BidaskClub Downgrades Tripadvisor (NASDAQ:TRIP) to Strong Sell

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Tripadvisor (NASDAQ:TRIP) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday, BidAskClub reports.

Several other research firms have also issued reports on TRIP. DA Davidson reduced their target price on shares of Tripadvisor to $44.00 and set a “buy” rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. lowered shares of Tripadvisor from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $48.00 to $28.00 in a report on Friday, November 8th. Cowen set a $39.00 price objective on shares of Tripadvisor and gave the company a “sell” rating in a report on Friday, August 9th. Deutsche Bank cut their price objective on shares of Tripadvisor from $54.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus cut their price objective on shares of Tripadvisor from $44.00 to $36.00 and set a “hold” rating for the company in a report on Friday, November 8th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $44.93.

Tripadvisor stock traded up $0.89 during midday trading on Friday, hitting $32.03. The stock had a trading volume of 122,303 shares, compared to its average volume of 2,850,156. The firm’s fifty day moving average is $37.87 and its two-hundred day moving average is $42.48. The company has a market capitalization of $4.33 billion, a PE ratio of 30.51, a P/E/G ratio of 1.76 and a beta of 1.37. Tripadvisor has a 52-week low of $29.27 and a 52-week high of $65.41.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 6th. The travel company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The company had revenue of $428.00 million during the quarter, compared to analyst estimates of $459.39 million. Tripadvisor had a net margin of 7.44% and a return on equity of 9.18%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 EPS. On average, equities research analysts anticipate that Tripadvisor will post 1.19 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cullen Frost Bankers Inc. bought a new position in shares of Tripadvisor during the 2nd quarter valued at approximately $27,000. MUFG Americas Holdings Corp boosted its position in shares of Tripadvisor by 136.1% during the 2nd quarter. MUFG Americas Holdings Corp now owns 687 shares of the travel company’s stock valued at $32,000 after acquiring an additional 396 shares during the last quarter. Glassman Wealth Services boosted its position in shares of Tripadvisor by 4,518.8% during the 2nd quarter. Glassman Wealth Services now owns 739 shares of the travel company’s stock valued at $34,000 after acquiring an additional 723 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Tripadvisor during the 3rd quarter valued at approximately $37,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Tripadvisor during the 2nd quarter valued at approximately $79,000. 81.89% of the stock is owned by institutional investors and hedge funds.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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