TripAdvisor, Inc. (NASDAQ:TRIP) Receives Consensus Recommendation of “Hold” from Brokerages

TripAdvisor, Inc. (NASDAQ:TRIP) has received a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $17.27.

Several equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 14th. DA Davidson lifted their price target on shares of TripAdvisor from $16.00 to $16.25 and gave the stock a “neutral” rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. boosted their target price on shares of TripAdvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, May 9th. UBS Group boosted their target price on shares of TripAdvisor from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Finally, B. Riley dropped their target price on shares of TripAdvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, March 10th.

Insider Buying and Selling at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 16,643 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $15.33, for a total value of $255,137.19. Following the completion of the sale, the chief executive officer now owns 15,931 shares in the company, valued at $244,222.23. This represents a 51.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On TripAdvisor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tsfg LLC acquired a new position in shares of TripAdvisor during the 1st quarter worth $35,000. Smartleaf Asset Management LLC grew its stake in TripAdvisor by 86.9% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock valued at $43,000 after buying an additional 1,420 shares during the last quarter. Aster Capital Management DIFC Ltd grew its stake in TripAdvisor by 83.8% in the 4th 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. Kayne Anderson Rudnick Investment Management LLC grew its stake in TripAdvisor by 419.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company’s stock valued at $55,000 after buying an additional 3,144 shares during the last quarter. Finally, SRS Capital Advisors Inc. acquired a new position in TripAdvisor in the 4th quarter valued at $71,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

TripAdvisor Stock Up 1.2%

Shares of NASDAQ TRIP opened at $13.06 on Friday. TripAdvisor has a 1 year low of $10.43 and a 1 year high of $18.66. The firm’s 50 day moving average price is $13.70 and its 200 day moving average price is $14.43. The firm has a market cap of $1.85 billion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 2.26 and a beta of 1.32. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.90 and a current ratio of 1.90.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.09. TripAdvisor had a net margin of 2.94% and a return on equity of 10.68%. The business had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. During the same quarter last year, the firm posted $0.12 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that TripAdvisor will post 0.46 earnings per share for the current year.

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.