Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) – Jefferies Financial Group lowered their FY2022 earnings estimates for Tripadvisor in a research note issued on Monday, November 14th. Jefferies Financial Group analyst J. Colantuoni now anticipates that the travel company will post earnings per share of $0.02 for the year, down from their prior forecast of $0.33. Jefferies Financial Group has a “Underperform” rating and a $18.00 price target on the stock. The consensus estimate for Tripadvisor’s current full-year earnings is $0.10 per share. Jefferies Financial Group also issued estimates for Tripadvisor’s Q4 2022 earnings at ($0.09) EPS, Q1 2023 earnings at ($0.04) EPS, Q3 2023 earnings at $0.46 EPS, FY2023 earnings at $0.84 EPS, FY2024 earnings at $0.94 EPS and FY2025 earnings at $1.01 EPS.
A number of other equities research analysts also recently commented on the stock. Citigroup reduced their price objective on shares of Tripadvisor from $27.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, November 9th. StockNews.com downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Friday, November 11th. Truist Financial reduced their price objective on shares of Tripadvisor from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Credit Suisse Group dropped their target price on shares of Tripadvisor to $28.00 in a report on Tuesday. Finally, Barclays dropped their target price on shares of Tripadvisor from $22.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, November 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $24.64.
Tripadvisor Stock Performance
Shares of NASDAQ:TRIP opened at $20.34 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.28 and a current ratio of 2.28. Tripadvisor has a 52 week low of $16.87 and a 52 week high of $30.91. The company has a 50-day moving average price of $23.15 and a 200 day moving average price of $22.51.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of TRIP. IFP Advisors Inc grew its stake in Tripadvisor by 76.6% in the 3rd quarter. IFP Advisors Inc now owns 1,199 shares of the travel company’s stock worth $76,000 after acquiring an additional 520 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in Tripadvisor in the 3rd quarter worth approximately $32,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Tripadvisor by 44.3% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,745 shares of the travel company’s stock worth $47,000 after acquiring an additional 536 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Tripadvisor in the 2nd quarter worth approximately $37,000. Finally, Venture Visionary Partners LLC purchased a new stake in Tripadvisor in the 2nd quarter worth approximately $39,000. 92.76% of the stock is owned by hedge funds and other institutional investors.
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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