TripAdvisor (NASDAQ:TRIP) Trading Down 7.3% – Should You Sell?

TripAdvisor, Inc. (NASDAQ:TRIP)’s share price traded down 7.3% during mid-day trading on Wednesday . The stock traded as low as $13.86 and last traded at $13.7540. 911,269 shares changed hands during trading, a decline of 52% from the average session volume of 1,914,084 shares. The stock had previously closed at $14.84.

Analysts Set New Price Targets

A number of brokerages have weighed in on TRIP. B. Riley cut their target price on shares of TripAdvisor from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Barclays cut their price objective on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. Jefferies Financial Group reduced their price objective on TripAdvisor from $13.00 to $12.50 and set an “underperform” rating on the stock in a research report on Thursday, December 11th. Mizuho set a $17.00 target price on TripAdvisor and gave the company a “neutral” rating in a research report on Friday, November 14th. Finally, Zacks Research upgraded TripAdvisor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, TripAdvisor currently has an average rating of “Reduce” and a consensus target price of $16.34.

TripAdvisor Trading Down 9.5%

The company has a debt-to-equity ratio of 1.21, a current ratio of 1.33 and a quick ratio of 1.33. The firm’s fifty day moving average is $14.79 and its 200-day moving average is $16.20. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. TripAdvisor had a return on equity of 14.77% and a net margin of 4.23%.The company had revenue of $553.00 million for the quarter, compared to analyst estimates of $562.92 million. During the same quarter in the prior year, the company earned $0.50 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts anticipate that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

Institutional Trading of TripAdvisor

Large investors have recently made changes to their positions in the company. Certares Management LLC boosted its stake in 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. Federated Hermes Inc. lifted its holdings in shares of TripAdvisor by 375.4% in the second quarter. Federated Hermes Inc. now owns 2,137,374 shares of the travel company’s stock valued at $27,893,000 after purchasing an additional 1,687,816 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in TripAdvisor during the third quarter worth $26,848,000. Ameriprise Financial Inc. grew its holdings in TripAdvisor by 24.2% during the third quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock worth $120,585,000 after buying an additional 1,445,607 shares in the last quarter. Finally, Palliser Capital UK Ltd purchased a new stake in TripAdvisor in the 2nd quarter valued at $16,192,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.