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Tripadvisor (NASDAQ:TRIP) Trading Down 6.8%

Financial News Live ·  Sep 21, 2022 13:21

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.

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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.

Tripadvisor (NASDAQ:TRIP – Get Rating) last issued its earnings results on Thursday, August 4th. The travel company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $417.00 million during the quarter, compared to analyst estimates of $391.82 million. During the same quarter in the previous year, the firm earned ($0.26) EPS. Tripadvisor's revenue was up 77.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.27 EPS for the current year.

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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