TripAdvisor, Inc. (NASDAQ:TRIP) Receives Average Recommendation of “Reduce” from Brokerages

TripAdvisor, Inc. (NASDAQ:TRIP) has been given an average recommendation of “Reduce” by the sixteen analysts that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $14.2643.

TRIP has been the topic of several analyst reports. DA Davidson dropped their price target on shares of TripAdvisor from $11.00 to $10.50 and set a “neutral” rating on the stock in a research report on Monday. BTIG Research restated a “buy” rating and set a $15.00 price target on shares of TripAdvisor in a research report on Thursday, May 7th. Barclays dropped their price target on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Monday, May 11th. Wall Street Zen lowered shares of TripAdvisor from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of TripAdvisor in a research report on Friday.

TripAdvisor Trading Down 2.4%

Shares of TripAdvisor stock opened at $9.30 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.36. TripAdvisor has a 12-month low of $9.01 and a 12-month high of $20.16. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 93.01, a PEG ratio of 1.75 and a beta of 0.91. The firm’s 50 day simple moving average is $10.42 and its two-hundred day simple moving average is $12.48.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The business had revenue of $382.40 million during the quarter, compared to analysts’ expectations of $384.69 million. TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. Analysts predict that TripAdvisor will post 0.74 EPS for the current year.

Hedge Funds Weigh In On TripAdvisor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TRIP. Essex Investment Management Co. LLC lifted its stake in shares of TripAdvisor by 75.7% in 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 lifted its stake in shares of TripAdvisor by 64.8% in the third quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock worth $29,000 after buying an additional 696 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of TripAdvisor by 295.2% in the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after buying an additional 1,718 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of TripAdvisor in the fourth quarter worth about $33,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of TripAdvisor by 192.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock worth $40,000 after buying an additional 1,821 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

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.