Tripadvisor (NASDAQ:TRIP) Given New $20.00 Price Target at UBS Group

Tripadvisor (NASDAQ:TRIPGet Rating) had its target price reduced by UBS Group from $28.00 to $20.00 in a report released on Monday morning, Stock Target Advisor reports. They currently have a neutral rating on the travel company’s stock.

TRIP has been the topic of several other research reports. JPMorgan Chase & Co. decreased their price target on Tripadvisor from $23.00 to $15.00 and set an underweight rating on the stock in a research note on Wednesday, June 29th. Truist Financial decreased their price target on Tripadvisor from $57.00 to $44.00 and set a buy rating on the stock in a research note on Thursday, June 23rd. Citigroup reduced their price objective on Tripadvisor from $30.00 to $26.00 and set a neutral rating on the stock in a research report on Monday, May 9th. Finally, Ascendiant Capital Markets set a $36.00 price objective on Tripadvisor in a research report on Monday, June 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $30.11.

Tripadvisor Price Performance

Shares of NASDAQ TRIP opened at $18.92 on Monday. The stock has a market capitalization of $2.64 billion, a PE ratio of -25.92, a P/E/G ratio of 1.60 and a beta of 1.43. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.23 and a quick ratio of 2.23. The business has a fifty day moving average price of $20.22 and a two-hundred day moving average price of $23.92. Tripadvisor has a fifty-two week low of $16.87 and a fifty-two week high of $39.41.

Tripadvisor (NASDAQ:TRIPGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The travel company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.03. The firm had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $249.70 million. Tripadvisor had a negative return on equity of 12.01% and a negative net margin of 9.80%. The company’s quarterly revenue was up 113.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.56) EPS. As a group, equities analysts predict that Tripadvisor will post 0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Tripadvisor by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 9,384,653 shares of the travel company’s stock valued at $254,511,000 after buying an additional 77,179 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Tripadvisor by 48.7% in the 4th quarter. Allianz Asset Management GmbH now owns 3,724,663 shares of the travel company’s stock valued at $101,534,000 after buying an additional 1,220,458 shares during the last quarter. State Street Corp grew its position in shares of Tripadvisor by 3.8% in the 1st quarter. State Street Corp now owns 2,644,251 shares of the travel company’s stock valued at $71,712,000 after buying an additional 97,233 shares during the last quarter. U S Global Investors Inc. grew its position in shares of Tripadvisor by 3.3% in the 1st quarter. U S Global Investors Inc. now owns 2,468,862 shares of the travel company’s stock valued at $66,956,000 after buying an additional 79,182 shares during the last quarter. Finally, Contour Asset Management LLC grew its position in shares of Tripadvisor by 1,376.9% in the 4th quarter. Contour Asset Management LLC now owns 1,935,400 shares of the travel company’s stock valued at $52,759,000 after buying an additional 1,804,352 shares during the last quarter. Institutional investors own 82.89% of the company’s stock.

Tripadvisor Company Profile

(Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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