Tripadvisor (NASDAQ:TRIP) Price Target Lowered to $17.00 at Truist Financial

Tripadvisor (NASDAQ:TRIP) had its target price decreased by Truist Financial from $21.00 to $17.00 in a research note published on Wednesday morning, Benzinga reports. Truist Financial currently has a hold rating on the travel company’s stock.

Several other analysts have also recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on Tripadvisor from $17.00 to $14.00 and set an underweight rating on the stock in a research report on Wednesday, August 7th. Wedbush reissued a neutral rating and set a $21.00 price objective on shares of Tripadvisor in a research report on Wednesday, August 7th. Mizuho reduced their target price on shares of Tripadvisor from $23.00 to $21.00 and set a neutral rating on the stock in a research report on Thursday, May 9th. UBS Group lowered their price target on shares of Tripadvisor from $20.00 to $18.00 and set a neutral rating for the company in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group cut their price objective on shares of Tripadvisor from $27.00 to $24.00 and set a buy rating on the stock in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Tripadvisor currently has a consensus rating of Hold and a consensus target price of $19.64.

Tripadvisor Stock Up 1.9 %

Shares of NASDAQ TRIP opened at $13.98 on Wednesday. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 93.21, a PEG ratio of 1.88 and a beta of 1.39. Tripadvisor has a 52 week low of $13.30 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. The firm’s fifty day moving average is $16.12 and its 200 day moving average is $20.91.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The business had revenue of $497.00 million for the quarter, compared to the consensus estimate of $504.76 million. During the same period in the previous year, the firm earned $0.21 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts expect that Tripadvisor will post 0.43 earnings per share for the current year.

Hedge Funds Weigh In On Tripadvisor

Several hedge funds and other institutional investors have recently bought and sold shares of TRIP. SYSTM Wealth Solutions LLC raised its holdings in shares of Tripadvisor by 10.5% during the first quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock valued at $126,000 after purchasing an additional 432 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Tripadvisor by 104.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after buying an additional 846 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Tripadvisor by 52.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock worth $54,000 after acquiring an additional 861 shares during the period. Swiss National Bank lifted its holdings in Tripadvisor by 0.6% in the first quarter. Swiss National Bank now owns 210,900 shares of the travel company’s stock valued at $5,861,000 after acquiring an additional 1,200 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in Tripadvisor by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock valued at $974,000 after acquiring an additional 1,200 shares during the period. Institutional investors own 98.99% of the company’s stock.

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.