TripAdvisor (NASDAQ:TRIP) Price Target Cut to $16.00 by Analysts at UBS Group

TripAdvisor (NASDAQ:TRIP) had its target price dropped by investment analysts at UBS Group from $19.00 to $16.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the travel company’s stock. UBS Group’s price objective points to a potential upside of 21.32% from the stock’s current price.

Several other equities analysts have also recently commented on TRIP. Mizuho set a $17.00 target price on shares of TripAdvisor and gave the stock a “neutral” rating in a research report on Friday, November 14th. Jefferies Financial Group dropped their price target on TripAdvisor from $13.00 to $12.50 and set an “underperform” rating on the stock in a report on Thursday, December 11th. Barclays decreased their target price on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, November 7th. Zacks Research upgraded shares of TripAdvisor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of TripAdvisor in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, TripAdvisor presently has a consensus rating of “Reduce” and a consensus price target of $16.16.

TripAdvisor Stock Down 0.9%

Shares of TripAdvisor stock traded down $0.12 on Tuesday, hitting $13.19. The company had a trading volume of 351,360 shares, compared to its average volume of 2,264,310. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.31 and a beta of 1.01. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.33 and a current ratio of 1.33. TripAdvisor has a 1 year low of $10.43 and a 1 year high of $20.16. The stock has a 50 day moving average of $14.36 and a 200-day moving average of $15.85.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. TripAdvisor had a return on equity of 14.77% and a net margin of 4.23%.The business had revenue of $553.00 million for the quarter, compared to analysts’ expectations of $562.92 million. During the same period last year, the business earned $0.50 EPS. The business’s revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that TripAdvisor will post 0.46 earnings per share for the current year.

Institutional Trading of TripAdvisor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC lifted its stake in shares of TripAdvisor by 75.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock valued at $25,000 after purchasing an additional 656 shares during the period. Covestor Ltd raised its holdings in shares of TripAdvisor by 64.8% during the third quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after purchasing an additional 696 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in TripAdvisor by 39.7% in the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after acquiring an additional 705 shares during the period. Tower Research Capital LLC TRC grew its position in shares of TripAdvisor by 308.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock valued at $53,000 after acquiring an additional 3,078 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of TripAdvisor during the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.