Brokerages Set Tripadvisor, Inc. (NASDAQ:TRIP) Price Target at $17.71

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have earned a consensus rating of “Reduce” from the fourteen ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $17.71.

A number of brokerages have recently issued reports on TRIP. Wedbush reaffirmed a “neutral” rating and set a $17.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. TD Cowen upped their price target on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Friday, February 21st. B. Riley upped their price target on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald dropped their price target on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st.

Tripadvisor Stock Up 2.4 %

Shares of Tripadvisor stock opened at $14.80 on Monday. The stock’s fifty day moving average is $16.10 and its 200-day moving average is $15.02. The firm has a market capitalization of $2.06 billion, a PE ratio of 740.37, a price-to-earnings-growth ratio of 9.01 and a beta of 1.34. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. Tripadvisor has a 12-month low of $12.93 and a 12-month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The company had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. Equities analysts anticipate that Tripadvisor will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after acquiring an additional 3,173,817 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Tripadvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock worth $65,172,000 after acquiring an additional 2,833,528 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Tripadvisor by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock worth $49,694,000 after acquiring an additional 962,262 shares in the last quarter. River Road Asset Management LLC boosted its stake in shares of Tripadvisor by 33.3% during the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after acquiring an additional 917,689 shares in the last quarter. Finally, Toronado Partners LLC bought a new stake in shares of Tripadvisor during the 4th quarter worth about $10,533,000. 98.99% of the stock is owned by institutional investors and hedge funds.

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.