Tripadvisor (NASDAQ:TRIP) Price Target Raised to $22.00 at Barclays

Tripadvisor (NASDAQ:TRIPGet Rating) had its price target upped by Barclays to $22.00 in a research report report published on Monday, Stock Target Advisor reports.

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.

Tripadvisor (NASDAQ:TRIPGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The travel company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.10. The company had revenue of $417.00 million for the quarter, compared to analyst estimates of $391.82 million. Tripadvisor had a negative return on equity of 3.27% and a negative net margin of 2.53%. The company’s quarterly revenue was up 77.4% compared to the same quarter last year. During the same period last year, the company earned ($0.26) earnings per share. Equities analysts anticipate that Tripadvisor will post 0.38 EPS for the current year.

Insider Activity

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.

About Tripadvisor

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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.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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