Brokerages Set TripAdvisor, Inc. (NASDAQ:TRIP) PT at $16.34

Shares of TripAdvisor, Inc. (NASDAQ:TRIPGet Free Report) have been given an average rating of “Reduce” by the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.3409.

Several research firms recently weighed in on TRIP. Mizuho set a $17.00 price objective on TripAdvisor and gave the company a “neutral” rating in a report on Friday, November 14th. Sanford C. Bernstein reissued an “outperform” rating and set a $20.00 target price on shares of TripAdvisor 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 report on Tuesday, January 6th. Wall Street Zen downgraded shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Jefferies Financial Group cut their price objective on shares of TripAdvisor from $13.00 to $12.50 and set an “underperform” rating on the stock in a report on Thursday, December 11th.

Read Our Latest Stock Analysis on TripAdvisor

More TripAdvisor News

Here are the key news stories impacting TripAdvisor this week:

Institutional Investors Weigh In On TripAdvisor

A number of hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its stake in TripAdvisor by 24.2% in the third quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock valued at $120,585,000 after purchasing an additional 1,445,607 shares during the last quarter. Certares Management LLC boosted its holdings in shares of TripAdvisor by 177.3% in the 2nd quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock valued at $62,011,000 after buying an additional 3,037,959 shares in the last quarter. Geode Capital Management LLC grew its position in shares of TripAdvisor by 48.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,837,654 shares of the travel company’s stock worth $37,036,000 after buying an additional 931,283 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of TripAdvisor by 53.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,629,098 shares of the travel company’s stock worth $34,310,000 after acquiring an additional 912,999 shares in the last quarter. Finally, Holocene Advisors LP lifted its position in TripAdvisor by 78.5% during the third quarter. Holocene Advisors LP now owns 2,210,903 shares of the travel company’s stock valued at $35,949,000 after acquiring an additional 972,369 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

TripAdvisor Stock Down 5.1%

Shares of NASDAQ TRIP opened at $13.28 on Thursday. TripAdvisor has a 52-week low of $10.43 and a 52-week high of $20.16. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.31 and a beta of 0.99. The stock has a 50 day moving average price of $14.69 and a 200 day moving average price of $16.18. 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 (NASDAQ:TRIPGet Free Report) last issued its earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $562.92 million. During the same period in the previous year, the company posted $0.50 EPS. TripAdvisor’s revenue was up 3.9% on a year-over-year basis. Sell-side analysts expect that TripAdvisor will post 0.46 earnings per share for the current year.

TripAdvisor Company Profile

(Get Free Report)

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.

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Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

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