TripAdvisor (NASDAQ:TRIP) Stock Rating Lowered by Wall Street Zen

TripAdvisor (NASDAQ:TRIPGet Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other brokerages have also issued reports on TRIP. BTIG Research cut their target price on shares of TripAdvisor from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday. Cantor Fitzgerald set a $10.00 target price on TripAdvisor and gave the stock an “underweight” rating in a report on Friday. Jefferies Financial Group decreased their target price on TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a research report on Thursday, December 11th. The Goldman Sachs Group reissued a “neutral” rating on shares of TripAdvisor in a research report on Friday. Finally, UBS Group reduced their price objective on TripAdvisor from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $15.21.

Check Out Our Latest Stock Report on TRIP

TripAdvisor Stock Performance

TripAdvisor stock opened at $9.61 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.33 and a debt-to-equity ratio of 1.33. The stock has a 50 day moving average of $13.80 and a 200-day moving average of $15.48. The stock has a market cap of $1.12 billion, a P/E ratio of 32.03, a price-to-earnings-growth ratio of 0.83 and a beta of 1.01. TripAdvisor has a 52 week low of $9.46 and a 52 week high of $20.16.

TripAdvisor (NASDAQ:TRIPGet Free Report) last posted its quarterly earnings results on Thursday, February 12th. The travel company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.11). TripAdvisor had a net margin of 2.12% and a return on equity of 10.67%. The company had revenue of $411.00 million during the quarter, compared to analyst estimates of $412.53 million. During the same period in the prior year, the company earned $0.30 earnings per share. The company’s revenue was up .0% on a year-over-year basis. On average, analysts expect that TripAdvisor will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On TripAdvisor

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of TripAdvisor by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 12,567,936 shares of the travel company’s stock worth $182,989,000 after buying an additional 721,957 shares during the period. Ameriprise Financial Inc. boosted its position in TripAdvisor by 24.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock worth $120,585,000 after acquiring an additional 1,445,607 shares during the period. Certares Management LLC boosted its position in TripAdvisor by 177.3% during the 2nd quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock worth $62,011,000 after acquiring an additional 3,037,959 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of TripAdvisor by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,762,943 shares of the travel company’s stock worth $54,790,000 after purchasing an additional 216,862 shares in the last quarter. Finally, Nuveen LLC increased its holdings in shares of TripAdvisor by 40.1% during the fourth quarter. Nuveen LLC now owns 3,355,310 shares of the travel company’s stock valued at $48,853,000 after purchasing an additional 961,121 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

More TripAdvisor News

Here are the key news stories impacting TripAdvisor this week:

TripAdvisor Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

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