Tripadvisor (NASDAQ:TRIP) Given New $18.00 Price Target at B. Riley

Tripadvisor (NASDAQ:TRIP - Free Report) had its price target lowered by B. Riley from $20.00 to $18.00 in a research note released on Monday,Benzinga reports. B. Riley currently has a neutral rating on the travel company's stock. B. Riley also issued estimates for Tripadvisor's FY2029 earnings at $0.98 EPS.

Several other analysts also recently commented on the stock. Cantor Fitzgerald reduced their price target on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. UBS Group restated a "neutral" rating on shares of Tripadvisor in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their target price on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an "underweight" rating in a research report on Friday, February 21st. Wedbush restated a "neutral" rating and issued a $17.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, StockNews.com upgraded Tripadvisor from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $17.57.

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Tripadvisor Stock Up 1.3 %

Shares of Tripadvisor stock traded up $0.18 during trading on Monday, hitting $13.75. 3,955,649 shares of the stock were exchanged, compared to its average volume of 2,832,763. Tripadvisor has a 12-month low of $12.93 and a 12-month high of $28.76. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 687.84, a price-to-earnings-growth ratio of 9.01 and a beta of 1.35. The firm's 50-day moving average price is $16.01 and its 200 day moving average price is $15.02.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The company had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. As a group, analysts forecast that Tripadvisor will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Several hedge funds and other institutional investors have recently bought and sold shares of TRIP. Pacer Advisors Inc. lifted its stake in shares of Tripadvisor by 167.6% in the third 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. lifted its holdings in shares of Tripadvisor by 179.5% in the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company's stock worth $65,172,000 after purchasing an additional 2,833,528 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Tripadvisor by 40.1% during the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company's stock valued at $49,694,000 after acquiring an additional 962,262 shares during the period. Toronado Partners LLC acquired a new position in Tripadvisor during the 4th quarter valued at about $10,533,000. Finally, Gotham Asset Management LLC boosted its position in shares of Tripadvisor by 170.6% during the fourth quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company's stock worth $15,860,000 after buying an additional 676,977 shares during the period. 98.99% of the stock is 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.