Tripadvisor, Inc. (NASDAQ:TRIP) Receives $17.50 Consensus Target Price from Analysts

Tripadvisor, Inc. (NASDAQ:TRIP) has been given an average rating of “Reduce” by the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $17.50.

A number of research firms have issued reports on TRIP. TD Cowen boosted their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. B. Riley boosted their price objective on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday. Cantor Fitzgerald lowered their price target on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, November 7th. Finally, UBS Group cut their price objective on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th.

Tripadvisor Trading Down 1.8 %

Shares of NASDAQ TRIP opened at $15.08 on Friday. Tripadvisor has a 12-month low of $12.93 and a 12-month high of $28.76. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 65.57, a price-to-earnings-growth ratio of 9.35 and a beta of 1.33. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock’s 50 day simple moving average is $14.47 and its 200 day simple moving average is $15.15.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The firm had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts expect that Tripadvisor will post 0.37 EPS for the current year.

Institutional Investors Weigh In On Tripadvisor

Hedge funds have recently made changes to their positions in the company. U S Global Investors Inc. raised its stake in Tripadvisor by 71.8% during the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after purchasing an additional 632,353 shares during the period. Charles Schwab Investment Management Inc. raised its position in Tripadvisor by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock valued at $17,378,000 after buying an additional 55,115 shares during the period. Victory Capital Management Inc. lifted its stake in Tripadvisor by 214.8% in the 2nd quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock worth $3,138,000 after acquiring an additional 120,209 shares in the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new stake in Tripadvisor during the 3rd quarter worth about $5,159,000. Finally, Confluence Investment Management LLC grew its stake in Tripadvisor by 43.6% during the 4th quarter. Confluence Investment Management LLC now owns 233,858 shares of the travel company’s stock valued at $3,454,000 after acquiring an additional 70,960 shares in the last quarter. Hedge funds and other institutional investors own 98.99% 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: 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.