Tripadvisor, Inc. (NASDAQ:TRIP) Receives $19.93 Average PT from Analysts

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $19.64.

A number of research firms recently weighed in on TRIP. DA Davidson decreased their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. The Goldman Sachs Group decreased their price target on Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. BTIG Research decreased their price target on Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Mizuho decreased their price target on Tripadvisor from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Finally, Barclays decreased their target price on Tripadvisor from $20.00 to $15.00 and set an “underweight” rating on the stock in a research report on Friday, May 10th.

Tripadvisor Trading Up 1.9 %

NASDAQ:TRIP opened at $13.98 on Monday. The firm has a market cap of $1.94 billion, a P/E ratio of 93.21, a PEG ratio of 1.88 and a beta of 1.39. 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 stock’s 50 day simple moving average is $16.12 and its 200-day simple moving average is $20.91. Tripadvisor has a 12-month low of $13.30 and a 12-month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $497.00 million for the quarter, compared to analyst estimates of $504.76 million. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. Equities analysts anticipate that Tripadvisor will post 0.43 EPS for the current year.

Institutional Trading of Tripadvisor

Several institutional investors and hedge funds have recently made changes to their positions in TRIP. CWM LLC lifted its position in shares of Tripadvisor by 40.4% in the fourth quarter. CWM LLC now owns 7,047 shares of the travel company’s stock valued at $152,000 after acquiring an additional 2,029 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Tripadvisor by 25.2% in the fourth quarter. Victory Capital Management Inc. now owns 23,328 shares of the travel company’s stock valued at $502,000 after acquiring an additional 4,694 shares in the last quarter. Natixis Advisors L.P. purchased a new stake in shares of Tripadvisor in the fourth quarter valued at $352,000. Amalgamated Bank increased its stake in Tripadvisor by 12.0% in the fourth quarter. Amalgamated Bank now owns 52,742 shares of the travel company’s stock valued at $1,136,000 after purchasing an additional 5,647 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in Tripadvisor by 4.6% in the fourth quarter. National Bank of Canada FI now owns 59,850 shares of the travel company’s stock valued at $1,260,000 after purchasing an additional 2,615 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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.