TripAdvisor (NASDAQ:TRIP) Raised to “Strong-Buy” at Zacks Research

TripAdvisor (NASDAQ:TRIP) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TripAdvisor in a report on Monday, December 29th. Wall Street Zen lowered shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Mizuho set a $17.00 price objective on shares of TripAdvisor and gave the company a “neutral” rating in a research note on Friday, November 14th. Jefferies Financial Group dropped their target price on TripAdvisor from $13.00 to $12.50 and set an “underperform” rating on the stock in a report on Thursday, December 11th. Finally, Barclays decreased their price target on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $16.25.

TripAdvisor Stock Performance

TRIP opened at $14.69 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.21. The business’s 50 day moving average is $14.85 and its 200-day moving average is $16.12. The stock has a market cap of $1.72 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99. TripAdvisor has a twelve month low of $10.43 and a twelve month high of $20.16.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. TripAdvisor had a return on equity of 14.77% and a net margin of 4.23%.The business had revenue of $553.00 million during the quarter, compared to analyst estimates of $562.92 million. During the same period in the prior year, the company posted $0.50 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts predict that TripAdvisor will post 0.46 earnings per share for the current year.

Institutional Investors Weigh In On TripAdvisor

A number of institutional investors and hedge funds have recently modified their holdings of TRIP. Essex Investment Management Co. LLC raised its position in shares of TripAdvisor by 75.7% during the third 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 raised its holdings in TripAdvisor by 64.8% during the 3rd quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock worth $29,000 after buying an additional 696 shares during the period. Smartleaf Asset Management LLC raised its holdings in TripAdvisor by 39.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after buying an additional 705 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in TripAdvisor during the third quarter valued at about $58,000. Finally, State of Wyoming acquired a new position in shares of TripAdvisor in the third quarter worth about $60,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

TripAdvisor Company Profile

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.