Tripadvisor (NASDAQ:TRIP) PT Lowered to $27.00 at The Goldman Sachs Group

Tripadvisor (NASDAQ:TRIP) had its price target reduced by analysts at The Goldman Sachs Group from $34.00 to $27.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the travel company’s stock. The Goldman Sachs Group’s price objective suggests a potential upside of 48.68% from the stock’s previous close.

A number of other analysts also recently issued reports on TRIP. DA Davidson downgraded Tripadvisor from a “buy” rating to a “neutral” rating and cut their target price for the stock from $31.00 to $20.00 in a research note on Thursday. UBS Group raised their target price on Tripadvisor from $21.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. TheStreet raised Tripadvisor from a “d+” rating to a “c” rating in a research note on Wednesday, February 14th. Mizuho cut their target price on Tripadvisor from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Wedbush reiterated a “neutral” rating and set a $30.00 price target on shares of Tripadvisor in a report on Thursday, April 18th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $23.29.

Tripadvisor Stock Down 28.7 %

NASDAQ TRIP opened at $18.16 on Thursday. The business has a fifty day moving average price of $26.64 and a 200 day moving average price of $22.48. Tripadvisor has a one year low of $14.15 and a one year high of $28.76. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.27 and a current ratio of 2.27. The company has a market cap of $2.50 billion, a P/E ratio of 302.67, a P/E/G ratio of 1.62 and a beta of 1.56.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.14. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. The business had revenue of $390.00 million during the quarter, compared to the consensus estimate of $372.93 million. Research analysts anticipate that Tripadvisor will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Hedge funds and other institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new position in Tripadvisor during the 3rd quarter valued at about $34,000. International Assets Investment Management LLC boosted its stake in shares of Tripadvisor by 2,053.0% in the 4th quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock valued at $46,000 after buying an additional 2,053 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Tripadvisor by 52.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock valued at $54,000 after buying an additional 861 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Tripadvisor in the 1st quarter valued at about $83,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Tripadvisor by 46.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,158 shares of the travel company’s stock valued at $111,000 after buying an additional 1,641 shares during the period. 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.