Tripadvisor (NASDAQ:TRIP) Shares Gap Up – What’s Next?

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) gapped up prior to trading on Thursday . The stock had previously closed at $12.95, but opened at $14.39. Tripadvisor shares last traded at $14.48, with a volume of 1,436,049 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TRIP shares. Cantor Fitzgerald lowered their price target on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. Truist Financial lowered their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. StockNews.com cut Tripadvisor from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. DA Davidson restated a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a research note on Thursday. Finally, B. Riley raised their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Tripadvisor presently has an average rating of “Hold” and a consensus price target of $18.33.

Tripadvisor Stock Down 0.7 %

The stock’s fifty day simple moving average is $14.66 and its 200-day simple moving average is $15.51. The stock has a market cap of $1.92 billion, a P/E ratio of 59.96, a P/E/G ratio of 9.35 and a beta of 1.36. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The business had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $527.86 million. During the same period in the previous year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, research analysts forecast that Tripadvisor, Inc. will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

Several institutional investors and hedge funds have recently bought and sold shares of TRIP. Virtu Financial LLC acquired a new position in shares of Tripadvisor in the 3rd quarter valued at approximately $201,000. Geode Capital Management LLC increased its stake in Tripadvisor by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company’s stock valued at $26,421,000 after acquiring an additional 18,059 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Tripadvisor by 7.4% during the third quarter. Public Employees Retirement System of Ohio now owns 52,534 shares of the travel company’s stock valued at $761,000 after purchasing an additional 3,604 shares in the last quarter. XTX Topco Ltd bought a new stake in Tripadvisor during the third quarter worth $208,000. Finally, National Bank of Canada FI boosted its holdings in shares of Tripadvisor by 31.2% in the 3rd quarter. National Bank of Canada FI now owns 59,455 shares of the travel company’s stock valued at $862,000 after purchasing an additional 14,129 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

About Tripadvisor

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: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor 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.