Brokerages Set Tripadvisor, Inc. (NASDAQ:TRIP) Price Target at $17.50

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have received an average recommendation of “Reduce” from the fourteen research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $17.50.

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Wednesday, January 1st. TD Cowen increased their target price on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Citigroup decreased 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. Wedbush reiterated a “neutral” rating and set a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. Finally, Cantor Fitzgerald reduced their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in Tripadvisor by 167.6% in the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock valued at $73,431,000 after acquiring an additional 3,173,817 shares during the last quarter. River Road Asset Management LLC lifted its position in Tripadvisor by 33.3% during the 3rd 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 during the period. State Street Corp grew its position in shares of Tripadvisor by 1.0% during the 3rd quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock worth $50,102,000 after buying an additional 33,809 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Tripadvisor by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock worth $48,686,000 after buying an additional 95,138 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Tripadvisor by 15.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock worth $37,186,000 after buying an additional 334,961 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Trading Up 0.8 %

Tripadvisor stock opened at $15.35 on Friday. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 66.74, a price-to-earnings-growth ratio of 9.35 and a beta of 1.33. The business has a 50 day moving average price of $14.51 and a two-hundred day moving average price of $15.15. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The firm had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. During the same quarter in the previous year, the company earned $0.35 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. As a group, equities analysts forecast that Tripadvisor will post 0.37 EPS 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.