TD Cowen Raises Tripadvisor (NASDAQ:TRIP) Price Target to $20.00

Tripadvisor (NASDAQ:TRIP) had its price objective increased by stock analysts at TD Cowen from $15.00 to $20.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the travel company’s stock. TD Cowen’s target price indicates a potential upside of 28.62% from the company’s previous close.

TRIP has been the subject of a number of other research reports. JPMorgan Chase & Co. dropped their target price on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Wedbush reaffirmed a “neutral” rating and issued a $21.00 price target on shares of Tripadvisor in a research note on Wednesday, August 7th. Cantor Fitzgerald reduced their price target on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday. DA Davidson dropped their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, UBS Group lowered their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and an average target price of $18.60.

Tripadvisor Stock Performance

NASDAQ TRIP traded down $1.86 during trading hours on Thursday, hitting $15.55. 4,047,057 shares of the company’s stock traded hands, compared to its average volume of 2,341,662. The business’s fifty day moving average price is $14.74 and its two-hundred day moving average price is $17.07. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $2.16 billion, a P/E ratio of 103.67, a P/E/G ratio of 10.75 and a beta of 1.37. Tripadvisor has a 52 week low of $12.93 and a 52 week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $497.00 million during the quarter, compared to analyst estimates of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Equities research analysts predict that Tripadvisor will post 0.38 EPS for the current year.

Hedge Funds Weigh In On Tripadvisor

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Royce & Associates LP grew its position in shares of Tripadvisor by 75.7% during the third quarter. Royce & Associates LP now owns 57,090 shares of the travel company’s stock worth $827,000 after buying an additional 24,591 shares in the last quarter. KBC Group NV grew its position in shares of Tripadvisor by 65.3% during the third quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock worth $65,000 after buying an additional 1,777 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Tripadvisor by 544.8% during the third quarter. GSA Capital Partners LLP now owns 111,044 shares of the travel company’s stock worth $1,609,000 after buying an additional 93,822 shares in the last quarter. River Global Investors LLP grew its position in shares of Tripadvisor by 5.0% during the third quarter. River Global Investors LLP now owns 72,808 shares of the travel company’s stock worth $1,055,000 after buying an additional 3,500 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Tripadvisor in the third quarter valued at approximately $28,000. 98.99% of the stock is owned by institutional investors and hedge funds.

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.