Tripadvisor (NASDAQ:TRIP) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Tripadvisor (NASDAQ:TRIPGet Rating) from a buy rating to a hold rating in a research report report published on Tuesday.

Several other equities research analysts also recently weighed in on the company. Mizuho cut their price target on Tripadvisor from $28.00 to $26.00 and set a neutral rating on the stock in a research report on Monday, August 8th. Ascendiant Capital Markets set a $36.00 price target on Tripadvisor in a research report on Monday, June 20th. Truist Financial cut their price target on Tripadvisor from $57.00 to $44.00 and set a buy rating on the stock in a research report on Thursday, June 23rd. Barclays raised their target price on Tripadvisor to $22.00 in a research report on Monday, August 15th. Finally, Credit Suisse Group dropped their target price on Tripadvisor from $30.00 to $28.00 and set a neutral rating on the stock in a research report on Monday, August 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $28.89.

Tripadvisor Stock Performance

Shares of TRIP stock opened at $26.36 on Tuesday. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of -114.61, a price-to-earnings-growth ratio of 2.05 and a beta of 1.43. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.04 and a quick ratio of 2.04. The business has a fifty day moving average of $20.40 and a 200 day moving average of $23.75. Tripadvisor has a 1 year low of $16.87 and a 1 year high of $39.04.

Tripadvisor (NASDAQ:TRIPGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The travel company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.10. The company had revenue of $417.00 million for the quarter, compared to the consensus estimate of $391.82 million. Tripadvisor had a negative return on equity of 3.27% and a negative net margin of 2.53%. The firm’s revenue for the quarter was up 77.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.26) EPS. As a group, research analysts expect that Tripadvisor will post 0.38 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Ernst 02494 Teunissen sold 15,000 shares of Tripadvisor stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $27.50, for a total value of $412,500.00. Following the sale, the chief financial officer now directly owns 33,523 shares in the company, valued at approximately $921,882.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TRIP. New York State Common Retirement Fund lifted its stake in Tripadvisor by 4.8% in the 4th quarter. New York State Common Retirement Fund now owns 379,540 shares of the travel company’s stock worth $10,346,000 after purchasing an additional 17,453 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of Tripadvisor by 2.1% during the 4th quarter. Mutual of America Capital Management LLC now owns 88,599 shares of the travel company’s stock valued at $2,415,000 after buying an additional 1,836 shares during the period. Advisor Group Holdings Inc. raised its position in shares of Tripadvisor by 72.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 63,285 shares of the travel company’s stock valued at $1,725,000 after buying an additional 26,672 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Tripadvisor by 4.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 11,902 shares of the travel company’s stock valued at $324,000 after buying an additional 478 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Tripadvisor during the 4th quarter valued at approximately $6,270,000. 82.89% of the stock is owned by hedge funds and other institutional investors.

Tripadvisor Company Profile

(Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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