Analysts Set Tripadvisor, Inc. (NASDAQ:TRIP) Target Price at $18.33

Tripadvisor, Inc. (NASDAQ:TRIP) has earned an average recommendation of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.33.

A number of analysts have commented on TRIP shares. The Goldman Sachs Group cut their price target on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Citigroup reduced their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. DA Davidson dropped their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Wedbush reiterated a “neutral” rating and set a $17.00 target price (up from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. Finally, UBS Group dropped their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th.

Tripadvisor Price Performance

NASDAQ:TRIP opened at $13.87 on Friday. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The company has a market cap of $1.93 billion, a P/E ratio of 60.31, a P/E/G ratio of 9.39 and a beta of 1.37. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The stock’s 50-day simple moving average is $14.83 and its 200 day simple moving average is $16.13.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS. As a group, sell-side analysts forecast that Tripadvisor will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Boston Partners bought a new position in Tripadvisor during the 1st quarter worth $131,887,000. Pacer Advisors Inc. increased its position in shares of Tripadvisor by 167.6% in the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after purchasing an additional 3,173,817 shares during the period. Jupiter Asset Management Ltd. raised its stake in Tripadvisor by 1,150.2% in the second quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock valued at $30,001,000 after purchasing an additional 1,549,761 shares in the last quarter. River Road Asset Management LLC lifted its position in Tripadvisor by 33.3% during the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after purchasing an additional 917,689 shares during the period. Finally, AQR Capital Management LLC grew its stake in Tripadvisor by 53.0% during the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after buying an additional 822,712 shares in the last quarter. 98.99% of the stock is owned by 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.