TripAdvisor (NASDAQ:TRIP) Stock Price Down 4.3% - What's Next?

Key Points

• TripAdvisor's stock experienced a decline of 4.3%, trading at $16.87, with a significant drop in trading volume to 420,347 shares compared to its average of over 3 million shares.
• Analysts have mixed opinions on TripAdvisor, with a consensus rating of "Hold" and target prices ranging from $13.00 to $21.00, reflecting uncertainty about the company's performance.
• TripAdvisor reported earnings of $0.46 per share, which exceeded estimates, but revenue fell slightly short of expectations at $529 million for the quarter.

Shares of TripAdvisor, Inc. (NASDAQ:TRIP - Get Free Report) traded down 4.3% on Monday . The company traded as low as $16.85 and last traded at $16.87. 420,347 shares changed hands during trading, a decline of 87% from the average session volume of 3,244,116 shares. The stock had previously closed at $17.62.

Analyst Ratings Changes

A number of research firms have issued reports on TRIP. DA Davidson set a $16.25 target price on shares of TripAdvisor in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their target price on shares of TripAdvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. Citigroup reissued a "neutral" rating and issued a $19.00 price target (up previously from $16.00) on shares of TripAdvisor in a research note on Monday. B. Riley lifted their price objective on TripAdvisor from $17.00 to $21.00 and gave the stock a "neutral" rating in a research note on Monday, August 11th. Finally, Wall Street Zen downgraded TripAdvisor from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.33.

TripAdvisor Stock Down 3.3%

The company has a debt-to-equity ratio of 1.37, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 35.47, a PEG ratio of 2.76 and a beta of 1.30. The firm has a 50-day moving average price of $16.07 and a two-hundred day moving average price of $14.92.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last issued its earnings results on Thursday, August 7th. The travel company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The company had revenue of $529.00 million for the quarter, compared to analysts' expectations of $529.91 million. TripAdvisor had a net margin of 3.53% and a return on equity of 12.40%. TripAdvisor's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. As a group, sell-side analysts anticipate that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of TripAdvisor

Several hedge funds and other institutional investors have recently bought and sold shares of TRIP. Ameriprise Financial Inc. boosted its stake in shares of TripAdvisor by 5.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,970,412 shares of the travel company's stock worth $77,915,000 after buying an additional 335,028 shares during the last quarter. Certares Management LLC increased its position in shares of TripAdvisor by 177.3% during the 2nd quarter. Certares Management LLC now owns 4,751,818 shares of the travel company's stock valued at $62,011,000 after purchasing an additional 3,037,959 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of TripAdvisor by 20.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company's stock worth $53,674,000 after buying an additional 615,519 shares during the last quarter. AQR Capital Management LLC grew its position in TripAdvisor by 40.1% during the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company's stock valued at $49,694,000 after buying an additional 962,262 shares during the period. Finally, Geode Capital Management LLC grew its position in TripAdvisor by 48.9% during the second quarter. Geode Capital Management LLC now owns 2,837,654 shares of the travel company's stock valued at $37,036,000 after buying an additional 931,283 shares during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.

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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