Brokerages Set Tripadvisor, Inc. (NASDAQ:TRIP) PT at $18.33

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have received a consensus rating of “Hold” from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $18.33.

Several equities analysts recently commented on TRIP shares. Citigroup dropped their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Wedbush reiterated a “neutral” rating and issued a $21.00 price target on shares of Tripadvisor in a report on Wednesday, August 7th. BTIG Research reduced their target price on Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. B. Riley downgraded Tripadvisor from a “buy” rating to a “neutral” rating and lowered their price target for the company from $26.00 to $19.00 in a research report on Wednesday, August 7th. Finally, DA Davidson cut their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 12th.

Tripadvisor Stock Up 1.4 %

TRIP opened at $14.77 on Friday. The firm has a market cap of $2.05 billion, a P/E ratio of 98.47, a PEG ratio of 2.23 and a beta of 1.39. The business’s fifty day simple moving average is $14.87 and its 200 day simple moving average is $19.34. Tripadvisor has a 52 week low of $12.93 and a 52 week high of $28.76. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The firm had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $504.76 million. During the same period in the previous year, the company earned $0.21 EPS. Tripadvisor’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts anticipate that Tripadvisor will post 0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners purchased a new position in Tripadvisor in the first quarter valued at about $131,887,000. Pacer Advisors Inc. acquired a new position in shares of Tripadvisor in the 2nd quarter valued at approximately $33,731,000. Jupiter Asset Management Ltd. boosted its stake in shares of Tripadvisor by 1,150.2% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock valued at $30,001,000 after buying an additional 1,549,761 shares during the last quarter. Norges Bank acquired a new stake in shares of Tripadvisor during the fourth quarter worth approximately $27,807,000. Finally, AQR Capital Management LLC increased its stake 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 worth $41,364,000 after buying an additional 822,712 shares during the last quarter. 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.