Tripadvisor, Inc. (NASDAQ:TRIP) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have been given an average recommendation of “Hold” by the eighteen brokerages that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $21.76.

A number of analysts have recently weighed in on TRIP shares. Barclays reduced their price target on shares of Tripadvisor from $20.00 to $15.00 and set an “underweight” rating for the company in a research note on Friday, May 10th. DA Davidson lowered shares of Tripadvisor from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $31.00 to $20.00 in a research note on Thursday, May 9th. JPMorgan Chase & Co. dropped their target price on shares of Tripadvisor from $25.00 to $17.00 and set an “underweight” rating on the stock in a report on Thursday, May 9th. Wedbush reiterated a “neutral” rating and issued a $21.00 target price on shares of Tripadvisor in a report on Friday, May 24th. Finally, UBS Group dropped their target price on shares of Tripadvisor from $27.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th.

Tripadvisor Trading Down 1.0 %

Shares of NASDAQ:TRIP opened at $17.76 on Wednesday. The company has a 50 day moving average of $20.85 and a 200-day moving average of $22.76. The firm has a market cap of $2.47 billion, a P/E ratio of 118.41, a P/E/G ratio of 1.61 and a beta of 1.44. Tripadvisor has a twelve month low of $14.15 and a twelve month high of $28.76. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.08.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, May 8th. The travel company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. The company had revenue of $395.00 million during the quarter, compared to analyst estimates of $390.93 million. Tripadvisor had a net margin of 1.32% and a return on equity of 12.03%. As a group, analysts anticipate that Tripadvisor will post 0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

A number of large investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in Tripadvisor in the 3rd quarter valued at approximately $34,000. International Assets Investment Management LLC increased its stake in Tripadvisor by 2,053.0% in the 4th quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock valued at $46,000 after buying an additional 2,053 shares during the period. Quadrant Capital Group LLC increased its stake in Tripadvisor by 52.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock valued at $54,000 after buying an additional 861 shares during the period. Future Financial Wealth Managment LLC acquired a new position in Tripadvisor in the 1st quarter valued at approximately $83,000. Finally, SYSTM Wealth Solutions LLC increased its stake in Tripadvisor by 10.5% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock valued at $126,000 after buying an additional 432 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.