Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) – Equities researchers at Jefferies Financial Group dropped their FY2023 earnings estimates for Tripadvisor in a note issued to investors on Monday, August 1st. Jefferies Financial Group analyst J. Colantuoni now anticipates that the travel company will earn $1.04 per share for the year, down from their previous estimate of $1.05. The consensus estimate for Tripadvisor’s current full-year earnings is $0.34 per share.
Other equities research analysts have also issued research reports about the stock. Truist Financial dropped their price objective on shares of Tripadvisor from $57.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. Citigroup reduced their target price on shares of Tripadvisor from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Monday, May 9th. UBS Group cut their price objective on shares of Tripadvisor from $28.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday. Ascendiant Capital Markets sets a $36.00 target price on shares of Tripadvisor in a research report on Monday, June 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Tripadvisor from $23.00 to $15.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Tripadvisor currently has a consensus rating of “Hold” and a consensus target price of $30.11.
Tripadvisor Price Performance
Shares of NASDAQ TRIP opened at $19.43 on Wednesday. The firm has a 50-day simple moving average of $20.17 and a 200-day simple moving average of $23.89. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.17. Tripadvisor has a 52 week low of $16.87 and a 52 week high of $39.41.
Tripadvisor (NASDAQ:TRIP – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The travel company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.03. The business had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $249.70 million. Tripadvisor had a negative net margin of 9.80% and a negative return on equity of 12.01%. The business’s quarterly revenue was up 113.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.56) EPS.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Exane Derivatives bought a new position in Tripadvisor during the first quarter valued at about $26,000. Venture Visionary Partners LLC bought a new position in Tripadvisor during the second quarter valued at about $39,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Tripadvisor by 44.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,745 shares of the travel company’s stock valued at $47,000 after purchasing an additional 536 shares during the last quarter. Endurance Wealth Management Inc. lifted its holdings in shares of Tripadvisor by 3,000.0% during the second quarter. Endurance Wealth Management Inc. now owns 3,100 shares of the travel company’s stock valued at $55,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Tripadvisor during the second quarter valued at $120,000. Institutional investors own 82.89% of the company’s stock.
Tripadvisor Company Profile
TripAdvisor, Inc. operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.
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