Tripadvisor (NASDAQ:TRIP) Lowered to "Buy" Rating by Wall Street Zen

Tripadvisor (NASDAQ:TRIP - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

Several other brokerages have also issued reports on TRIP. B. Riley reduced their price objective on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. UBS Group boosted their price objective on shares of Tripadvisor from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. boosted their price objective on shares of Tripadvisor from $11.00 to $13.00 and gave the company an "underweight" rating in a report on Friday, May 9th. DA Davidson boosted their price objective on shares of Tripadvisor from $16.00 to $16.25 and gave the company a "neutral" rating in a report on Thursday, May 29th. Finally, Cantor Fitzgerald reduced their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.27.

Tripadvisor Trading Down 5.0%

Shares of TRIP stock opened at $13.30 on Friday. The company's 50-day moving average price is $13.44 and its 200-day moving average price is $14.50. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 665.33, a PEG ratio of 9.01 and a beta of 1.32. Tripadvisor has a twelve month low of $10.43 and a twelve month high of $18.66.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. The firm had revenue of $398.00 million for the quarter, compared to analyst estimates of $386.94 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. Tripadvisor's revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS. As a group, equities analysts predict that Tripadvisor will post 0.46 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Almir Ambeskovic sold 16,643 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the sale, the chief executive officer now directly owns 15,931 shares in the company, valued at approximately $244,222.23. This represents a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company's stock.

Institutional Trading of Tripadvisor

Large investors have recently made changes to their positions in the company. ExodusPoint Capital Management LP purchased a new stake in shares of Tripadvisor during the fourth quarter worth approximately $5,170,000. Ieq Capital LLC increased its stake in Tripadvisor by 391.1% in the fourth quarter. Ieq Capital LLC now owns 63,680 shares of the travel company's stock valued at $941,000 after purchasing an additional 50,713 shares during the last quarter. U S Global Investors Inc. increased its stake in Tripadvisor by 2.0% in the fourth quarter. U S Global Investors Inc. now owns 1,543,056 shares of the travel company's stock valued at $22,791,000 after purchasing an additional 30,508 shares during the last quarter. Northern Trust Corp increased its stake in Tripadvisor by 6.3% in the fourth quarter. Northern Trust Corp now owns 656,986 shares of the travel company's stock valued at $9,704,000 after purchasing an additional 38,858 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its stake in Tripadvisor by 483.9% in the fourth quarter. Point72 Asset Management L.P. now owns 723,904 shares of the travel company's stock valued at $10,692,000 after purchasing an additional 599,933 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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.

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