Tripadvisor (NASDAQ:TRIP) Shares Gap Down Following Analyst Downgrade

Tripadvisor, Inc. (NASDAQ:TRIP) gapped down prior to trading on Thursday after UBS Group lowered their price target on the stock from $18.00 to $17.00. The stock had previously closed at $17.41, but opened at $16.21. UBS Group currently has a neutral rating on the stock. Tripadvisor shares last traded at $16.15, with a volume of 709,255 shares.

TRIP has been the subject of several other research reports. Truist Financial cut their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. JPMorgan Chase & Co. cut 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. TD Cowen lowered their price objective on shares of Tripadvisor from $25.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, August 22nd. BMO Capital Markets cut their target price on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. Finally, Cantor Fitzgerald reduced their target price on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.20.

Hedge Funds Weigh In On Tripadvisor

Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its holdings in shares of Tripadvisor by 589.5% during the 1st quarter. Acadian Asset Management LLC now owns 34,946 shares of the travel company’s stock valued at $970,000 after buying an additional 29,878 shares in the last quarter. Tidal Investments LLC bought a new stake in Tripadvisor during the first quarter worth about $4,638,000. Boston Partners purchased a new stake in Tripadvisor in the first quarter worth about $131,887,000. DekaBank Deutsche Girozentrale grew its holdings in Tripadvisor by 9,356.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock worth $5,477,000 after purchasing an additional 193,400 shares during the period. Finally, U S Global Investors Inc. increased its stake in shares of Tripadvisor by 71.8% during the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after purchasing an additional 632,353 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Stock Down 9.4 %

The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. The company’s fifty day moving average price is $14.74 and its 200-day moving average price is $17.07. The stock has a market capitalization of $2.19 billion, a PE ratio of 107.47, a price-to-earnings-growth ratio of 10.75 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The business had revenue of $497.00 million for the quarter, compared to the consensus estimate of $504.76 million. During the same period in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts forecast that Tripadvisor, Inc. will post 0.38 earnings per share for the current year.

Tripadvisor Company Profile

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.