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

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) have been assigned an average rating of “Hold” from the sixteen brokerages that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.7643.

Several equities research analysts have commented on the stock. The Goldman Sachs Group dropped their price target on shares of TripAdvisor from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. UBS Group lowered their price objective on shares of TripAdvisor from $16.00 to $13.70 and set a “neutral” rating on the stock in a research note on Monday, April 27th. DA Davidson lowered their price objective on shares of TripAdvisor from $11.00 to $10.50 and set a “neutral” rating on the stock in a research note on Monday, May 18th. B. Riley Financial lowered their price objective on shares of TripAdvisor from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Finally, Wall Street Zen lowered shares of TripAdvisor from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th.

TripAdvisor Price Performance

Shares of NASDAQ:TRIP opened at $12.41 on Friday. The firm’s 50 day moving average is $10.92 and its two-hundred day moving average is $12.01. TripAdvisor has a 52 week low of $9.01 and a 52 week high of $20.16. The firm has a market capitalization of $1.44 billion, a P/E ratio of 124.11, a PEG ratio of 2.44 and a beta of 0.90. 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 (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.08). TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The firm had revenue of $382.40 million during the quarter, compared to analyst estimates of $384.69 million. During the same quarter in the previous year, the business posted $0.14 EPS. TripAdvisor’s revenue for the quarter was down 4.0% compared to the same quarter last year. Analysts anticipate that TripAdvisor will post 0.69 earnings per share for the current year.

Insider Activity at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total transaction of $98,400.00. Following the transaction, the chief executive officer owned 34,396 shares in the company, valued at $423,070.80. This trade represents a 18.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of TripAdvisor by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 12,567,936 shares of the travel company’s stock valued at $182,989,000 after acquiring an additional 721,957 shares during the period. Starboard Value LP increased its stake in shares of TripAdvisor by 1.4% during the fourth quarter. Starboard Value LP now owns 9,644,996 shares of the travel company’s stock valued at $140,431,000 after acquiring an additional 134,512 shares during the period. Ameriprise Financial Inc. increased its stake 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 valued at $120,585,000 after acquiring an additional 1,445,607 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of TripAdvisor by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,973,534 shares of the travel company’s stock valued at $42,356,000 after acquiring an additional 210,591 shares during the period. Finally, River Road Asset Management LLC increased its stake in shares of TripAdvisor by 1.7% during the fourth quarter. River Road Asset Management LLC now owns 3,448,718 shares of the travel company’s stock valued at $50,213,000 after acquiring an additional 56,159 shares during the period. 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.