Tripadvisor (TRIP) Rating Lowered to Sell at ValuEngine

Tripadvisor (NASDAQ:TRIP) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Sunday.

TRIP has been the subject of several other research reports. Deutsche Bank decreased their price objective on shares of Tripadvisor from $40.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, October 24th. UBS Group restated a “neutral” rating and set a $43.00 price target on shares of Tripadvisor in a research note on Wednesday, November 8th. Oppenheimer restated a “hold” rating on shares of Tripadvisor in a research note on Sunday, December 17th. Jefferies Group restated a “sell” rating and set a $35.00 price target on shares of Tripadvisor in a research note on Thursday, September 28th. Finally, Wells Fargo & Co restated a “market perform” rating and set a $33.00 price target (down previously from $42.00) on shares of Tripadvisor in a research note on Wednesday, November 8th. Eight investment analysts have rated the stock with a sell rating and nineteen have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $39.44.

Shares of Tripadvisor (NASDAQ:TRIP) opened at $34.46 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47. The company has a market cap of $4,785.74, a PE ratio of 73.32, a price-to-earnings-growth ratio of 2.77 and a beta of 2.33. Tripadvisor has a one year low of $29.50 and a one year high of $53.58.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRIP. Schwab Charles Investment Management Inc. boosted its holdings in Tripadvisor by 13.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 406,835 shares of the travel company’s stock worth $15,542,000 after buying an additional 46,930 shares during the period. State of Wisconsin Investment Board boosted its holdings in Tripadvisor by 22.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 90,133 shares of the travel company’s stock valued at $3,443,000 after purchasing an additional 16,670 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Tripadvisor by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 163,163 shares of the travel company’s stock valued at $6,233,000 after purchasing an additional 582 shares during the period. Federated Investors Inc. PA boosted its holdings in Tripadvisor by 1,052.0% in the 2nd quarter. Federated Investors Inc. PA now owns 26,760 shares of the travel company’s stock valued at $1,022,000 after purchasing an additional 24,437 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Tripadvisor by 2.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 331,049 shares of the travel company’s stock valued at $12,646,000 after purchasing an additional 8,799 shares during the period. 88.71% of the stock is owned by institutional investors.

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Tripadvisor Company Profile

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.

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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