Tripadvisor, Inc. (NASDAQ:TRIP) Receives $17.57 Average PT from Analysts

Tripadvisor, Inc. (NASDAQ:TRIP) has been given a consensus recommendation of “Reduce” by the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $17.57.

Several analysts have recently weighed in on TRIP shares. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a report on Thursday, February 20th. B. Riley decreased their price target on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Cantor Fitzgerald decreased their price target on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Friday, February 21st.

Institutional Investors Weigh In On Tripadvisor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC acquired a new stake in shares of Tripadvisor during the third quarter worth $27,000. Bogart Wealth LLC acquired a new stake in shares of Tripadvisor during the fourth quarter worth $30,000. Blue Trust Inc. raised its holdings in shares of Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after acquiring an additional 1,543 shares during the period. Aster Capital Management DIFC Ltd raised its holdings in shares of Tripadvisor by 83.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock worth $50,000 after acquiring an additional 1,557 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Tripadvisor by 204.7% during the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock worth $54,000 after acquiring an additional 2,469 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Tripadvisor Stock Performance

NASDAQ TRIP opened at $14.89 on Friday. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 744.87, a PEG ratio of 9.01 and a beta of 1.35. The company has a 50 day moving average of $15.91 and a 200-day moving average of $15.02. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. Tripadvisor has a 1-year low of $12.93 and a 1-year high of $28.64.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. On average, equities analysts forecast that Tripadvisor will post 0.46 earnings per share for the current fiscal year.

Tripadvisor Company Profile

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.