Tripadvisor (NASDAQ:TRIP) PT Lowered to $14.00

Tripadvisor (NASDAQ:TRIP) had its target price reduced by stock analysts at JPMorgan Chase & Co. from $17.00 to $14.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “underweight” rating on the travel company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 1.08% from the company’s current price.

Several other brokerages also recently commented on TRIP. DA Davidson downgraded shares of Tripadvisor from a “buy” rating to a “neutral” rating and cut their price target for the company from $31.00 to $20.00 in a report on Thursday, May 9th. Wedbush restated a “neutral” rating and set a $21.00 target price on shares of Tripadvisor in a research report on Wednesday. Mizuho lowered their price target on Tripadvisor from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. UBS Group cut their price objective on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Truist Financial lowered their target price on shares of Tripadvisor from $28.00 to $21.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Tripadvisor currently has a consensus rating of “Hold” and an average target price of $20.86.

Tripadvisor Stock Performance

Shares of NASDAQ:TRIP traded down $2.47 during midday trading on Wednesday, reaching $13.85. 4,914,461 shares of the company traded hands, compared to its average volume of 2,396,769. Tripadvisor has a 12 month low of $13.84 and a 12 month high of $28.76. The firm’s fifty day moving average price is $17.79 and its two-hundred day moving average price is $22.16. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 92.33, a price-to-earnings-growth ratio of 1.42 and a beta of 1.42.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, May 8th. The travel company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. Tripadvisor had a net margin of 1.32% and a return on equity of 12.03%. The firm had revenue of $395.00 million for the quarter, compared to the consensus estimate of $390.93 million. On average, equities analysts expect that Tripadvisor will post 0.63 earnings per share for the current year.

Hedge Funds Weigh In On Tripadvisor

Several large investors have recently modified their holdings of the stock. Quest Partners LLC grew its position in Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after purchasing an additional 2,564 shares during the last quarter. X Square Capital LLC purchased a new stake in shares of Tripadvisor during the second quarter valued at approximately $178,000. Victory Capital Management Inc. raised its holdings 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 acquiring an additional 120,209 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV raised its holdings in Tripadvisor by 24.1% in the 2nd quarter. Acorn Financial Advisory Services Inc. ADV now owns 76,569 shares of the travel company’s stock worth $1,364,000 after acquiring an additional 14,851 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Tripadvisor by 8.1% during 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 last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

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.