Tripadvisor (NASDAQ:TRIP) Shares Gap Down to $22.55

Tripadvisor, Inc. (NASDAQ:TRIPGet Free Report) gapped down prior to trading on Friday . The stock had previously closed at $22.55, but opened at $22.03. Tripadvisor shares last traded at $21.45, with a volume of 544,791 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TRIP. The Goldman Sachs Group began coverage on Tripadvisor in a report on Tuesday, October 17th. They set a “buy” rating and a $22.00 price objective on the stock. Wedbush reaffirmed a “neutral” rating and set a $20.00 price objective (up previously from $17.00) on shares of Tripadvisor in a report on Tuesday, November 7th. Sanford C. Bernstein upgraded Tripadvisor from a “market perform” rating to an “outperform” rating in a research report on Monday, November 13th. JPMorgan Chase & Co. boosted their target price on Tripadvisor from $15.00 to $18.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 8th. Finally, BTIG Research upgraded Tripadvisor from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, December 14th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.67.

View Our Latest Report on Tripadvisor

Tripadvisor Price Performance

The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -120.61, a price-to-earnings-growth ratio of 1.36 and a beta of 1.51. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.08. The company has a 50 day simple moving average of $20.54 and a 200 day simple moving average of $17.80.

Institutional Investors Weigh In On Tripadvisor

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRIP. Envestnet Asset Management Inc. increased its stake in Tripadvisor by 3.9% during the first quarter. Envestnet Asset Management Inc. now owns 12,368 shares of the travel company’s stock worth $335,000 after acquiring an additional 466 shares during the last quarter. Raymond James & Associates grew its stake in shares of Tripadvisor by 56.5% in the first quarter. Raymond James & Associates now owns 16,107 shares of the travel company’s stock valued at $437,000 after buying an additional 5,813 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Tripadvisor by 435.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 60,450 shares of the travel company’s stock valued at $1,639,000 after buying an additional 49,157 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Tripadvisor in the first quarter valued at about $899,000. Finally, MetLife Investment Management LLC grew its stake in shares of Tripadvisor by 39.1% in the first quarter. MetLife Investment Management LLC now owns 66,790 shares of the travel company’s stock valued at $1,811,000 after buying an additional 18,789 shares in the last quarter. 74.17% of the stock is currently owned by institutional investors and hedge funds.

Tripadvisor Company Profile

(Get Free Report)

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Tripadvisor Core, Viator, and TheFork. The Tripadvisor Core segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.

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