Tripadvisor (NASDAQ:TRIP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

According to Zacks, “TripAdvisor is witnessing secular growth trends in the online travel space. The company’s improvement in user growth and engagement can be accredited to growth initiatives like Meta search & Instant Booking; and strong focus on developing its mobile products. Expansion into the international restaurant reservation space, solid fundamentals and boosting hotel bookings from partnerships are likely to help the company to achieve desired results. However, increasing investments continue to be a concern. On a 12-month basis, the stock has underperformed the Industry to which it belongs to. Macro headwinds, increasing competition and uncertainty regarding the timeline for recovery of investments remain overhangs.”

TRIP has been the topic of a number of other reports. Deutsche Bank cut their price target on Tripadvisor from $40.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, October 24th. UBS Group restated a “neutral” rating and issued a $43.00 price target on shares of Tripadvisor in a research note on Wednesday, November 8th. Oppenheimer restated a “hold” rating on shares of Tripadvisor in a research note on Sunday, December 17th. Jefferies Group reaffirmed a “sell” rating and set a $35.00 price objective on shares of Tripadvisor in a report on Thursday, September 28th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $33.00 price objective (down previously from $42.00) on shares of Tripadvisor in a report on Wednesday, November 8th. Nine investment analysts have rated the stock with a sell rating and eighteen have given a hold rating to the company’s stock. Tripadvisor presently has a consensus rating of “Hold” and a consensus target price of $39.44.

Shares of Tripadvisor (NASDAQ TRIP) traded down $0.05 during midday trading on Friday, hitting $34.92. The stock had a trading volume of 2,805,000 shares, compared to its average volume of 2,464,100. The firm has a market capitalization of $4,820.00, a PE ratio of 74.30, a P/E/G ratio of 4.13 and a beta of 2.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47. Tripadvisor has a twelve month low of $29.50 and a twelve month high of $53.58.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The business had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $451.27 million. During the same period last year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. sell-side analysts expect that Tripadvisor will post 0.69 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of TRIP. FNY Managed Accounts LLC purchased a new stake in Tripadvisor during the 3rd quarter worth $101,000. Oppenheimer Asset Management Inc. purchased a new stake in Tripadvisor during the 1st quarter worth $113,000. Global X Management Co. LLC boosted its position in Tripadvisor by 60.3% during the 3rd quarter. Global X Management Co. LLC now owns 1,899 shares of the travel company’s stock worth $120,000 after purchasing an additional 714 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in Tripadvisor by 125.9% during the 2nd quarter. Mizuho Asset Management Co. Ltd. now owns 1,875 shares of the travel company’s stock worth $121,000 after purchasing an additional 1,045 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Tripadvisor by 6.7% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock worth $130,000 after purchasing an additional 201 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

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Tripadvisor Company Profile

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

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