Tripadvisor (NASDAQ:TRIP) PT Lowered to $17.00

Tripadvisor (NASDAQ:TRIP) had its target price reduced by Truist Financial from $21.00 to $17.00 in a report released on Wednesday morning, Benzinga reports. They currently have a hold rating on the travel company’s stock.

Other equities analysts also recently issued research reports about the stock. The Goldman Sachs Group cut their price objective on shares of Tripadvisor from $27.00 to $24.00 and set a buy rating on the stock in a report on Thursday, August 8th. Mizuho decreased their price target on shares of Tripadvisor from $23.00 to $21.00 and set a neutral rating for the company in a report on Thursday, May 9th. Wedbush reissued a neutral rating and set a $21.00 price objective on shares of Tripadvisor in a report on Wednesday, August 7th. Barclays reduced their target price on Tripadvisor from $20.00 to $15.00 and set an underweight rating for the company in a research note on Friday, May 10th. Finally, BMO Capital Markets lowered their price target on Tripadvisor from $20.00 to $17.00 and set a market perform rating for the company in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $19.13.

Tripadvisor Price Performance

Shares of TRIP opened at $13.77 on Wednesday. The company has a 50 day moving average of $15.97 and a two-hundred day moving average of $20.77. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. Tripadvisor has a twelve month low of $13.30 and a twelve month high of $28.76. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 91.81, a price-to-earnings-growth ratio of 1.81 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The firm had revenue of $497.00 million during the quarter, compared to analyst estimates of $504.76 million. During the same quarter in the prior year, the business posted $0.21 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, analysts predict that Tripadvisor will post 0.43 earnings per share for the current fiscal year.

Institutional Trading of Tripadvisor

Hedge funds have recently added to or reduced their stakes in the company. Boston Partners purchased a new position in Tripadvisor in the first quarter valued at $131,887,000. Pacer Advisors Inc. purchased a new position in shares of Tripadvisor in the 2nd quarter valued at about $33,731,000. Jupiter Asset Management Ltd. raised its holdings in Tripadvisor by 1,150.2% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock worth $30,001,000 after purchasing an additional 1,549,761 shares during the period. Norges Bank purchased a new position in Tripadvisor during the fourth quarter worth approximately $27,807,000. Finally, AQR Capital Management LLC boosted its position 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 purchasing an additional 822,712 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

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.