TripAdvisor, Inc. (NASDAQ:TRIP) Receives $16.25 Average Price Target from Analysts

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) have received a consensus recommendation of “Reduce” from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $16.25.

Several research firms have weighed in on TRIP. Weiss Ratings restated a “sell (d+)” rating on shares of TripAdvisor in a research report on Monday. Sanford C. Bernstein reissued an “outperform” rating and issued a $20.00 price target on shares of TripAdvisor in a report on Friday, November 7th. Jefferies Financial Group dropped their price objective on shares of TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a research report on Thursday, December 11th. Wall Street Zen downgraded TripAdvisor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Barclays lowered their target price on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, November 7th.

TripAdvisor Price Performance

TripAdvisor stock opened at $14.00 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $1.64 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.78 and a beta of 1.01. The business’s fifty day moving average is $15.23 and its two-hundred day moving average is $16.07. TripAdvisor has a 52 week low of $10.43 and a 52 week high of $20.16.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. TripAdvisor had a return on equity of 14.77% and a net margin of 4.23%.The company had revenue of $553.00 million during the quarter, compared to analyst estimates of $562.92 million. During the same period last year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts forecast that TripAdvisor will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TRIP. Certares Management LLC lifted its holdings in TripAdvisor by 177.3% in the second quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock valued at $62,011,000 after buying an additional 3,037,959 shares during the period. Federated Hermes Inc. lifted its stake in shares of TripAdvisor by 375.4% in the 2nd quarter. Federated Hermes Inc. now owns 2,137,374 shares of the travel company’s stock valued at $27,893,000 after purchasing an additional 1,687,816 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of TripAdvisor in the 3rd quarter valued at $26,848,000. Royal Bank of Canada boosted its position in shares of TripAdvisor by 82,306.8% in the 1st quarter. Royal Bank of Canada now owns 1,528,647 shares of the travel company’s stock worth $21,661,000 after purchasing an additional 1,526,792 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of TripAdvisor by 24.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock worth $120,585,000 after purchasing an additional 1,445,607 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

TripAdvisor Company Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.