TripAdvisor, Inc. (NASDAQ:TRIP) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• TripAdvisor received a consensus “Reduce” rating from 15 analysts: five issued sell ratings, six rated the stock a hold, and four recommended buying. The average 12-month price target is $14.12, versus a recent price of $8.80.
• Recent analyst actions were mixed but generally cautious, with Cantor Fitzgerald and UBS lowering their price targets, while Goldman Sachs maintained a buy rating and Wedbush raised its target to $20.
• TripAdvisor’s latest quarterly results missed expectations, reporting EPS of $0.35 versus $0.38 expected and revenue of $385.3 million versus $506.27 million forecast; revenue declined 7.2% year over year.

TripAdvisor, Inc. (NASDAQ:TRIP - Get Free Report) has earned an average rating of "Reduce" from the fifteen research firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $14.1154.

Several equities analysts have weighed in on the company. Cantor Fitzgerald reduced their price objective on TripAdvisor from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Friday, August 7th. The Goldman Sachs Group restated a "buy" rating and issued a $16.00 target price on shares of TripAdvisor in a research note on Monday, July 20th. UBS Group dropped their price target on TripAdvisor from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 11th. Wedbush increased their price target on TripAdvisor from $19.00 to $20.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 16th. Finally, B. Riley Financial decreased their price objective on TripAdvisor from $13.00 to $12.50 and set a "neutral" rating for the company in a report on Monday, August 10th.

Insiders Place Their Bets

In other news, CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $9.45, for a total value of $75,600.00. Following the completion of the transaction, the chief executive officer owned 30,456 shares in the company, valued at $287,809.20. This trade represents a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of TripAdvisor

A number of institutional investors have recently modified their holdings of the business. Nykredit A S bought a new stake in TripAdvisor during the 2nd quarter valued at $32,000. Public Employees Retirement System of Ohio purchased a new stake in shares of TripAdvisor during the second quarter worth $36,000. Rockefeller Capital Management L.P. boosted its holdings in shares of TripAdvisor by 192.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company's stock worth $40,000 after acquiring an additional 1,821 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of TripAdvisor in the second quarter worth $46,000. Finally, Covestor Ltd grew its position in shares of TripAdvisor by 168.9% in the fourth quarter. Covestor Ltd now owns 4,760 shares of the travel company's stock valued at $69,000 after purchasing an additional 2,990 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

TripAdvisor Stock Down 0.5%

TRIP opened at $8.80 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.28. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 880.88, a PEG ratio of 3.29 and a beta of 0.83. TripAdvisor has a twelve month low of $8.41 and a twelve month high of $19.45. The company's 50-day moving average price is $11.29 and its two-hundred day moving average price is $11.26.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The company had revenue of $385.30 million for the quarter, compared to analysts' expectations of $506.27 million. TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The company's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. As a group, equities analysts expect that TripAdvisor will post 0.36 earnings per share for the current year.

TripAdvisor Company Profile

Tripadvisor, Inc NASDAQ: TRIP operates a global travel guidance platform that helps consumers research, plan and book trips. Its flagship Tripadvisor website and mobile applications feature traveler reviews, ratings, photos and other user-generated content covering hotels, restaurants, attractions and destinations. The platform also provides travel-planning tools, advertising solutions and links to booking partners.

The company's portfolio includes Viator, an online marketplace for tours, activities and experiences, and TheFork, a restaurant-discovery and reservation platform.

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