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

TripAdvisor, Inc. (NASDAQ:TRIP) has earned a consensus recommendation of “Reduce” from the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $14.9643.

A number of research firms have recently weighed in on TRIP. Zacks Research downgraded shares of TripAdvisor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Cantor Fitzgerald set a $10.00 price objective on shares of TripAdvisor and gave the stock an “underweight” rating in a report on Friday, February 13th. Barclays cut their target price on shares of TripAdvisor from $13.00 to $10.00 and set an “underweight” rating on the stock in a research note on Friday, February 13th. B. Riley Financial decreased their price target on TripAdvisor from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Finally, Wall Street Zen cut TripAdvisor from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th.

TripAdvisor Stock Up 2.3%

Shares of NASDAQ TRIP opened at $10.50 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.29. TripAdvisor has a 1 year low of $9.46 and a 1 year high of $20.16. The stock’s 50-day simple moving average is $12.56 and its 200-day simple moving average is $14.83. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 1.63 and a beta of 0.97.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, February 12th. The travel company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). TripAdvisor had a net margin of 2.12% and a return on equity of 10.67%. The business had revenue of $411.00 million for the quarter, compared to analyst estimates of $412.53 million. During the same quarter last year, the business earned $0.30 EPS. TripAdvisor’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities analysts anticipate that TripAdvisor will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TripAdvisor

Several large investors have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC boosted its holdings in TripAdvisor by 75.7% in the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after purchasing an additional 656 shares during the period. Covestor Ltd grew its position in shares of TripAdvisor by 64.8% during the 3rd quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after buying an additional 696 shares during the last quarter. UMB Bank n.a. raised its stake in TripAdvisor by 295.2% during the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after acquiring an additional 1,718 shares during the period. Kestra Advisory Services LLC bought a new position in TripAdvisor in the fourth quarter worth about $33,000. Finally, Smartleaf Asset Management LLC boosted its stake in TripAdvisor by 39.7% in the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after acquiring an additional 705 shares during the period. 98.99% of the stock is currently owned by institutional investors.

TripAdvisor Company Profile

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.