Tripadvisor (NASDAQ:TRIP - Free Report) had its target price trimmed by JPMorgan Chase & Co. from $15.00 to $11.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an underweight rating on the travel company's stock.
A number of other research firms also recently commented on TRIP. DA Davidson restated a "neutral" rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, February 20th. UBS Group reissued a "neutral" rating on shares of Tripadvisor in a report on Tuesday, February 4th. Cantor Fitzgerald decreased their price target on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. Wedbush reissued a "neutral" rating and issued a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. Finally, StockNews.com raised Tripadvisor from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $17.29.
Check Out Our Latest Report on Tripadvisor
Tripadvisor Stock Performance
Shares of NASDAQ TRIP traded up $0.18 during midday trading on Tuesday, hitting $11.62. 2,968,309 shares of the company's stock were exchanged, compared to its average volume of 2,457,459. Tripadvisor has a twelve month low of $10.43 and a twelve month high of $27.63. The firm has a market cap of $1.63 billion, a P/E ratio of 581.29, a PEG ratio of 9.01 and a beta of 1.25. The stock's 50 day moving average price is $14.71 and its 200-day moving average price is $14.90. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly 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 business 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 research analysts anticipate that Tripadvisor will post 0.46 EPS for the current year.
Institutional Trading of Tripadvisor
Several hedge funds and other institutional investors have recently modified their holdings of the business. Bogart Wealth LLC purchased a new stake in Tripadvisor in the 4th quarter worth about $30,000. Blue Trust Inc. increased its holdings 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. Aster Capital Management DIFC Ltd lifted its position in shares of Tripadvisor by 83.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock worth $50,000 after purchasing an additional 1,557 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Tripadvisor by 204.7% during the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company's stock worth $54,000 after purchasing an additional 2,469 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Tripadvisor during the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 98.99% of the company's stock.
About Tripadvisor
(
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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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