TripAdvisor, Inc. (NASDAQ:TRIP) Receives Average Rating of “Reduce” from Analysts

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) have been assigned an average rating of “Reduce” from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $14.1154.

A number of analysts recently commented on TRIP shares. Cantor Fitzgerald lowered their price objective on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Friday, August 7th. B. Riley Financial reduced their target price on TripAdvisor from $13.00 to $12.50 and set a “neutral” rating on the stock in a report on Monday, August 10th. BTIG Research cut TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 21st. Barclays lowered their price target on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, May 11th. Finally, UBS Group dropped their price target on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th.

TripAdvisor Stock Performance

Shares of TRIP stock opened at $9.46 on Friday. The stock has a market cap of $1.11 billion, a PE ratio of 946.95, a price-to-earnings-growth ratio of 3.54 and a beta of 0.84. The stock has a 50-day moving average of $12.59 and a 200-day moving average of $11.37. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.56 and a quick ratio of 1.56. TripAdvisor has a one year low of $9.01 and a one year high of $20.16.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, August 6th. The travel company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The firm had revenue of $385.30 million for the quarter, compared to the consensus estimate of $506.27 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue was down 7.2% compared to the same quarter last year. As a group, sell-side analysts expect that TripAdvisor will post 0.36 earnings per share for the current year.

Institutional Trading of TripAdvisor

Hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LP lifted its stake in TripAdvisor by 90.7% in the second quarter. Corient Private Wealth LP now owns 24,254 shares of the travel company’s stock valued at $333,000 after buying an additional 11,536 shares in the last quarter. Amundi increased its position in shares of TripAdvisor by 21.5% during the second quarter. Amundi now owns 49,927 shares of the travel company’s stock worth $684,000 after acquiring an additional 8,845 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of TripAdvisor during the second quarter worth $640,000. California State Teachers Retirement System raised its holdings in shares of TripAdvisor by 961.6% during the second quarter. California State Teachers Retirement System now owns 1,506,660 shares of the travel company’s stock worth $20,656,000 after acquiring an additional 1,364,739 shares during the period. Finally, Nykredit A S bought a new stake in TripAdvisor in the 2nd quarter valued at $32,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.