Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating)'s share price traded down 6.8% during trading on Wednesday . The stock traded as low as $22.94 and last traded at $22.94. 34,816 shares were traded during trading, a decline of 98% from the average session volume of 1,488,631 shares. The stock had previously closed at $24.62.

Analyst Ratings Changes

Several equities analysts have commented on the company. TheStreet raised Tripadvisor from a "d+" rating to a "c-" rating in a research report on Monday, August 29th. Ascendiant Capital Markets lowered their price objective on Tripadvisor to $35.00 in a research report on Thursday, September 15th. Mizuho lowered their price objective on Tripadvisor from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Monday, August 8th. Credit Suisse Group lowered their price target on Tripadvisor from $30.00 to $28.00 and set a "neutral" rating for the company in a research report on Monday, August 8th. Finally, StockNews.com raised Tripadvisor from a "hold" rating to a "buy" rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Tripadvisor currently has a consensus rating of "Hold" and an average target price of $29.44.

Tripadvisor Trading Down 3.4 %

The stock has a 50-day simple moving average of $23.00 and a two-hundred day simple moving average of $23.35. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market cap of $3.32 billion, a PE ratio of -102.65, a price-to-earnings-growth ratio of 2.54 and a beta of 1.33.

Insiders Place Their Bets

In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 15,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now owns 33,523 shares of the company's stock, valued at approximately $921,882.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Tripadvisor

A number of hedge funds have recently bought and sold shares of TRIP. Vanguard Group Inc. grew its stake in shares of Tripadvisor by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 9,384,653 shares of the travel company's stock valued at $254,511,000 after purchasing an additional 77,179 shares during the period. State Street Corp grew its stake in shares of Tripadvisor by 3.8% during the 1st quarter. State Street Corp now owns 2,644,251 shares of the travel company's stock valued at $71,712,000 after purchasing an additional 97,233 shares during the period. U S Global Investors Inc. grew its stake in shares of Tripadvisor by 3.3% during the 1st quarter. U S Global Investors Inc. now owns 2,468,862 shares of the travel company's stock valued at $66,956,000 after purchasing an additional 79,182 shares during the period. Contour Asset Management LLC grew its stake in shares of Tripadvisor by 1,376.9% during the 4th quarter. Contour Asset Management LLC now owns 1,935,400 shares of the travel company's stock valued at $52,759,000 after purchasing an additional 1,804,352 shares during the period. Finally, Freshford Capital Management LLC bought a new stake in shares of Tripadvisor during the 1st quarter valued at about $48,129,000. Hedge funds and other institutional investors 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.

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