Tripadvisor (NASDAQ:TRIP) Given New $20.00 Price Target at TD Cowen

Tripadvisor (NASDAQ:TRIP) had its price target upped by TD Cowen from $15.00 to $20.00 in a research note issued to investors on Thursday,Benzinga reports. TD Cowen currently has a hold rating on the travel company’s stock.

Other research analysts also recently issued research reports about the stock. 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 report on Thursday. Wedbush reiterated a “neutral” rating and issued a $21.00 target price on shares of Tripadvisor in a report on Wednesday, August 7th. JPMorgan Chase & Co. dropped their price target on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. UBS Group cut their price objective on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Truist Financial cut their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tripadvisor has a consensus rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Stock Performance

Shares of TRIP stock traded up $0.03 during trading hours on Thursday, reaching $15.49. The company had a trading volume of 2,799,735 shares, compared to its average volume of 2,350,110. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. The business has a fifty day moving average price of $14.75 and a 200-day moving average price of $17.06. Tripadvisor has a one year low of $12.93 and a one year high of $28.76. The firm has a market cap of $2.15 billion, a PE ratio of 66.74, a price-to-earnings-growth ratio of 11.45 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.65%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS. Sell-side analysts predict that Tripadvisor will post 0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Large investors have recently made changes to their positions in the company. Boston Partners acquired a new position in shares of Tripadvisor in the first quarter worth about $131,887,000. River Road Asset Management LLC grew its holdings in Tripadvisor by 33.3% in the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after purchasing an additional 917,689 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Tripadvisor by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock valued at $48,686,000 after buying an additional 95,138 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Tripadvisor by 53.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after buying an additional 822,712 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in shares of Tripadvisor by 4.9% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company’s stock valued at $40,822,000 after buying an additional 107,154 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.