Tripadvisor (NASDAQ:TRIP – Get Rating) had its price objective decreased by Ascendiant Capital Markets to $35.00 in a research note released on Thursday morning, Stock Target Advisor reports.

Other equities analysts also recently issued reports about the company. Credit Suisse Group dropped their price objective on Tripadvisor from $30.00 to $28.00 and set a neutral rating for the company in a research note on Monday, August 8th. TheStreet raised Tripadvisor from a d+ rating to a c- rating in a research note on Monday, August 29th. StockNews.com downgraded Tripadvisor from a buy rating to a hold rating in a research note on Monday, September 12th. JPMorgan Chase & Co. dropped their price target on Tripadvisor from $23.00 to $15.00 and set an underweight rating for the company in a research report on Wednesday, June 29th. Finally, Truist Financial dropped their price target on Tripadvisor from $57.00 to $44.00 and set a buy rating for the company in a research report on Thursday, June 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Tripadvisor has an average rating of Hold and an average price target of $29.44.

Tripadvisor Stock Down 5.7 %

TRIP opened at $24.39 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.04 and a quick ratio of 2.04. The business has a 50 day simple moving average of $22.72 and a 200-day simple moving average of $23.32. The stock has a market capitalization of $3.41 billion, a P/E ratio of -106.04, a P/E/G ratio of 2.70 and a beta of 1.33. Tripadvisor has a 12 month low of $16.87 and a 12 month high of $39.04.

Insider Activity

In other news, CFO Ernst 02494 Teunissen sold 15,000 shares of Tripadvisor stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $27.50, for a total value of $412,500.00. Following the completion of the sale, the chief financial officer now owns 33,523 shares of the company's stock, valued at $921,882.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Tripadvisor by 0.8% in the first quarter. Vanguard Group Inc. now owns 9,384,653 shares of the travel company's stock valued at $254,511,000 after acquiring an additional 77,179 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Tripadvisor by 48.7% in the fourth quarter. Allianz Asset Management GmbH now owns 3,724,663 shares of the travel company's stock valued at $101,534,000 after acquiring an additional 1,220,458 shares during the last quarter. State Street Corp boosted its holdings in Tripadvisor by 3.8% in the first quarter. State Street Corp now owns 2,644,251 shares of the travel company's stock valued at $71,712,000 after acquiring an additional 97,233 shares during the last quarter. U S Global Investors Inc. boosted its holdings in Tripadvisor by 3.3% in the first quarter. U S Global Investors Inc. now owns 2,468,862 shares of the travel company's stock valued at $66,956,000 after acquiring an additional 79,182 shares during the last quarter. Finally, Contour Asset Management LLC boosted its holdings in Tripadvisor by 1,376.9% in the fourth quarter. Contour Asset Management LLC now owns 1,935,400 shares of the travel company's stock valued at $52,759,000 after acquiring an additional 1,804,352 shares during the last quarter. Institutional investors and hedge funds own 92.76% of the company's stock.

Tripadvisor Company Profile

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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.

Read More

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