TripAdvisor, Inc. (NASDAQ:TRIP) Given Consensus Recommendation of “Reduce” by Brokerages

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

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of TripAdvisor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TripAdvisor in a research report on Monday, December 29th. DA Davidson lowered their target price on TripAdvisor from $16.25 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. The Goldman Sachs Group cut their target price on TripAdvisor from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Finally, Jefferies Financial Group decreased their price target on TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a research note on Thursday, December 11th.

TripAdvisor Price Performance

Shares of NASDAQ TRIP opened at $10.50 on Friday. TripAdvisor has a 1-year low of $9.46 and a 1-year high of $20.16. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.29 and a quick ratio of 1.29. The business’s fifty day moving average price is $12.56 and its two-hundred day moving average price is $14.83. The firm has a market capitalization of $1.20 billion, a PE ratio of 35.00, a P/E/G ratio of 1.63 and a beta of 0.97.

TripAdvisor (NASDAQ:TRIP) last announced 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). The firm had revenue of $411.00 million for the quarter, compared to analyst estimates of $412.53 million. TripAdvisor had a net margin of 2.12% and a return on equity of 10.67%. The business’s revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. On average, research analysts expect that TripAdvisor will post 0.46 EPS for the current year.

Hedge Funds Weigh In On TripAdvisor

Large investors have recently bought and sold shares of the stock. Essex Investment Management Co. LLC boosted its holdings in TripAdvisor by 75.7% during the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after buying an additional 656 shares in the last quarter. Covestor Ltd boosted its stake in shares of TripAdvisor by 64.8% during the 3rd quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock worth $29,000 after acquiring an additional 696 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of TripAdvisor in the 4th quarter worth $33,000. UMB Bank n.a. raised its position in shares of 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 purchasing an additional 1,718 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of TripAdvisor by 39.7% during the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after purchasing an additional 705 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

About TripAdvisor

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.