Tripadvisor (TRIP) Downgraded by ValuEngine to “Sell”

ValuEngine lowered shares of Tripadvisor (NASDAQ:TRIP) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

A number of other research analysts have also recently commented on the stock. Oppenheimer reissued a hold rating on shares of Tripadvisor in a report on Thursday, January 25th. Zacks Investment Research raised shares of Tripadvisor from a sell rating to a buy rating and set a $39.00 target price for the company in a report on Thursday, January 11th. BidaskClub cut shares of Tripadvisor from a sell rating to a strong sell rating in a report on Friday, December 22nd. Cowen reissued a market perform rating and issued a $40.00 target price (up previously from $30.00) on shares of Tripadvisor in a report on Monday, November 27th. Finally, Royal Bank of Canada dropped their target price on shares of Tripadvisor from $38.00 to $34.00 and set a sector perform rating for the company in a report on Monday, November 13th. Eight equities research analysts have rated the stock with a sell rating and eighteen have given a hold rating to the stock. The company presently has an average rating of Hold and an average target price of $39.42.

Tripadvisor (TRIP) opened at $35.62 on Friday. The company has a market cap of $5,010.00, a PE ratio of 75.79, a PEG ratio of 4.14 and a beta of 2.22. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.19. Tripadvisor has a fifty-two week low of $29.50 and a fifty-two week high of $53.29.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $451.27 million. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. equities research analysts forecast that Tripadvisor will post 0.69 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its position in Tripadvisor by 1.4% during the 2nd quarter. Advisor Group Inc. now owns 8,401 shares of the travel company’s stock valued at $321,000 after purchasing an additional 118 shares during the period. Flinton Capital Management LLC increased its position in Tripadvisor by 12.9% during the 2nd quarter. Flinton Capital Management LLC now owns 7,008 shares of the travel company’s stock valued at $268,000 after purchasing an additional 800 shares during the period. Public Employees Retirement System of Ohio increased its position in Tripadvisor by 0.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 99,229 shares of the travel company’s stock valued at $3,791,000 after purchasing an additional 865 shares during the period. Pacer Advisors Inc. increased its position in Tripadvisor by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 18,309 shares of the travel company’s stock valued at $742,000 after purchasing an additional 1,884 shares during the period. Finally, Mutual of America Capital Management LLC increased its position in Tripadvisor by 17.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 13,516 shares of the travel company’s stock valued at $516,000 after purchasing an additional 1,967 shares during the period. 90.32% of the stock is owned by institutional investors and hedge funds.

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About Tripadvisor

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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