TripAdvisor (NASDAQ:TRIP – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
Other research analysts have also recently issued research reports about the company. B. Riley boosted their price target on TripAdvisor from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, August 11th. DA Davidson set a $16.25 price target on TripAdvisor in a report on Tuesday, July 8th. Weiss Ratings restated a “hold (c-)” rating on shares of TripAdvisor in a research note on Thursday. UBS Group restated a “neutral” rating on shares of TripAdvisor in a research note on Sunday, August 10th. Finally, Bank of America began coverage on shares of TripAdvisor in a research note on Monday, July 14th. They issued a “neutral” rating and a $19.00 price objective on the stock. Eight analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $17.03.
Check Out Our Latest Report on TripAdvisor
TripAdvisor Trading Down 0.8%
TripAdvisor (NASDAQ:TRIP – Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The travel company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The firm had revenue of $529.00 million during the quarter, compared to the consensus estimate of $529.91 million. During the same quarter last year, the company posted $0.39 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. TripAdvisor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that TripAdvisor will post 0.46 EPS for the current year.
Insider Activity
In other TripAdvisor news, insider Seth J. Kalvert sold 10,880 shares of TripAdvisor stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $218,035.20. Following the completion of the sale, the insider owned 136,914 shares of the company’s stock, valued at approximately $2,743,756.56. The trade was a 7.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.10% of the company’s stock.
Institutional Investors Weigh In On TripAdvisor
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRIP. Certares Management LLC grew its position in shares of TripAdvisor by 177.3% during the 2nd quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock valued at $62,011,000 after acquiring an additional 3,037,959 shares during the period. Nuveen LLC acquired a new position in TripAdvisor in the 1st quarter worth about $32,536,000. Federated Hermes Inc. boosted its position in TripAdvisor by 375.4% during the second quarter. Federated Hermes Inc. now owns 2,137,374 shares of the travel company’s stock worth $27,893,000 after purchasing an additional 1,687,816 shares in the last quarter. Royal Bank of Canada boosted its position in TripAdvisor by 82,306.8% during the first quarter. Royal Bank of Canada now owns 1,528,647 shares of the travel company’s stock worth $21,661,000 after purchasing an additional 1,526,792 shares in the last quarter. Finally, Palliser Capital UK Ltd acquired a new stake in TripAdvisor in the second quarter valued at approximately $16,192,000. 98.99% of the stock is 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.
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