Tripadvisor (NASDAQ:TRIP) Price Target Cut to $18.00 by Analysts at B. Riley

Tripadvisor (NASDAQ:TRIP) had its price objective reduced by stock analysts at B. Riley from $20.00 to $18.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the travel company’s stock. B. Riley’s price objective would indicate a potential upside of 32.60% from the company’s current price.

Other analysts also recently issued research reports about the company. DA Davidson reiterated a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research note on Thursday, February 20th. UBS Group reaffirmed a “neutral” rating on shares of Tripadvisor in a research report on Tuesday, February 4th. Wedbush reiterated a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. JPMorgan Chase & Co. boosted their price objective on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, February 21st. Finally, Cantor Fitzgerald lowered their target price on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and an average price target of $17.57.

Tripadvisor Stock Down 4.2 %

TRIP traded down $0.60 during midday trading on Monday, hitting $13.58. 1,124,193 shares of the company’s stock traded hands, compared to its average volume of 2,657,216. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. The company has a market cap of $1.91 billion, a PE ratio of 682.59, a price-to-earnings-growth ratio of 9.01 and a beta of 1.35. The stock’s fifty day simple moving average is $16.07 and its 200-day simple moving average is $15.03. Tripadvisor has a one year low of $12.93 and a one year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The business had revenue of $411.00 million for the quarter, compared to the consensus estimate of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. As a group, equities analysts anticipate that Tripadvisor will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Several large investors have recently added to or reduced their stakes in TRIP. True Wealth Design LLC acquired a new stake in shares of Tripadvisor during the 3rd quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new position in Tripadvisor in the third quarter worth $28,000. Bogart Wealth LLC acquired a new stake in Tripadvisor during the fourth quarter worth $30,000. Blue Trust Inc. increased its holdings in Tripadvisor by 204.4% in the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after buying an additional 1,543 shares during the period. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of Tripadvisor by 83.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after buying an additional 1,557 shares in the last quarter. Institutional investors and hedge funds 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.