Other research analysts have also issued reports about the company. Citigroup lowered their target price on Tripadvisor from $30.00 to $26.00 and set a neutral rating on the stock in a report on Monday, May 9th. Ascendiant Capital Markets set a $36.00 target price on Tripadvisor in a report on Monday, June 20th. Truist Financial lowered their target price on Tripadvisor from $57.00 to $44.00 and set a buy rating on the stock in a report on Thursday, June 23rd. UBS Group dropped their price target on Tripadvisor from $28.00 to $20.00 and set a neutral rating on the stock in a research note on Monday, August 1st. Finally, Mizuho dropped their price target on Tripadvisor from $28.00 to $26.00 and set a neutral rating on the stock in a research note on Monday, August 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $28.89.
Tripadvisor Price Performance
Shares of TRIP opened at $27.15 on Monday. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of -118.04, a price-to-earnings-growth ratio of 2.11 and a beta of 1.43. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.04 and a current ratio of 2.04. Tripadvisor has a one year low of $16.87 and a one year high of $39.04. The stock’s fifty day moving average is $20.31 and its 200-day moving average is $23.75.
In other news, CFO Ernst 02494 Teunissen sold 15,000 shares of Tripadvisor stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $27.50, for a total transaction of $412,500.00. Following the completion of the sale, the chief financial officer now directly owns 33,523 shares in the company, valued at approximately $921,882.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.00% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in TRIP. State of New Jersey Common Pension Fund D raised its stake in shares of Tripadvisor by 20.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 97,016 shares of the travel company’s stock valued at $2,645,000 after acquiring an additional 16,279 shares in the last quarter. New York State Common Retirement Fund increased its position in Tripadvisor by 4.8% in the 4th quarter. New York State Common Retirement Fund now owns 379,540 shares of the travel company’s stock worth $10,346,000 after buying an additional 17,453 shares during the period. Mutual of America Capital Management LLC increased its position in shares of Tripadvisor by 2.1% during the fourth quarter. Mutual of America Capital Management LLC now owns 88,599 shares of the travel company’s stock valued at $2,415,000 after purchasing an additional 1,836 shares during the period. Advisor Group Holdings Inc. increased its position in shares of Tripadvisor by 72.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 63,285 shares of the travel company’s stock valued at $1,725,000 after purchasing an additional 26,672 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Tripadvisor by 4.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 11,902 shares of the travel company’s stock valued at $324,000 after purchasing an additional 478 shares during the period. 82.89% of the stock is owned by institutional investors.
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.
- Get a free copy of the StockNews.com research report on Tripadvisor (TRIP)
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