TripAdvisor, Inc. (NASDAQ:TRIP) Receives Average Recommendation of “Reduce” from Brokerages

TripAdvisor, Inc. (NASDAQ:TRIP) has been assigned an average recommendation of “Reduce” from the twelve ratings firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $16.6591.

A number of research analysts recently weighed in on TRIP shares. Weiss Ratings restated a “hold (c-)” rating on shares of TripAdvisor in a research report on Thursday, October 30th. Citigroup lifted their price objective on TripAdvisor from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. Bank of America initiated coverage on TripAdvisor in a report on Monday, July 14th. They issued a “neutral” rating and a $19.00 target price on the stock. Mizuho began coverage on TripAdvisor in a research report on Tuesday, September 30th. They issued an “underperform” rating and a $14.00 target price on the stock. Finally, Wall Street Zen cut shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st.

Insider Buying and Selling at TripAdvisor

In other news, insider Seth J. Kalvert sold 10,880 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $218,035.20. Following the completion of the sale, the insider owned 136,914 shares of the company’s stock, valued at $2,743,756.56. The trade was a 7.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TripAdvisor

A number of institutional investors have recently bought and sold shares of TRIP. Certares Management LLC lifted its position in shares of TripAdvisor by 177.3% in the second quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock valued at $62,011,000 after acquiring an additional 3,037,959 shares in the last quarter. Nuveen LLC bought a new stake in TripAdvisor during the 1st quarter valued at approximately $32,536,000. Federated Hermes Inc. lifted its holdings in TripAdvisor by 375.4% in the 2nd quarter. Federated Hermes Inc. now owns 2,137,374 shares of the travel company’s stock worth $27,893,000 after purchasing an additional 1,687,816 shares in the last quarter. Royal Bank of Canada boosted its stake in TripAdvisor by 82,306.8% in the 1st quarter. Royal Bank of Canada now owns 1,528,647 shares of the travel company’s stock worth $21,661,000 after purchasing an additional 1,526,792 shares during the period. Finally, Palliser Capital UK Ltd purchased a new stake in TripAdvisor during the 2nd quarter valued at approximately $16,192,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

TripAdvisor Stock Performance

NASDAQ:TRIP opened at $15.42 on Friday. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 2.49 and a beta of 1.21. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.37. The company’s 50 day moving average price is $16.66 and its 200-day moving average price is $15.83. TripAdvisor has a 52 week low of $10.43 and a 52 week high of $20.16.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $553.00 million during the quarter, compared to analyst estimates of $562.92 million. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. On average, equities research analysts forecast that TripAdvisor will post 0.46 earnings per share for the current fiscal 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.