By otakuyassine3@gmail.com 
StockNews.com cut shares of Tripadvisor (NASDAQ:TRIP – Free Report) from a buy rating to a hold rating in a report released on Saturday.
A number of other research firms have also recently weighed in on TRIP. Citigroup lowered their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. TD Cowen upped their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Truist Financial reduced their price target on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. UBS Group dropped their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Wedbush reaffirmed a “neutral” rating and set a $17.00 price target (up from $16.00) on shares of Tripadvisor in a report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.33.
View Our Latest Stock Analysis on TRIP
Tripadvisor Price Performance
NASDAQ:TRIP opened at $13.76 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock has a 50 day moving average of $14.73 and a two-hundred day moving average of $15.58. The firm has a market cap of $1.92 billion, a P/E ratio of 59.83, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76.
Tripadvisor (NASDAQ:TRIP – Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. Tripadvisor’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. On average, analysts expect that Tripadvisor will post 0.37 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of TRIP. Virtu Financial LLC purchased a new position in Tripadvisor during the third quarter worth about $201,000. Geode Capital Management LLC boosted its stake in shares of Tripadvisor by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company’s stock worth $26,421,000 after acquiring an additional 18,059 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Tripadvisor by 7.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,534 shares of the travel company’s stock valued at $761,000 after purchasing an additional 3,604 shares in the last quarter. XTX Topco Ltd acquired a new stake in Tripadvisor in the third quarter valued at $208,000. Finally, National Bank of Canada FI increased its position in shares of Tripadvisor by 31.2% in the third quarter. National Bank of Canada FI now owns 59,455 shares of the travel company’s stock valued at $862,000 after buying an additional 14,129 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.
Tripadvisor Company Profile
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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