Tripadvisor (NASDAQ:TRIP) Price Target Cut to $28.00

Tripadvisor (NASDAQ:TRIPGet Rating) had its price target lowered by stock analysts at Credit Suisse Group to $28.00 in a research report issued on Tuesday, Stock Target Advisor reports. Credit Suisse Group’s price target would suggest a potential upside of 37.66% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Ascendiant Capital Markets cut their price target on Tripadvisor to $35.00 in a report on Thursday, September 15th. Barclays cut their price target on Tripadvisor from $22.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, November 9th. Wells Fargo & Company cut their price target on Tripadvisor from $30.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, November 9th. StockNews.com downgraded Tripadvisor from a “buy” rating to a “hold” rating in a report on Friday, November 11th. Finally, Citigroup cut their price target on Tripadvisor from $27.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, November 9th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $24.64.

Tripadvisor Price Performance

NASDAQ:TRIP opened at $20.34 on Tuesday. Tripadvisor has a 1-year low of $16.87 and a 1-year high of $30.91. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.10. The firm has a fifty day simple moving average of $23.15 and a 200 day simple moving average of $22.51. The stock has a market capitalization of $2.86 billion, a PE ratio of -290.57, a P/E/G ratio of 6.13 and a beta of 1.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its stake in Tripadvisor by 76.6% in the third quarter. IFP Advisors Inc now owns 1,199 shares of the travel company’s stock valued at $76,000 after purchasing an additional 520 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new position in Tripadvisor in the third quarter valued at about $32,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in Tripadvisor by 44.3% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,745 shares of the travel company’s stock valued at $47,000 after purchasing an additional 536 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Tripadvisor in the second quarter valued at about $37,000. Finally, Venture Visionary Partners LLC acquired a new position in Tripadvisor in the second quarter valued at about $39,000. Institutional investors and hedge funds own 92.76% of the company’s stock.

About Tripadvisor

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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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