Brokerages Set Tripadvisor, Inc. (NASDAQ:TRIP) Target Price at $17.50

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have been assigned a consensus rating of “Reduce” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $17.50.

TRIP has been the topic of several analyst reports. UBS Group dropped their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. B. Riley increased their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Wedbush reissued a “neutral” rating and set a $17.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. StockNews.com lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, TD Cowen boosted their price objective on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th.

Institutional Investors Weigh In On Tripadvisor

A number of institutional investors and hedge funds have recently bought and sold shares of TRIP. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Tripadvisor by 28.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,487 shares of the travel company’s stock worth $472,000 after acquiring an additional 5,802 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Tripadvisor by 8.1% in the 2nd quarter. Rhumbline Advisers now owns 278,067 shares of the travel company’s stock valued at $4,952,000 after purchasing an additional 20,776 shares during the period. Victory Capital Management Inc. increased its stake in Tripadvisor by 214.8% in the 2nd quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock worth $3,138,000 after purchasing an additional 120,209 shares in the last quarter. X Square Capital LLC acquired a new stake in Tripadvisor during the 2nd quarter worth about $178,000. Finally, Quest Partners LLC lifted its stake in Tripadvisor by 14,244.4% during the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after buying an additional 2,564 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Tripadvisor Trading Down 5.8 %

NASDAQ TRIP opened at $14.20 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor has a one year low of $12.93 and a one year high of $28.76. The company has a 50-day simple moving average of $14.43 and a 200-day simple moving average of $15.11. The firm has a market capitalization of $1.98 billion, a PE ratio of 61.74, a price-to-earnings-growth ratio of 9.35 and a beta of 1.33.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. Tripadvisor’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts forecast that Tripadvisor will post 0.37 earnings per share for the current year.

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.