Tripadvisor (NASDAQ:TRIP) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Tripadvisor (NASDAQ:TRIP) from a hold rating to a buy rating in a report issued on Tuesday morning.

Several other analysts also recently issued reports on the company. Citigroup reduced their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Truist Financial dropped their target price on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Cantor Fitzgerald cut their price target on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, November 7th. TD Cowen boosted their price objective on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, Wedbush reaffirmed a “neutral” rating and set a $17.00 target price on shares of Tripadvisor in a report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tripadvisor presently has an average rating of “Hold” and an average target price of $18.33.

Tripadvisor Price Performance

TRIP stock opened at $14.41 on Tuesday. The company’s 50 day moving average price is $14.59 and its 200 day moving average price is $15.37. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 62.65, a PEG ratio of 9.35 and a beta of 1.36. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The business had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $527.86 million. During the same period in the prior year, the company earned $0.35 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that Tripadvisor will post 0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in shares of Tripadvisor by 104.1% during the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after buying an additional 846 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Tripadvisor by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock worth $974,000 after purchasing an additional 1,200 shares during the last quarter. KBC Group NV increased its position in Tripadvisor by 65.3% during the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after purchasing an additional 1,777 shares during the period. True Wealth Design LLC acquired a new stake in Tripadvisor during the 3rd quarter worth about $27,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Tripadvisor in the 3rd quarter valued at $28,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.