TripAdvisor, Inc. (NASDAQ:TRIP) Stock Now Rated "Reduce" by Wall Street Brokerages

Key Points

• Analyst sentiment is negative: Fourteen firms give TripAdvisor an average “Reduce” rating, with five sells, six holds, and three buys. The average 12-month price target is $12.25.
• Several brokers recently cut price targets or downgraded the stock; it opened at $7.09, near its one-year low of $6.78.
• Quarterly results missed expectations: TripAdvisor reported EPS of $0.37 versus $0.43 expected and revenue of $436.4 million versus $447.39 million expected. Revenue fell 11.1% year over year.

Shares of TripAdvisor, Inc. (NASDAQ:TRIP - Get Free Report) have received an average recommendation of "Reduce" from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $12.25.

Several research firms have commented on TRIP. UBS Group decreased their target price on shares of TripAdvisor from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday. Jefferies Financial Group upgraded TripAdvisor from an "underperform" rating to a "hold" rating and reduced their price objective for the stock from $8.00 to $7.00 in a research report on Monday. BTIG Research lowered TripAdvisor from a "buy" rating to a "neutral" rating in a report on Tuesday, July 21st. Barclays lowered their target price on TripAdvisor from $9.00 to $8.00 and set an "underweight" rating on the stock in a research report on Friday, November 6th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of TripAdvisor in a research note on Wednesday, August 12th.

TripAdvisor Stock Down 0.4%

TripAdvisor stock opened at $7.09 on Wednesday. The company has a 50-day simple moving average of $8.84 and a 200-day simple moving average of $10.85. The firm has a market capitalization of $830.95 million, a P/E ratio of -2.30, a P/E/G ratio of 2.87 and a beta of 0.87. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.75 and a current ratio of 1.75. TripAdvisor has a one year low of $6.78 and a one year high of $16.04.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The travel company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). The firm had revenue of $436.40 million during the quarter, compared to analyst estimates of $447.39 million. TripAdvisor had a positive return on equity of 0.88% and a negative net margin of 21.60%. The firm's revenue was down 11.1% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. As a group, equities analysts expect that TripAdvisor will post 0.34 earnings per share for the current year.

Insider Transactions at TripAdvisor

In other news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was 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 of the company's stock, valued at approximately $287,809.20. This represents a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On TripAdvisor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC bought a new position in TripAdvisor in the 2nd quarter valued at about $3,883,000. Persistent Asset Partners Ltd acquired a new position in TripAdvisor during the 2nd quarter valued at about $2,172,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of TripAdvisor during the 2nd quarter worth about $2,906,000. Deutsche Bank AG bought a new stake in shares of TripAdvisor during the 2nd quarter worth about $1,760,000. Finally, K.J. Harrison & Partners Inc bought a new stake in shares of TripAdvisor during the 2nd quarter worth about $1,524,000. 98.99% of the stock is currently owned by institutional investors.

TripAdvisor Company Profile

Tripadvisor, Inc. operates a global travel platform that helps people plan and book trips. Its website and mobile app feature traveler reviews and opinions, travel information, and tools for comparing and booking hotels, restaurants, attractions, and experiences. The company's portfolio includes Tripadvisor, Viator, which focuses on tours and activities, and TheFork, a restaurant discovery and reservation service. Its brands serve travelers, experience providers, restaurants, and other businesses in markets around the world.

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