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

TripAdvisor, Inc. (NASDAQ:TRIP) has been given a consensus rating of “Reduce” by the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $16.25.

TRIP has been the subject of several recent research reports. Mizuho set a $17.00 price target on shares of TripAdvisor and gave the company a “neutral” rating in a report on Friday, November 14th. Barclays cut their price target on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. Weiss Ratings restated a “sell (d+)” rating on shares of TripAdvisor in a research note on Monday, December 15th. B. Riley cut their target price on TripAdvisor from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, Wall Street Zen downgraded shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st.

TripAdvisor Price Performance

TripAdvisor stock opened at $13.87 on Friday. TripAdvisor has a 1 year low of $10.43 and a 1 year high of $20.16. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.67 and a beta of 1.01. The firm has a 50-day moving average of $15.29 and a two-hundred day moving average of $16.06. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.33 and a quick ratio of 1.33.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $553.00 million for the quarter, compared to the consensus estimate of $562.92 million. TripAdvisor had a return on equity of 14.77% and a net margin of 4.23%.TripAdvisor’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. On average, research analysts forecast that TripAdvisor will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On TripAdvisor

Several institutional investors have recently added to or reduced their stakes in the business. Certares Management LLC raised its position 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 valued at $62,011,000 after purchasing an additional 3,037,959 shares during the last quarter. Federated Hermes Inc. raised its stake in TripAdvisor by 375.4% in the 2nd quarter. Federated Hermes Inc. now owns 2,137,374 shares of the travel company’s stock worth $27,893,000 after acquiring an additional 1,687,816 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in TripAdvisor during the 3rd quarter worth about $26,848,000. Royal Bank of Canada grew its stake in TripAdvisor by 82,306.8% during the 1st quarter. Royal Bank of Canada now owns 1,528,647 shares of the travel company’s stock valued at $21,661,000 after purchasing an additional 1,526,792 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of TripAdvisor by 24.2% during the third quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock worth $120,585,000 after purchasing an additional 1,445,607 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.