Tripadvisor (TRIP) Downgraded by ValuEngine to “Sell”
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.
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.
ILLEGAL ACTIVITY WARNING: This piece was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://theolympiareport.com/2018/02/02/tripadvisor-trip-downgraded-by-valuengine-to-sell.html.
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.
Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.