Tripadvisor (NASDAQ:TRIP) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen cut shares of Tripadvisor (NASDAQ:TRIP) from a strong-buy rating to a buy rating in a research report report published on Saturday.

Other analysts also recently issued reports about the company. Mizuho upgraded Tripadvisor to a “hold” rating in a research report on Friday, April 18th. DA Davidson upped their price objective on Tripadvisor from $16.00 to $16.25 and gave the company a “neutral” rating in a research report on Thursday, May 29th. UBS Group upped their price objective on Tripadvisor from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Cantor Fitzgerald reduced their price objective on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Finally, B. Riley reduced their price objective on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.27.

Tripadvisor Stock Up 0.7%

TRIP opened at $13.39 on Friday. The business’s fifty day moving average is $13.49 and its two-hundred day moving average is $14.50. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 669.83, a PEG ratio of 9.01 and a beta of 1.32. Tripadvisor has a one year low of $10.43 and a one year high of $18.66.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The company had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. During the same period in the previous year, the business earned $0.12 earnings per share. Tripadvisor’s quarterly revenue was up .8% compared to the same quarter last year. Analysts anticipate that Tripadvisor will post 0.46 EPS for the current fiscal year.

Insider Activity at Tripadvisor

In other Tripadvisor news, CEO Almir Ambeskovic sold 16,643 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $15.33, for a total transaction of $255,137.19. Following the completion of the sale, the chief executive officer now directly owns 15,931 shares in the company, valued at $244,222.23. This represents a 51.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Tripadvisor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in Tripadvisor by 27.7% during the first quarter. Ameriprise Financial Inc. now owns 5,635,384 shares of the travel company’s stock worth $79,852,000 after acquiring an additional 1,222,958 shares during the last quarter. River Road Asset Management LLC boosted its position in shares of Tripadvisor by 1.3% in the fourth quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company’s stock worth $54,885,000 after buying an additional 45,898 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Tripadvisor by 20.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company’s stock worth $53,674,000 after buying an additional 615,519 shares during the period. AQR Capital Management LLC boosted its position in shares of Tripadvisor by 40.1% in the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock worth $49,694,000 after buying an additional 962,262 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Tripadvisor by 8.7% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,587,902 shares of the travel company’s stock worth $38,223,000 after buying an additional 208,173 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

About Tripadvisor

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.