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

Tripadvisor, Inc. (NASDAQ:TRIP) has received a consensus recommendation of “Reduce” from the fourteen research firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $17.50.

Several equities research analysts recently commented on TRIP shares. TD Cowen boosted their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. DA Davidson reissued a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. UBS Group cut their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Cantor Fitzgerald cut their price target on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, November 7th. Finally, B. Riley boosted their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Tripadvisor during the 4th quarter worth approximately $295,000. U S Global Investors Inc. lifted its holdings in shares of 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 worth $21,917,000 after acquiring an additional 632,353 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Tripadvisor by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock worth $17,378,000 after acquiring an additional 55,115 shares during the period. Boussard & Gavaudan Investment Management LLP bought a new stake in shares of Tripadvisor during the 3rd quarter worth approximately $5,159,000. Finally, Confluence Investment Management LLC lifted its holdings in shares of Tripadvisor by 43.6% during the 4th quarter. Confluence Investment Management LLC now owns 233,858 shares of the travel company’s stock worth $3,454,000 after acquiring an additional 70,960 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Trading Up 0.2 %

TRIP opened at $17.47 on Thursday. The stock has a market capitalization of $2.43 billion, a P/E ratio of 75.96, a P/E/G ratio of 9.59 and a beta of 1.34. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76. The firm’s fifty day simple moving average is $15.16 and its 200 day simple moving average is $14.97. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. As a group, research analysts anticipate that Tripadvisor will post 0.36 EPS for the current fiscal year.

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.