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

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) have been given a consensus recommendation of “Reduce” by the fourteen research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $16.0625.

TRIP has been the topic of a number of recent analyst reports. Cantor Fitzgerald decreased their target price on shares of TripAdvisor from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, January 8th. Weiss Ratings restated a “sell (d+)” rating on shares of TripAdvisor in a research report on Monday, December 29th. UBS Group lowered their target price on shares of TripAdvisor from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Jefferies Financial Group cut their price target on TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a research note on Thursday, December 11th. Finally, Mizuho set a $17.00 price target on TripAdvisor and gave the company a “neutral” rating in a report on Friday, November 14th.

TripAdvisor Trading Up 2.7%

TripAdvisor stock opened at $12.77 on Monday. TripAdvisor has a 12 month low of $10.43 and a 12 month high of $20.16. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 1.26 and a beta of 1.01. The business’s fifty day simple moving average is $14.17 and its two-hundred day simple moving average is $15.70. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.21.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. TripAdvisor had a net margin of 4.23% and a return on equity of 14.77%. The company had revenue of $553.00 million for the quarter, compared to the consensus estimate of $562.92 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that TripAdvisor will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TripAdvisor

Institutional investors have recently added to or reduced their stakes in the company. Certares Management LLC boosted its holdings in shares of TripAdvisor by 177.3% in the 2nd quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock worth $62,011,000 after purchasing an additional 3,037,959 shares during the period. Federated Hermes Inc. boosted its stake 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 buying an additional 1,687,816 shares during the period. Alyeska Investment Group L.P. bought a new position in TripAdvisor during the third quarter valued at $26,848,000. Ameriprise Financial Inc. raised its stake in shares of TripAdvisor by 24.2% in the third quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock valued at $120,585,000 after acquiring an additional 1,445,607 shares during the period. Finally, Palliser Capital UK Ltd bought a new stake in shares of TripAdvisor in the 2nd quarter worth about $16,192,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.