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.
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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.
Tripadvisor (NASDAQ:TRIP – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The travel company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.10. Tripadvisor had a negative return on equity of 3.27% and a negative net
margin of 2.53%. The firm had revenue of $417.00 million during the quarter, compared to the consensus estimate of $391.82 million. During the same period last year, the business posted ($0.26) EPS. Tripadvisor's quarterly revenue was up 77.4% on a year-over-year basis. On average, equities analysts anticipate that Tripadvisor will post 0.27 earnings per share for the current fiscal year.
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.
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