Tripadvisor (NASDAQ:TRIP) Downgraded to Sell at ValuEngine

ValuEngine downgraded shares of Tripadvisor (NASDAQ:TRIP) from a hold rating to a sell rating in a report published on Friday, February 2nd.

Several other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Tripadvisor from a hold rating to a sell rating in a report on Tuesday, October 10th. Royal Bank of Canada restated a hold rating and issued a $38.00 target price on shares of Tripadvisor in a report on Friday, November 3rd. Jefferies Group restated a sell rating and issued a $35.00 target price on shares of Tripadvisor in a report on Tuesday, October 31st. Wells Fargo & Co restated a market perform rating and issued a $33.00 target price (down previously from $42.00) on shares of Tripadvisor in a report on Wednesday, November 8th. Finally, Deutsche Bank lowered their target price on shares of Tripadvisor from $40.00 to $37.00 and set a hold rating for the company in a report on Tuesday, October 24th. Eight equities research analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $39.42.

Tripadvisor (TRIP) opened at $37.71 on Friday. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. Tripadvisor has a twelve month low of $29.50 and a twelve month high of $53.29. The company has a market cap of $5,240.00, a P/E ratio of 80.23, a price-to-earnings-growth ratio of 4.42 and a beta of 2.22.

In related news, CFO Ernst 02494 Teunissen sold 9,457 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total transaction of $378,280.00. Following the completion of the sale, the chief financial officer now owns 13,866 shares in the company, valued at approximately $554,640. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.09% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in TRIP. FNY Managed Accounts LLC purchased a new position in Tripadvisor during the 3rd quarter worth $101,000. SeaCrest Wealth Management LLC purchased a new position in Tripadvisor during the 4th quarter worth $104,000. NuWave Investment Management LLC purchased a new position in Tripadvisor during the 4th quarter worth $116,000. Steward Partners Investment Advisory LLC raised its position in Tripadvisor by 164.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock worth $168,000 after buying an additional 3,037 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in Tripadvisor during the 4th quarter worth $180,000. Institutional investors own 90.33% of the company’s stock.

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Tripadvisor Company Profile

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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