TripAdvisor (NASDAQ:TRIP) Stock Price Up 5% – What’s Next?

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) rose 5% during mid-day trading on Tuesday . The stock traded as high as $14.44 and last traded at $14.4650. Approximately 1,012,677 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 2,929,953 shares. The stock had previously closed at $13.77.

Wall Street Analysts Forecast Growth

TRIP has been the topic of several recent analyst reports. Barclays reduced their target price on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. Jefferies Financial Group cut their price objective on TripAdvisor from $13.00 to $12.50 and set an “underperform” rating on the stock in a report on Thursday, December 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of TripAdvisor in a research note on Monday, December 22nd. Wall Street Zen lowered shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, B. Riley reduced their price target on shares of TripAdvisor from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, November 10th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $16.25.

TripAdvisor Stock Up 6.4%

The firm has a fifty day moving average of $15.09 and a 200-day moving average of $16.07. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.21. The firm has a market cap of $1.71 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 2.76 and a beta of 1.01.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. The firm had revenue of $553.00 million for the quarter, compared to analyst estimates of $562.92 million. TripAdvisor had a return on equity of 14.77% and a net margin of 4.23%.The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 EPS. On average, equities research analysts anticipate that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TRIP. New York State Teachers Retirement System raised its holdings in shares of TripAdvisor by 0.5% in the 3rd quarter. New York State Teachers Retirement System now owns 130,686 shares of the travel company’s stock valued at $2,125,000 after purchasing an additional 624 shares during the period. Essex Investment Management Co. LLC grew its holdings in TripAdvisor by 75.7% during the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after purchasing an additional 656 shares during the period. Nisa Investment Advisors LLC increased its position in TripAdvisor by 4.3% during the third quarter. Nisa Investment Advisors LLC now owns 15,998 shares of the travel company’s stock worth $260,000 after buying an additional 663 shares during the last quarter. Covestor Ltd raised its stake in TripAdvisor by 64.8% in the third quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after buying an additional 696 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of TripAdvisor by 39.7% in the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after buying an additional 705 shares during the last quarter. Institutional investors 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.