial LLC raised its holdings in shares of Tripadvisor by 8.7% in the 4th quarter. LPL Financial LLC now owns 12,511 shares of the travel company’s stock worth $185,000 after acquiring an additional 997 shares during the last quarter. First Hawaiian Bank raised its stake in shares of Tripadvisor by 2.9% in the first quarter. First Hawaiian Bank now owns 35,684 shares of the travel company’s stock worth $506,000 after purchasing an additional 1,013 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Tripadvisor by 86.9% in the first quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock worth $43,000 after purchasing an additional 1,420 shares during the last quarter. Blue Trust Inc. lifted its holdings 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 valued at $33,000 after purchasing an additional 1,543 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its position in shares of Tripadvisor by 83.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after buying an additional 1,557 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

About Tripadvisor

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.