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

Tripadvisor (NASDAQ:TRIP) had its price target lowered by Truist Financial from $18.00 to $17.00 in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has a hold rating on the travel company’s stock.

A number of other brokerages also recently issued reports on TRIP. Barclays decreased their price objective on Tripadvisor from $15.00 to $14.00 and set an underweight rating on the stock in a research report on Friday, August 4th. DA Davidson decreased their price objective on Tripadvisor from $28.00 to $25.00 in a research report on Monday, May 22nd. Wedbush started coverage on Tripadvisor in a research report on Monday, August 21st. They set a neutral rating and a $17.00 price objective on the stock. B. Riley started coverage on Tripadvisor in a report on Thursday, June 22nd. They issued a buy rating and a $25.00 price target on the stock. Finally, Citigroup reduced their price target on Tripadvisor from $21.00 to $18.00 in a report on Thursday, June 22nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Tripadvisor currently has a consensus rating of Hold and an average target price of $20.67.

Tripadvisor Price Performance

Shares of Tripadvisor stock opened at $16.15 on Friday. Tripadvisor has a 12 month low of $14.39 and a 12 month high of $27.30. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 1.14. The stock has a 50 day moving average of $16.32 and a 200 day moving average of $17.07. The firm has a market cap of $2.23 billion, a PE ratio of -80.75 and a beta of 1.42.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, August 2nd. The travel company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Tripadvisor had a positive return on equity of 4.87% and a negative net margin of 1.61%. The business had revenue of $494.00 million for the quarter, compared to the consensus estimate of $474.01 million. On average, research analysts expect that Tripadvisor will post 0.42 EPS for the current fiscal year.

Institutional Trading of Tripadvisor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its position in shares of Tripadvisor by 3.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 12,368 shares of the travel company’s stock worth $335,000 after purchasing an additional 466 shares in the last quarter. Raymond James & Associates raised its stake in Tripadvisor by 56.5% in the 1st quarter. Raymond James & Associates now owns 16,107 shares of the travel company’s stock worth $437,000 after acquiring an additional 5,813 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Tripadvisor by 435.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 60,450 shares of the travel company’s stock worth $1,639,000 after acquiring an additional 49,157 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Tripadvisor in the 1st quarter worth $899,000. Finally, MetLife Investment Management LLC raised its stake in Tripadvisor by 39.1% in the 1st quarter. MetLife Investment Management LLC now owns 66,790 shares of the travel company’s stock worth $1,811,000 after acquiring an additional 18,789 shares during the last quarter. Institutional investors own 74.17% of the company’s stock.

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: Tripadvisor Core, Viator, and TheFork. The Tripadvisor Core 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.