Tripadvisor (NASDAQ:TRIP) Stock Price Expected to Rise, B. Riley Analyst Says

Tripadvisor (NASDAQ:TRIP) had its price target increased by B. Riley from $19.00 to $20.00 in a report released on Thursday,Benzinga reports. They currently have a neutral rating on the travel company’s stock.

Several other research firms have also recently commented on TRIP. Citigroup cut their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. Truist Financial lowered their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. The Goldman Sachs Group lowered their price objective on Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 8th. TD Cowen boosted their price objective on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday. Finally, Cantor Fitzgerald lowered their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Trading Up 0.2 %

NASDAQ:TRIP opened at $15.49 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. Tripadvisor has a one year low of $12.93 and a one year high of $28.76. The business’s 50-day simple moving average is $14.77 and its 200 day simple moving average is $16.92. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 67.35, a price-to-earnings-growth ratio of 11.45 and a beta of 1.37.

Institutional Investors Weigh In On Tripadvisor

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Boston Partners purchased a new stake in shares of Tripadvisor in the first quarter valued at $131,887,000. River Road Asset Management LLC lifted its holdings in shares of Tripadvisor by 33.3% in the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after purchasing an additional 917,689 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Tripadvisor by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock valued at $48,686,000 after purchasing an additional 95,138 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Tripadvisor by 53.0% in the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock valued at $41,364,000 after purchasing an additional 822,712 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of Tripadvisor by 4.9% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company’s stock valued at $40,822,000 after purchasing an additional 107,154 shares in the last quarter. Institutional investors and hedge funds 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.