Tripadvisor (NASDAQ:TRIP - Get Free Report) had its price target upped by research analysts at DA Davidson from $16.00 to $16.25 in a research note issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the travel company's stock. DA Davidson's target price would suggest a potential upside of 15.49% from the company's current price.
A number of other research analysts also recently commented on the company. Cantor Fitzgerald reduced their target price on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. JPMorgan Chase & Co. raised their price target on Tripadvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. B. Riley cut their price target on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Wall Street Zen raised Tripadvisor from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Finally, Citigroup assumed coverage on Tripadvisor in a report on Wednesday. They issued a "neutral" rating and a $16.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $17.27.
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Tripadvisor Stock Performance
NASDAQ:TRIP traded down $0.49 during trading hours on Thursday, reaching $14.07. 3,440,314 shares of the stock were exchanged, compared to its average volume of 2,396,318. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The firm has a 50 day simple moving average of $13.28 and a 200-day simple moving average of $14.49. Tripadvisor has a 52 week low of $10.43 and a 52 week high of $18.80. The stock has a market capitalization of $2.00 billion, a P/E ratio of 703.85, a P/E/G ratio of 9.01 and a beta of 1.27.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.09. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The company had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. During the same quarter last year, the business posted $0.12 EPS. Tripadvisor's quarterly revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts forecast that Tripadvisor will post 0.46 earnings per share for the current fiscal year.
Insider Activity
In other Tripadvisor news, CEO Almir Ambeskovic sold 16,643 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $15.33, for a total value of $255,137.19. Following the completion of the sale, the chief executive officer now owns 15,931 shares of the company's stock, valued at $244,222.23. The trade was a 51.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Tripadvisor
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in shares of Tripadvisor in the 4th quarter valued at approximately $30,000. Blue Trust Inc. grew its stake in shares of Tripadvisor by 204.4% in the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock valued at $33,000 after purchasing an additional 1,543 shares during the period. Tsfg LLC bought a new stake in shares of Tripadvisor in the 1st quarter valued at approximately $35,000. Smartleaf Asset Management LLC grew its stake in shares of Tripadvisor by 86.9% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company's stock valued at $43,000 after purchasing an additional 1,420 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its stake in shares of Tripadvisor by 83.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock valued at $50,000 after purchasing an additional 1,557 shares during the period. 98.99% of the stock is currently owned by institutional investors.
Tripadvisor Company Profile
(
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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.
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