Tripadvisor (NASDAQ:TRIP) Price Target Cut to $16.00

Tripadvisor (NASDAQ:TRIP) had its target price reduced by research analysts at Citigroup from $20.00 to $16.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the travel company’s stock. Citigroup’s price target would indicate a potential upside of 8.18% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. UBS Group lowered their target price on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. B. Riley lowered shares of Tripadvisor from a “buy” rating to a “neutral” rating and cut their target price for the stock from $26.00 to $19.00 in a research note on Wednesday, August 7th. BTIG Research reduced their price target on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. dropped their price objective on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Finally, Truist Financial reduced their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Three 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’s stock. Based on data from MarketBeat.com, Tripadvisor has a consensus rating of “Hold” and an average target price of $18.33.

Tripadvisor Trading Up 1.4 %

Shares of Tripadvisor stock traded up $0.21 during midday trading on Tuesday, reaching $14.79. The company had a trading volume of 624,398 shares, compared to its average volume of 2,419,729. The firm has a market cap of $2.06 billion, a PE ratio of 98.60, a P/E/G ratio of 1.76 and a beta of 1.39. The stock has a fifty day moving average price of $15.13 and a 200 day moving average price of $19.68. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.68 and a quick ratio of 1.68. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76.

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

Institutional Investors Weigh In On Tripadvisor

A number of institutional investors and hedge funds have recently bought and sold shares of TRIP. Fifth Third Bancorp raised its holdings in shares of Tripadvisor by 104.1% in the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after purchasing an additional 846 shares during the last quarter. Quest Partners LLC lifted its position in shares of Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after buying an additional 2,564 shares in the last quarter. Gladius Capital Management LP purchased a new position in shares of Tripadvisor in the 2nd quarter worth approximately $79,000. Future Financial Wealth Managment LLC bought a new position in shares of Tripadvisor in the first quarter valued at approximately $83,000. Finally, SYSTM Wealth Solutions LLC increased its position 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 acquiring an additional 432 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

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.