Tripadvisor (NASDAQ:TRIP) Price Target Raised to $15.00

Tripadvisor (NASDAQ:TRIP) had its price target raised by JPMorgan Chase & Co. from $14.00 to $15.00 in a report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the travel company’s stock.

TRIP has been the topic of several other research reports. B. Riley increased their price target on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. TD Cowen raised their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Cantor Fitzgerald lowered their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, November 7th. DA Davidson restated a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a research note on Thursday. Finally, StockNews.com downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.71.

Tripadvisor Trading Down 8.4 %

Shares of TRIP stock opened at $15.11 on Friday. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The business’s 50 day moving average is $15.98 and its two-hundred day moving average is $15.00. The company has a market cap of $2.11 billion, a PE ratio of 755.88, a price-to-earnings-growth ratio of 9.01 and a beta of 1.34.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The company had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. Equities analysts predict that Tripadvisor will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CSS LLC IL bought a new position in shares of Tripadvisor during the fourth quarter valued at $379,000. Vident Advisory LLC increased its stake in shares of Tripadvisor by 22.9% in the fourth quarter. Vident Advisory LLC now owns 164,792 shares of the travel company’s stock valued at $2,434,000 after buying an additional 30,752 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Tripadvisor by 150,850.0% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,057 shares of the travel company’s stock valued at $134,000 after buying an additional 9,051 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Tripadvisor by 483.9% in the fourth quarter. Point72 Asset Management L.P. now owns 723,904 shares of the travel company’s stock valued at $10,692,000 after buying an additional 599,933 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in shares of Tripadvisor by 177.4% in the fourth quarter. Quantinno Capital Management LP now owns 108,689 shares of the travel company’s stock valued at $1,605,000 after buying an additional 69,508 shares in the last quarter. 98.99% of the stock is owned by 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.