Tripadvisor, Inc. (NASDAQ:TRIP) Receives $17.57 Average Target Price from Analysts

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have been assigned an average recommendation of “Reduce” from the fourteen research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $17.57.

Several equities research analysts have issued reports on TRIP shares. B. Riley lowered their price target on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. UBS Group restated a “neutral” rating on shares of Tripadvisor in a research note on Tuesday, February 4th. DA Davidson restated a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a research note on Thursday, February 20th. 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 price objective 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.

Tripadvisor Stock Down 0.6 %

Shares of TRIP stock opened at $14.89 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. Tripadvisor has a 1 year low of $12.93 and a 1 year high of $28.64. The firm’s fifty day moving average price is $15.91 and its two-hundred day moving average price is $15.02. The firm has a market capitalization of $2.09 billion, a P/E ratio of 744.87, a PEG ratio of 9.01 and a beta of 1.35.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share (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 business had revenue of $411.00 million during the quarter, compared to analyst estimates of $400.02 million. On average, equities analysts predict that Tripadvisor will post 0.46 EPS for the current fiscal year.

Institutional Trading of Tripadvisor

A number of institutional investors have recently bought and sold shares of TRIP. KBC Group NV boosted its holdings in Tripadvisor by 65.3% in the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after purchasing an additional 1,777 shares during the period. Royce & Associates LP boosted its holdings in Tripadvisor by 75.7% in the 3rd quarter. Royce & Associates LP now owns 57,090 shares of the travel company’s stock valued at $827,000 after purchasing an additional 24,591 shares during the period. Landscape Capital Management L.L.C. bought a new stake in Tripadvisor in the 3rd quarter valued at about $2,788,000. Pacer Advisors Inc. boosted its holdings in Tripadvisor by 167.6% in the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock valued at $73,431,000 after purchasing an additional 3,173,817 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Tripadvisor by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock valued at $17,378,000 after purchasing an additional 55,115 shares during the period. Institutional investors own 98.99% of the company’s stock.

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.