Brokerages Set Tripadvisor, Inc. (NASDAQ:TRIP) Target Price at $24.12

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have been given an average rating of “Hold” by the seventeen ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $24.12.

A number of research firms have recently issued reports on TRIP. UBS Group increased their price target on Tripadvisor from $21.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. The Goldman Sachs Group raised their price objective on Tripadvisor from $23.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. TheStreet raised Tripadvisor from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th. Wedbush reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Tripadvisor in a research report on Thursday, April 18th. Finally, Truist Financial raised their price objective on Tripadvisor from $18.00 to $28.00 and gave the company a “hold” rating in a research report on Thursday, March 14th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Tripadvisor by 11.7% in the third quarter. Vanguard Group Inc. now owns 12,084,674 shares of the travel company’s stock worth $200,364,000 after purchasing an additional 1,263,706 shares during the last quarter. Public Sector Pension Investment Board purchased a new position in shares of Tripadvisor in the third quarter worth about $2,206,000. Moody Aldrich Partners LLC purchased a new position in shares of Tripadvisor in the fourth quarter worth about $3,520,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Tripadvisor by 40.4% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 71,977 shares of the travel company’s stock worth $1,193,000 after purchasing an additional 20,721 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Tripadvisor by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,095,471 shares of the travel company’s stock worth $18,163,000 after purchasing an additional 83,290 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Price Performance

TRIP opened at $25.79 on Tuesday. Tripadvisor has a 12-month low of $14.15 and a 12-month high of $28.76. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02. The business’s fifty day simple moving average is $26.88 and its 200-day simple moving average is $22.32. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 429.83, a PEG ratio of 1.67 and a beta of 1.56.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results 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 business had revenue of $390.00 million for the quarter, compared to the consensus estimate of $372.93 million. On average, equities research analysts anticipate that Tripadvisor will post 0.88 earnings per share for the current fiscal year.

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.