UBS Group Boosts TripAdvisor (NASDAQ:TRIP) Price Target to $18.00

Key Points

• UBS Group has raised its target price for TripAdvisor (NASDAQ: TRIP) from $16.00 to $18.00, maintaining a "neutral" rating, which indicates a potential downside of 0.72% from the current stock price.
• Analyst reports show a mix of ratings for TripAdvisor, with two sell ratings, ten hold ratings, and three buy ratings, resulting in a consensus rating of "Hold" with an average target price of $17.56.
• TripAdvisor reported earnings of $0.14 EPS for the last quarter, significantly surpassing analysts' expectations and reflecting a 0.8% increase in quarterly revenue year-over-year.

TripAdvisor (NASDAQ:TRIP - Get Free Report) had its target price lifted by stock analysts at UBS Group from $16.00 to $18.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the travel company's stock. UBS Group's price objective would suggest a potential downside of 0.72% from the stock's current price.

A number of other analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. Citigroup started coverage on shares of TripAdvisor in a research note on Wednesday, May 28th. They set a "neutral" rating and a $16.00 price objective for the company. DA Davidson set a $16.25 price objective on shares of TripAdvisor in a report on Tuesday, July 8th. Mizuho upgraded shares of TripAdvisor to a "hold" rating in a research note on Friday, April 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of TripAdvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, TripAdvisor has a consensus rating of "Hold" and an average target price of $17.56.

TripAdvisor Price Performance

NASDAQ TRIP traded up $0.31 on Monday, hitting $18.13. 1,996,157 shares of the company's stock were exchanged, compared to its average volume of 3,220,706. The stock has a 50-day moving average of $15.12 and a 200-day moving average of $14.81. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 49.00, a P/E/G ratio of 2.69 and a beta of 1.28. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.88. TripAdvisor has a 52 week low of $10.43 and a 52 week high of $18.66.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.09. The business had revenue of $398.00 million for the quarter, compared to analysts' expectations of $386.94 million. TripAdvisor had a net margin of 2.94% and a return on equity of 10.68%. The business's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Analysts expect that TripAdvisor will post 0.46 earnings per share for the current year.

Insider Activity at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 16,643 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $15.33, for a total value of $255,137.19. Following the completion of the transaction, the chief executive officer owned 15,931 shares in the company, valued at $244,222.23. This represents a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. ExodusPoint Capital Management LP purchased a new stake in TripAdvisor in the 4th quarter worth approximately $5,170,000. GAMMA Investing LLC boosted its holdings in shares of TripAdvisor by 904.8% in the 1st quarter. GAMMA Investing LLC now owns 36,927 shares of the travel company's stock valued at $523,000 after purchasing an additional 33,252 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of TripAdvisor in the 1st quarter valued at $235,000. Point72 Asset Management L.P. boosted its holdings in shares of TripAdvisor by 483.9% in the 4th quarter. Point72 Asset Management L.P. now owns 723,904 shares of the travel company's stock valued at $10,692,000 after purchasing an additional 599,933 shares during the last quarter. Finally, Lightrock Netherlands B.V. lifted its holdings in shares of TripAdvisor by 54.4% during the 1st quarter. Lightrock Netherlands B.V. now owns 791,287 shares of the travel company's stock valued at $11,231,000 after acquiring an additional 278,821 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

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: 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.