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

TripAdvisor, Inc. (NASDAQ:TRIP) has earned a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $15.1929.

Several brokerages recently issued reports on TRIP. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TripAdvisor in a research note on Friday, May 15th. Wedbush upped their price target on TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Tuesday, June 16th. DA Davidson increased their price target on TripAdvisor from $10.50 to $15.50 and gave the company a “neutral” rating in a report on Monday, June 15th. UBS Group reduced their price objective on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating on the stock in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. lowered their price objective on TripAdvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Friday, May 8th.

TripAdvisor Trading Down 3.7%

Shares of TRIP opened at $13.21 on Thursday. TripAdvisor has a 52-week low of $9.01 and a 52-week high of $20.16. The stock has a market cap of $1.54 billion, a PE ratio of 132.11, a price-to-earnings-growth ratio of 2.69 and a beta of 0.86. The firm’s fifty day moving average is $11.69 and its two-hundred day moving average is $11.77. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.36.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The business had revenue of $382.40 million during the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. TripAdvisor’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. Research analysts forecast that TripAdvisor will post 0.69 earnings per share for the current fiscal year.

Insider Buying and Selling at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total value of $98,400.00. Following the completion of the sale, the chief executive officer owned 34,396 shares of the company’s stock, valued at approximately $423,070.80. This represents a 18.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On TripAdvisor

Several institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in TripAdvisor by 295.2% in the 4th quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock valued at $33,000 after purchasing an additional 1,718 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of TripAdvisor during the 4th quarter worth approximately $33,000. Rockefeller Capital Management L.P. increased its holdings in shares of TripAdvisor by 192.5% during the 4th 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 during the last quarter. Tower Research Capital LLC TRC raised its position in shares of TripAdvisor by 308.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock valued at $53,000 after buying an additional 3,078 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of TripAdvisor during the 3rd quarter valued at approximately $58,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.