Tripadvisor (NASDAQ:TRIP) Raised to Buy at StockNews.com

Tripadvisor (NASDAQ:TRIP) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Several other equities analysts have also recently weighed in on the company. UBS Group cut their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Truist Financial reduced their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. TD Cowen lifted their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Wedbush restated a “neutral” rating and set a $17.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, Citigroup lowered their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.33.

Tripadvisor Price Performance

TRIP stock opened at $14.41 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The company’s fifty day moving average price is $14.61 and its 200-day moving average price is $15.38. Tripadvisor has a one year low of $12.93 and a one year high of $28.76. The company has a market capitalization of $2.01 billion, a PE ratio of 62.65, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36.

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

Institutional Trading of Tripadvisor

Hedge funds and other institutional investors have recently bought and sold shares of the business. U S Global Investors Inc. grew its holdings in shares of Tripadvisor by 71.8% in the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after purchasing an additional 632,353 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Tripadvisor by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock worth $17,378,000 after acquiring an additional 55,115 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Tripadvisor by 214.8% during the second quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock worth $3,138,000 after acquiring an additional 120,209 shares during the period. Boussard & Gavaudan Investment Management LLP purchased a new stake in shares of Tripadvisor in the third quarter valued at approximately $5,159,000. Finally, Wittenberg Investment Management Inc. bought a new position in Tripadvisor in the third quarter worth approximately $1,087,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

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.