Tripadvisor (NASDAQ:TRIP) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Thursday, January 11th. Wells Fargo & Co reiterated a “market perform” rating and set a $33.00 target price (down from $42.00) on shares of Tripadvisor in a research report on Wednesday, November 8th. Hilliard Lyons downgraded Tripadvisor from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Royal Bank of Canada reiterated a “hold” rating and set a $38.00 target price on shares of Tripadvisor in a research report on Friday, November 3rd. Finally, Oppenheimer reiterated a “hold” rating on shares of Tripadvisor in a research report on Sunday, December 17th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $39.42.

Tripadvisor (NASDAQ:TRIP) opened at $34.62 on Friday. Tripadvisor has a 52 week low of $29.50 and a 52 week high of $53.29. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4,830.00, a P/E ratio of 73.66, a price-to-earnings-growth ratio of 4.19 and a beta of 2.33.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $451.27 million. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. equities analysts anticipate that Tripadvisor will post 0.69 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of TRIP. Matrix Capital Management Company LP increased its stake in Tripadvisor by 152.3% in the second quarter. Matrix Capital Management Company LP now owns 3,532,600 shares of the travel company’s stock worth $134,945,000 after purchasing an additional 2,132,600 shares during the period. ANTIPODES PARTNERS Ltd purchased a new stake in Tripadvisor in the fourth quarter worth $61,301,000. Allianz Asset Management GmbH purchased a new stake in Tripadvisor in the third quarter worth $56,957,000. Sumitomo Mitsui Asset Management Company LTD increased its stake in Tripadvisor by 12,501.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,377,381 shares of the travel company’s stock worth $55,825,000 after purchasing an additional 1,366,451 shares during the period. Finally, Carmignac Gestion increased its stake in Tripadvisor by 9.4% in the third quarter. Carmignac Gestion now owns 6,851,065 shares of the travel company’s stock worth $277,674,000 after purchasing an additional 585,879 shares during the period. Institutional investors own 89.97% of the company’s stock.

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Tripadvisor Company Profile

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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