Tripadvisor, Inc. (NASDAQ:TRIP) Receives $21.76 Consensus Price Target from Brokerages

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have been assigned an average rating of “Hold” from the eighteen research firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $21.76.

TRIP has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Tripadvisor from $25.00 to $17.00 and set an “underweight” rating on the stock in a research note on Thursday, May 9th. Wedbush reissued a “neutral” rating and issued a $21.00 price objective on shares of Tripadvisor in a research note on Friday, May 24th. Citigroup boosted their target price on shares of Tripadvisor from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. DA Davidson lowered shares of Tripadvisor from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $31.00 to $20.00 in a research report on Thursday, May 9th. Finally, Barclays decreased their target price on shares of Tripadvisor from $20.00 to $15.00 and set an “underweight” rating on the stock in a research report on Friday, May 10th.

Institutional Investors Weigh In On Tripadvisor

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC raised its stake in Tripadvisor by 2,053.0% in the 4th quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock valued at $46,000 after purchasing an additional 2,053 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Tripadvisor by 52.6% in the 4th 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 last quarter. Gladius Capital Management LP acquired a new position in Tripadvisor in the 2nd quarter valued at about $79,000. Future Financial Wealth Managment LLC acquired a new position in Tripadvisor in the 1st quarter valued at about $83,000. Finally, Tower Research Capital LLC TRC raised its stake in Tripadvisor by 46.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,158 shares of the travel company’s stock valued at $111,000 after purchasing an additional 1,641 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Stock Performance

Shares of TRIP opened at $17.67 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $2.46 billion, a P/E ratio of 117.81, a P/E/G ratio of 1.59 and a beta of 1.42. The company’s fifty day moving average is $18.03 and its two-hundred day moving average is $22.40. Tripadvisor has a 1 year low of $14.15 and a 1 year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, May 8th. The travel company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.08. The company had revenue of $395.00 million for the quarter, compared to analysts’ expectations of $390.93 million. Tripadvisor had a net margin of 1.32% and a return on equity of 12.03%. On average, sell-side analysts predict that Tripadvisor will post 0.62 earnings per share for the current year.

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.