Tripadvisor (NASDAQ:TRIP) Trading Up 2.8%

Tripadvisor, Inc. (NASDAQ:TRIP)’s stock price shot up 2.8% during trading on Tuesday . The stock traded as high as $14.84 and last traded at $14.81. 430,707 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 2,434,771 shares. The stock had previously closed at $14.41.

Analyst Ratings Changes

Several research firms have commented on TRIP. Mizuho dropped their price target on shares of Tripadvisor from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. JPMorgan Chase & Co. dropped their price target on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. UBS Group dropped their price target on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Truist Financial dropped their price target on shares of Tripadvisor from $28.00 to $21.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Finally, DA Davidson cut their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and an average price target of $19.93.

Tripadvisor Price Performance

The company’s 50-day simple moving average is $16.47 and its 200-day simple moving average is $21.31. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market capitalization of $2.02 billion, a PE ratio of 96.14, a P/E/G ratio of 1.87 and a beta of 1.42.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The business had revenue of $497.00 million for the quarter, compared to the consensus estimate of $504.76 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.43 earnings per share for the current year.

Hedge Funds Weigh In On Tripadvisor

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp grew its holdings in Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after buying an additional 846 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Tripadvisor by 2,053.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock worth $46,000 after purchasing an additional 2,053 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of Tripadvisor by 14,244.4% during the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after purchasing an additional 2,564 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Tripadvisor by 52.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock worth $54,000 after purchasing an additional 861 shares during the last quarter. Finally, Gladius Capital Management LP acquired a new stake in shares of Tripadvisor during the second quarter worth $79,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

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.