TripAdvisor (NASDAQ:TRIP) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of TripAdvisor (NASDAQ:TRIP) from a buy rating to a hold rating in a report issued on Saturday morning.

Several other analysts also recently commented on the stock. UBS Group lowered their target price on shares of TripAdvisor from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Wedbush decreased their price objective on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday. Cantor Fitzgerald set a $10.00 target price on shares of TripAdvisor and gave the stock an “underweight” rating in a research report on Friday. Jefferies Financial Group cut their target price on TripAdvisor from $13.00 to $12.50 and set an “underperform” rating on the stock in a research note on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TripAdvisor in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, TripAdvisor currently has an average rating of “Reduce” and a consensus target price of $15.21.

TripAdvisor Stock Performance

Shares of TripAdvisor stock opened at $9.61 on Friday. TripAdvisor has a 52 week low of $9.46 and a 52 week high of $20.16. The company has a quick ratio of 1.33, a current ratio of 1.29 and a debt-to-equity ratio of 1.33. The business has a 50 day moving average price of $13.69 and a 200-day moving average price of $15.43. The company has a market cap of $1.12 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 0.83 and a beta of 1.01.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, February 12th. The travel company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.11). TripAdvisor had a return on equity of 10.67% and a net margin of 2.12%.The company had revenue of $411.00 million for the quarter, compared to the consensus estimate of $412.53 million. During the same quarter last year, the company posted $0.30 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. Equities analysts anticipate that TripAdvisor will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TripAdvisor

Several institutional investors and hedge funds have recently bought and sold shares of the company. Certares Management LLC raised its stake in shares of TripAdvisor by 177.3% in the second quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock valued at $62,011,000 after buying an additional 3,037,959 shares during the period. Federated Hermes Inc. increased its holdings in TripAdvisor by 375.4% in the 2nd quarter. Federated Hermes Inc. now owns 2,137,374 shares of the travel company’s stock worth $27,893,000 after acquiring an additional 1,687,816 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in TripAdvisor in the 3rd quarter worth about $26,848,000. Ameriprise Financial Inc. raised its stake in TripAdvisor by 24.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock valued at $120,585,000 after acquiring an additional 1,445,607 shares during the period. Finally, Palliser Capital UK Ltd bought a new stake in TripAdvisor in the 2nd quarter valued at about $16,192,000. 98.99% of the stock is owned by institutional investors.

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.