TripAdvisor (NASDAQ:TRIP) Hits New 52-Week Low – Should You Sell?

TripAdvisor, Inc. (NASDAQ:TRIP) shares hit a new 52-week low on Thursday . The company traded as low as $9.06 and last traded at $9.08, with a volume of 612636 shares changing hands. The stock had previously closed at $9.26.

Wall Street Analysts Forecast Growth

TRIP has been the subject of several research reports. Jefferies Financial Group decreased their price target on shares of TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a report on Thursday, December 11th. Cantor Fitzgerald set a $10.00 price objective on shares of TripAdvisor and gave the company an “underweight” rating in a research note on Friday, February 13th. Wall Street Zen downgraded shares of TripAdvisor from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. UBS Group decreased their target price on shares of TripAdvisor from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Finally, Barclays lowered their price target on shares of TripAdvisor from $13.00 to $10.00 and set an “underweight” rating on the stock in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, TripAdvisor currently has a consensus rating of “Reduce” and an average price target of $14.96.

TripAdvisor Stock Up 0.6%

The firm has a 50-day moving average of $11.49 and a two-hundred day moving average of $14.26. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 1.66 and a beta of 0.97. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33.

TripAdvisor (NASDAQ:TRIP) last released its earnings results on Thursday, February 12th. The travel company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). The business had revenue of $411.00 million during the quarter, compared to analyst estimates of $412.53 million. TripAdvisor had a net margin of 2.12% and a return on equity of 10.67%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. As a group, sell-side analysts predict that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of TripAdvisor

A number of hedge funds have recently bought and sold shares of TRIP. Essex Investment Management Co. LLC increased its holdings in shares of TripAdvisor by 75.7% during the 3rd quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after purchasing an additional 656 shares during the period. Covestor Ltd lifted its stake in shares of TripAdvisor by 64.8% in the third quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after buying an additional 696 shares during the period. Kestra Advisory Services LLC acquired a new stake in TripAdvisor during the fourth quarter worth about $33,000. UMB Bank n.a. grew its position in TripAdvisor by 295.2% during the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after buying an additional 1,718 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in TripAdvisor by 39.7% during the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after acquiring an additional 705 shares during the period. 98.99% of the stock is owned by institutional investors.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.