TripAdvisor, Inc. (NASDAQ:TRIP) Receives $16.34 Consensus PT from Analysts

TripAdvisor, Inc. (NASDAQ:TRIP) has received a consensus rating of “Reduce” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $16.3409.

TRIP has been the subject of several analyst reports. Wall Street Zen downgraded shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Barclays decreased their price objective on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Friday, November 7th. Jefferies Financial Group lowered their target price on TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a research report on Thursday, December 11th. B. Riley cut their target price on TripAdvisor from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, Mizuho set a $17.00 price target on TripAdvisor and gave the company a “neutral” rating in a research note on Friday, November 14th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TRIP. Essex Investment Management Co. LLC lifted its position in shares of TripAdvisor by 75.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after purchasing an additional 656 shares during the period. Covestor Ltd raised its stake in TripAdvisor by 64.8% during the third quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock worth $29,000 after buying an additional 696 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in TripAdvisor by 39.7% in the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after buying an additional 705 shares during the period. Tower Research Capital LLC TRC boosted its position in TripAdvisor by 308.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock valued at $53,000 after acquiring an additional 3,078 shares during the last quarter. Finally, CIBC Private Wealth Group LLC bought a new stake in TripAdvisor during the third quarter valued at $58,000. Institutional investors own 98.99% of the company’s stock.

TripAdvisor Stock Performance

NASDAQ:TRIP opened at $13.28 on Thursday. The stock’s 50-day moving average is $14.64 and its 200-day moving average is $16.16. TripAdvisor has a 1-year low of $10.43 and a 1-year high of $20.16. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.21. The stock has a market cap of $1.55 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.31 and a beta of 0.99.

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

About TripAdvisor

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.