Tripadvisor (NASDAQ:TRIP) Price Target Raised to $28.00 at Citigroup

Tripadvisor (NASDAQ:TRIP) had its price target increased by Citigroup from $23.00 to $28.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the travel company’s stock.

TRIP has been the topic of a number of other research reports. B. Riley restated a buy rating and issued a $34.00 price target (up previously from $27.00) on shares of Tripadvisor in a research note on Friday, February 16th. Truist Financial increased their price target on Tripadvisor from $18.00 to $28.00 and gave the company a hold rating in a research note on Thursday, March 14th. Ascendiant Capital Markets increased their price target on Tripadvisor from $27.00 to $30.00 and gave the company a buy rating in a research note on Friday, December 29th. TheStreet upgraded Tripadvisor from a d+ rating to a c rating in a research note on Wednesday, February 14th. Finally, Mizuho increased their price target on Tripadvisor from $20.00 to $23.00 and gave the company a neutral rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Tripadvisor currently has an average rating of Hold and a consensus target price of $24.12.

Tripadvisor Trading Down 0.8 %

Shares of Tripadvisor stock opened at $25.04 on Wednesday. Tripadvisor has a 12-month low of $14.15 and a 12-month high of $28.76. The stock has a market cap of $3.45 billion, a P/E ratio of 417.33, a P/E/G ratio of 1.58 and a beta of 1.57. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average is $26.85 and its 200-day moving average is $21.55.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.14. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. The company had revenue of $390.00 million for the quarter, compared to analysts’ expectations of $372.93 million. Equities research analysts predict that Tripadvisor will post 0.89 earnings per share for the current fiscal year.

Institutional Trading of Tripadvisor

Several large investors have recently modified their holdings of TRIP. Dark Forest Capital Management LP grew its holdings in shares of Tripadvisor by 1,227.3% during the 1st quarter. Dark Forest Capital Management LP now owns 1,699 shares of the travel company’s stock worth $34,000 after purchasing an additional 1,571 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Tripadvisor during the 3rd quarter worth $34,000. International Assets Investment Management LLC grew its holdings in shares of Tripadvisor by 2,053.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock worth $46,000 after purchasing an additional 2,053 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Tripadvisor by 52.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock worth $54,000 after purchasing an additional 861 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Tripadvisor by 1,384.6% during the 3rd quarter. CWM LLC now owns 5,018 shares of the travel company’s stock worth $83,000 after purchasing an additional 4,680 shares in the last quarter. 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.