UBS Group Cuts Tripadvisor (NASDAQ:TRIP) Price Target to $18.00

Tripadvisor (NASDAQ:TRIP) had its price target dropped by equities research analysts at UBS Group from $20.00 to $18.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the travel company’s stock. UBS Group’s target price suggests a potential upside of 27.66% from the stock’s previous close.

Other analysts have also issued reports about the company. DA Davidson lowered Tripadvisor from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $31.00 to $20.00 in a research note on Thursday, May 9th. The Goldman Sachs Group reduced their price objective on Tripadvisor from $34.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. BMO Capital Markets reduced their price objective on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Tripadvisor from $25.00 to $17.00 and set an “underweight” rating on the stock in a research report on Thursday, May 9th. Finally, Wedbush reiterated a “neutral” rating and set a $21.00 price objective on shares of Tripadvisor in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.07.

Tripadvisor Stock Performance

Shares of NASDAQ:TRIP traded down $2.22 during trading on Wednesday, hitting $14.10. The stock had a trading volume of 3,979,170 shares, compared to its average volume of 2,390,575. Tripadvisor has a 12-month low of $14.01 and a 12-month high of $28.76. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 93.73, a price-to-earnings-growth ratio of 1.42 and a beta of 1.42. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.08. The stock has a 50-day simple moving average of $17.79 and a two-hundred day simple moving average of $22.16.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, May 8th. The travel company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.08. The firm had revenue of $395.00 million for the quarter, compared to analyst estimates of $390.93 million. Tripadvisor had a return on equity of 12.03% and a net margin of 1.32%. On average, equities research analysts expect that Tripadvisor will post 0.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

Institutional investors have recently added to or reduced their stakes in the company. 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 in the last quarter. Contrarius Investment Management Ltd acquired a new position in shares of Tripadvisor in the fourth quarter worth about $9,859,000. Oliver Luxxe Assets LLC acquired a new position in shares of Tripadvisor in the fourth quarter worth about $542,000. Tidal Investments LLC acquired a new position in shares of Tripadvisor in the first quarter worth about $4,638,000. Finally, Boston Partners acquired a new stake in Tripadvisor during the first quarter valued at approximately $131,887,000. 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.