Tripadvisor (NASDAQ:TRIP) Shares Gap Down to $25.48

Tripadvisor, Inc. (NASDAQ:TRIP) shares gapped down prior to trading on Wednesday . The stock had previously closed at $25.48, but opened at $17.41. Tripadvisor shares last traded at $18.06, with a volume of 13,063,170 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TRIP shares. Citigroup increased their price target on Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Wedbush restated a “neutral” rating and issued a $30.00 price target on shares of Tripadvisor in a research note on Thursday, April 18th. Truist Financial increased their price target on Tripadvisor from $18.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. B. Riley restated a “buy” rating and issued a $34.00 price target (up previously from $27.00) on shares of Tripadvisor in a research note on Friday, February 16th. Finally, DA Davidson cut Tripadvisor from a “buy” rating to a “neutral” rating and dropped their price target for the company from $31.00 to $20.00 in a research note on Thursday. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.65.

Tripadvisor Stock Up 0.8 %

The firm has a 50 day moving average of $26.47 and a two-hundred day moving average of $22.45. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 305.17, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.02.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.14. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. The firm had revenue of $390.00 million for the quarter, compared to analyst estimates of $372.93 million. As a group, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SYSTM Wealth Solutions LLC increased its holdings in Tripadvisor by 10.5% in the first quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock worth $126,000 after purchasing an additional 432 shares in the last quarter. Arizona State Retirement System increased its holdings in Tripadvisor by 2.3% in the third quarter. Arizona State Retirement System now owns 31,296 shares of the travel company’s stock worth $519,000 after purchasing an additional 697 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Tripadvisor by 52.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock worth $54,000 after purchasing an additional 861 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Tripadvisor by 2.1% in the third quarter. Yousif Capital Management LLC now owns 53,244 shares of the travel company’s stock worth $883,000 after purchasing an additional 1,115 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Tripadvisor by 0.6% in the first quarter. Swiss National Bank now owns 210,900 shares of the travel company’s stock worth $5,861,000 after purchasing an additional 1,200 shares in the last quarter. 98.99% of the stock is 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.