Tripadvisor, Inc. (NASDAQ:TRIP) Receives $18.33 Average Price Target from Analysts

Tripadvisor, Inc. (NASDAQ:TRIP) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $18.33.

Several analysts have weighed in on TRIP shares. Cantor Fitzgerald dropped their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. StockNews.com cut Tripadvisor from a “buy” rating to a “hold” rating in a research note on Saturday. Wedbush restated a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. UBS Group dropped their price objective on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, TD Cowen increased their target price on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th.

Tripadvisor Stock Performance

NASDAQ TRIP opened at $13.77 on Wednesday. The stock has a market cap of $1.92 billion, a PE ratio of 59.87, a P/E/G ratio of 9.68 and a beta of 1.36. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a 50-day moving average of $14.74 and a 200-day moving average of $15.64. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the firm posted $0.35 EPS. On average, sell-side analysts anticipate that Tripadvisor will post 0.36 EPS for the current year.

Institutional Investors Weigh In On Tripadvisor

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after acquiring an additional 846 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Tripadvisor during the third quarter worth $27,000. Capital Performance Advisors LLP bought a new stake in shares of Tripadvisor in the third quarter worth $28,000. Quest Partners LLC increased its holdings in Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after purchasing an additional 2,564 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new position in Tripadvisor during the 3rd quarter worth $43,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Company Profile

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