TripAdvisor, Inc. (NASDAQ:TRIP) Given Average Recommendation of "Reduce" by Brokerages

TripAdvisor, Inc. (NASDAQ:TRIP) has received an average "Reduce" recommendation from twelve ratings firms. The stock has four sell, seven hold, and one buy ratings. The average target price is $16.6591. Recent analyst actions include UBS Group's "neutral" rating, B. Riley's price objective cut to $18, and Citigroup's target increase to $19. TripAdvisor's recent earnings beat estimates with $0.65 EPS. Institutional investors have adjusted their positions, with 98.99% ownership. The company operates in travel guidance products and services.

Shares of TripAdvisor, Inc. (NASDAQ:TRIP - Get Free Report) have received an average recommendation of "Reduce" from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $16.6591.

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TRIP has been the subject of several research analyst reports. UBS Group reaffirmed a "neutral" rating on shares of TripAdvisor in a research report on Sunday, August 10th. B. Riley decreased their price objective on shares of TripAdvisor from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, November 10th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $20.00 price objective on shares of TripAdvisor in a research report on Friday, November 7th. Wall Street Zen cut shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 1st. Finally, Citigroup increased their target price on shares of TripAdvisor from $16.00 to $19.00 and gave the company a "neutral" rating in a research report on Monday, August 18th.

Check Out Our Latest Stock Report on TripAdvisor

TripAdvisor Price Performance

Booking stock is the discounted growth story in travel stocks

Shares of NASDAQ TRIP opened at $15.19 on Wednesday. TripAdvisor has a twelve month low of $10.43 and a twelve month high of $20.16. The stock's 50 day moving average price is $15.96 and its 200-day moving average price is $16.02. The company has a market capitalization of $1.78 billion, a PE ratio of 31.65, a PEG ratio of 2.49 and a beta of 1.21. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.37.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. The company had revenue of $553.00 million during the quarter, compared to the consensus estimate of $562.92 million. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.TripAdvisor's revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $0.50 earnings per share. On average, equities analysts anticipate that TripAdvisor will post 0.46 EPS for the current year.

Insider Transactions at TripAdvisor

TripAdvisor is on AI-powered recovery from record lows

In other TripAdvisor news, insider Seth J. Kalvert sold 10,880 shares of the firm's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $20.04, for a total value of $218,035.20. Following the completion of the sale, the insider directly owned 136,914 shares of the company's stock, valued at $2,743,756.56. This trade represents a 7.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Essex Investment Management Co. LLC raised its stake in TripAdvisor by 75.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company's stock valued at $25,000 after acquiring an additional 656 shares during the period. Covestor Ltd increased 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 worth $29,000 after purchasing an additional 696 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of TripAdvisor by 39.7% in the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company's stock worth $42,000 after purchasing an additional 705 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in shares of TripAdvisor in the third quarter valued at approximately $58,000. Finally, State of Wyoming purchased a new stake in shares of TripAdvisor during the 3rd quarter valued at approximately $60,000. Institutional investors own 98.99% of the company's stock.

About TripAdvisor

(Get Free Report)

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.

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