Tripadvisor (NASDAQ:TRIP) Shares Gap Down to $25.48

Tripadvisor, Inc. (NASDAQ:TRIP)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $25.48, but opened at $17.41. Tripadvisor shares last traded at $18.06, with a volume of 13,063,170 shares trading hands.

Wall Street Analysts Forecast Growth

TRIP has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Tripadvisor from $23.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. TheStreet upgraded Tripadvisor from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th. Mizuho lifted their target price on Tripadvisor from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Citigroup lifted their price objective on shares of Tripadvisor from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, B. Riley reiterated a “buy” rating and set a $34.00 price target (up from $27.00) on shares of Tripadvisor in a report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $24.12.

Tripadvisor Price Performance

The company has a debt-to-equity ratio of 1.02, a current ratio of 2.27 and a quick ratio of 2.27. The stock’s fifty day moving average is $26.82 and its 200-day moving average is $22.51. The stock has a market capitalization of $2.49 billion, a PE ratio of 305.67, a P/E/G ratio of 1.62 and a beta of 1.56.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.14. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. The business had revenue of $390.00 million for the quarter, compared to analyst estimates of $372.93 million. As a group, equities analysts predict that Tripadvisor, Inc. will post 0.88 earnings per share for the current fiscal year.

Institutional Trading of Tripadvisor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale purchased a new position in Tripadvisor in the 3rd quarter valued at $34,000. International Assets Investment Management LLC raised its holdings in Tripadvisor by 2,053.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock worth $46,000 after purchasing an additional 2,053 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Tripadvisor by 52.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock valued at $54,000 after purchasing an additional 861 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Tripadvisor in the 1st quarter valued at approximately $83,000. Finally, SYSTM Wealth Solutions LLC increased its position in Tripadvisor by 10.5% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock worth $126,000 after purchasing an additional 432 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

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.