Brokerages Set Tripadvisor, Inc. (NASDAQ:TRIP) Target Price at $24.64

Tripadvisor, Inc. (NASDAQ:TRIPGet Rating) has earned an average recommendation of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $24.64.

TRIP has been the subject of several research reports. Ascendiant Capital Markets decreased their price objective on shares of Tripadvisor to $35.00 in a research note on Thursday, September 15th. Barclays decreased their price objective on shares of Tripadvisor from $22.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, November 9th. Credit Suisse Group decreased their price objective on shares of Tripadvisor to $28.00 in a research note on Tuesday, November 15th. TheStreet upgraded shares of Tripadvisor from a “d+” rating to a “c-” rating in a research note on Monday, August 29th. Finally, Citigroup decreased their price objective on shares of Tripadvisor from $27.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, November 9th.

Tripadvisor Stock Up 0.5 %

TRIP stock opened at $19.64 on Tuesday. The firm has a 50 day moving average of $22.46 and a 200 day moving average of $22.32. The stock has a market capitalization of $2.76 billion, a PE ratio of -280.57 and a beta of 1.29. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.10. Tripadvisor has a 52 week low of $16.87 and a 52 week high of $30.48.

Institutional Investors Weigh In On Tripadvisor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wipfli Financial Advisors LLC acquired a new position in shares of Tripadvisor during the 3rd quarter valued at about $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Tripadvisor during the 2nd quarter valued at about $37,000. Venture Visionary Partners LLC acquired a new position in shares of Tripadvisor during the 2nd quarter valued at about $39,000. Neo Ivy Capital Management acquired a new position in shares of Tripadvisor during the 2nd quarter valued at about $50,000. Finally, Endurance Wealth Management Inc. boosted its position in shares of Tripadvisor by 3,000.0% during the 2nd quarter. Endurance Wealth Management Inc. now owns 3,100 shares of the travel company’s stock valued at $55,000 after acquiring an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors 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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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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