Tripadvisor, Inc. (NASDAQ:TRIP) Given Average Rating of “Hold” by Brokerages
Shares of Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) have been given an average rating of “Hold” by the eleven brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $35.00.
Several research analysts have recently weighed in on the stock. Credit Suisse Group decreased their price target on shares of Tripadvisor from $36.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, February 18th. Citigroup decreased their price target on shares of Tripadvisor from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Monday, May 9th. StockNews.com assumed coverage on shares of Tripadvisor in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Mizuho decreased their price target on shares of Tripadvisor from $36.00 to $30.00 in a report on Friday, February 18th. Finally, Zacks Investment Research raised shares of Tripadvisor from a “sell” rating to a “hold” rating and set a $26.00 price target on the stock in a report on Wednesday, April 27th.
TRIP stock traded down $0.75 during midday trading on Tuesday, reaching $24.84. 2,744,439 shares of the company’s stock traded hands, compared to its average volume of 2,369,861. The company has a 50-day moving average price of $25.38 and a two-hundred day moving average price of $26.33. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.23 and a current ratio of 2.23. Tripadvisor has a 52 week low of $20.25 and a 52 week high of $44.99. The firm has a market capitalization of $3.47 billion, a PE ratio of -34.03 and a beta of 1.35.
Tripadvisor (NASDAQ:TRIP – Get Rating) last issued its earnings results on Wednesday, May 4th. The travel company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.03. Tripadvisor had a negative net margin of 9.80% and a negative return on equity of 12.01%. The business had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $249.70 million. During the same quarter in the previous year, the firm posted ($0.56) EPS. The business’s revenue for the quarter was up 113.0% compared to the same quarter last year. As a group, analysts predict that Tripadvisor will post 0.34 EPS for the current fiscal year.
In other news, Director Gregory B. Maffei bought 50,000 shares of the company’s stock in a transaction dated Friday, March 4th. The stock was bought at an average cost of $22.38 per share, for a total transaction of $1,119,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Exane Derivatives bought a new position in shares of Tripadvisor during the first quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Tripadvisor by 44.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,745 shares of the travel company’s stock valued at $47,000 after acquiring an additional 536 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Tripadvisor during the fourth quarter valued at approximately $85,000. Maverick Capital Ltd. bought a new stake in shares of Tripadvisor during the third quarter valued at approximately $159,000. Finally, Parallel Advisors LLC increased its position in shares of Tripadvisor by 10.7% during the first quarter. Parallel Advisors LLC now owns 5,892 shares of the travel company’s stock valued at $160,000 after acquiring an additional 570 shares in the last quarter. 82.89% of the stock is owned by institutional investors and hedge funds.
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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