Analysts Set Tripadvisor, Inc. (NASDAQ:TRIP) Price Target at $18.33

Tripadvisor, Inc. (NASDAQ:TRIP) has earned an average rating of “Hold” from the sixteen research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $18.33.

A number of analysts have weighed in on the company. The Goldman Sachs Group decreased their price target on Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 8th. B. Riley cut Tripadvisor from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $26.00 to $19.00 in a research note on Wednesday, August 7th. DA Davidson dropped their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. BTIG Research reduced their price objective on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, BMO Capital Markets lowered their price objective on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th.

Institutional Trading of Tripadvisor

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC lifted its stake in Tripadvisor by 589.5% in the 1st quarter. Acadian Asset Management LLC now owns 34,946 shares of the travel company’s stock worth $970,000 after purchasing an additional 29,878 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Tripadvisor in the first quarter worth $4,638,000. Boston Partners bought a new stake in Tripadvisor during the first quarter valued at $131,887,000. DekaBank Deutsche Girozentrale grew its position in Tripadvisor by 9,356.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock worth $5,477,000 after buying an additional 193,400 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Tripadvisor by 406.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company’s stock worth $13,119,000 after acquiring an additional 591,251 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Stock Performance

Tripadvisor stock opened at $15.25 on Tuesday. The business has a 50 day moving average of $14.40 and a 200-day moving average of $17.75. The company has a market capitalization of $2.11 billion, a P/E ratio of 101.67, a P/E/G ratio of 2.30 and a beta of 1.39. Tripadvisor has a 1 year low of $12.93 and a 1 year high of $28.76. 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 (NASDAQ:TRIP) last posted its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The business had revenue of $497.00 million during the quarter, compared to the consensus estimate of $504.76 million. During the same period in the prior year, the business posted $0.21 earnings per share. Tripadvisor’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts predict that Tripadvisor will post 0.37 earnings per share 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.