Tripadvisor (NASDAQ:TRIP) Price Target Raised to $20.00

by · The Cerbat Gem

Tripadvisor (NASDAQ:TRIP – Free Report) had its target price boosted by B. Riley from $19.00 to $20.00 in a research report released on Thursday morning,Benzinga reports. B. Riley currently has a neutral rating on the travel company’s stock.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their target price on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. UBS Group cut their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday. BMO Capital Markets cut their price target on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. BTIG Research lowered their price target on Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, TD Cowen lifted their target price on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Tripadvisor has a consensus rating of “Hold” and a consensus target price of $18.33.

Read Our Latest Stock Report on TRIP

Tripadvisor Price Performance

Shares of TRIP stock traded up $0.03 during trading hours on Thursday, reaching $15.49. 2,799,735 shares of the company were exchanged, compared to its average volume of 2,350,110. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 66.74, a P/E/G ratio of 11.45 and a beta of 1.37. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week 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. The stock’s fifty day moving average is $14.75 and its two-hundred day moving average is $17.06.

Tripadvisor (NASDAQ:TRIP – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $497.00 million during the quarter, compared to analyst estimates of $504.76 million. Tripadvisor had a return on equity of 10.65% and a net margin of 1.98%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. Sell-side analysts forecast that Tripadvisor will post 0.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TRIP. Acadian Asset Management LLC lifted its stake in shares of Tripadvisor by 589.5% in the first quarter. Acadian Asset Management LLC now owns 34,946 shares of the travel company’s stock worth $970,000 after acquiring an additional 29,878 shares during the period. Tidal Investments LLC bought a new position in Tripadvisor during the 1st quarter worth approximately $4,638,000. Boston Partners acquired a new stake in shares of Tripadvisor during the first quarter worth $131,887,000. DekaBank Deutsche Girozentrale raised its stake 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 during the last quarter. Finally, U S Global Investors Inc. boosted its position in Tripadvisor by 71.8% during the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after acquiring an additional 632,353 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Tripadvisor Company Profile

(Get Free Report)

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.

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