Truist Financial Lowers Tripadvisor (NASDAQ:TRIP) Price Target to $17.00

Tripadvisor (NASDAQ:TRIP) had its target price decreased by Truist Financial from $18.00 to $17.00 in a research report sent to investors on Friday, Marketbeat reports. Truist Financial currently has a hold rating on the travel company’s stock.

A number of other brokerages have also weighed in on TRIP. Jefferies Financial Group lifted their price target on shares of Tripadvisor from $14.00 to $15.00 and gave the company an underperform rating in a report on Tuesday, July 25th. TD Cowen decreased their price target on shares of Tripadvisor from $18.00 to $16.00 and set a market perform rating on the stock in a report on Monday, August 14th. DA Davidson decreased their price target on shares of Tripadvisor from $28.00 to $25.00 in a report on Monday, May 22nd. Citigroup decreased their price target on shares of Tripadvisor from $21.00 to $18.00 in a report on Thursday, June 22nd. Finally, TheStreet lowered shares of Tripadvisor from a c- rating to a d+ rating in a report on Tuesday, May 23rd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Tripadvisor has an average rating of Hold and an average price target of $20.67.

Tripadvisor Stock Up 1.1 %

Shares of NASDAQ TRIP opened at $16.15 on Friday. Tripadvisor has a 1 year low of $14.39 and a 1 year high of $27.30. The firm’s 50 day moving average price is $16.32 and its 200 day moving average price is $17.07. The firm has a market cap of $2.23 billion, a P/E ratio of -80.75 and a beta of 1.42. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.73 and a current ratio of 1.73.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, August 2nd. The travel company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Tripadvisor had a negative net margin of 1.61% and a positive return on equity of 4.87%. The firm had revenue of $494.00 million for the quarter, compared to analyst estimates of $474.01 million. As a group, sell-side analysts anticipate that Tripadvisor will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On Tripadvisor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL bought a new stake in shares of Tripadvisor in the 2nd quarter worth about $325,000. California State Teachers Retirement System increased its position in shares of Tripadvisor by 4.0% in the 2nd quarter. California State Teachers Retirement System now owns 133,130 shares of the travel company’s stock worth $2,195,000 after purchasing an additional 5,095 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Tripadvisor by 11.5% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 16,587 shares of the travel company’s stock worth $274,000 after purchasing an additional 1,717 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Tripadvisor in the 2nd quarter worth about $514,000. Finally, GTS Securities LLC bought a new stake in shares of Tripadvisor in the 2nd quarter worth about $362,000. Hedge funds and other institutional investors own 74.17% of the company’s stock.

About Tripadvisor

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: Tripadvisor Core, Viator, and TheFork. The Tripadvisor Core 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.