Tripadvisor (NASDAQ:TRIP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Tripadvisor (NASDAQ:TRIP - Free Report) from a buy rating to a strong-buy rating in a research report report published on Saturday morning.

TRIP has been the subject of several other research reports. DA Davidson reaffirmed a "neutral" rating and set a $16.00 target price on shares of Tripadvisor in a report on Thursday, February 20th. Mizuho raised shares of Tripadvisor to a "hold" rating in a report on Friday, April 18th. B. Riley reduced their target price on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, March 10th. UBS Group lifted their target price on shares of Tripadvisor from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, 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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $17.27.

Tripadvisor Stock Down 0.1%

Shares of NASDAQ:TRIP traded down $0.02 during midday trading on Friday, reaching $14.56. 2,781,148 shares of the company were exchanged, compared to its average volume of 2,388,605. Tripadvisor has a fifty-two week low of $10.43 and a fifty-two week high of $18.80. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The stock has a fifty day simple moving average of $13.31 and a two-hundred day simple moving average of $14.49. The firm has a market cap of $2.06 billion, a PE ratio of 728.36, a P/E/G ratio of 9.01 and a beta of 1.27.

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

Insider Activity

In other news, CEO Almir Ambeskovic sold 16,643 shares of the business'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 value of $255,137.19. Following the completion of the transaction, the chief executive officer now directly owns 15,931 shares in the company, valued at approximately $244,222.23. The trade was a 51.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On Tripadvisor

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its position in shares of Tripadvisor by 27.7% in the 1st quarter. Ameriprise Financial Inc. now owns 5,635,384 shares of the travel company's stock valued at $79,852,000 after buying an additional 1,222,958 shares in the last quarter. River Road Asset Management LLC raised its position in shares of Tripadvisor by 1.3% in the 4th quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company's stock valued at $54,885,000 after buying an additional 45,898 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Tripadvisor by 20.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company's stock valued at $53,674,000 after buying an additional 615,519 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Tripadvisor by 40.1% in the 4th 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 in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in shares of Tripadvisor by 8.7% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,587,902 shares of the travel company's stock valued at $38,223,000 after buying an additional 208,173 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Tripadvisor Company Profile

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.