UBS Group Cuts TripAdvisor (NASDAQ:TRIP) Price Target to $16.00

TripAdvisor (NASDAQ:TRIP) had its price objective decreased by investment analysts at UBS Group from $19.00 to $16.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the travel company’s stock. UBS Group’s price target would suggest a potential upside of 21.32% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Barclays reduced their price objective on shares of TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, November 7th. Cantor Fitzgerald dropped their target price on TripAdvisor from $15.00 to $14.00 and set an “underweight” rating on the stock in a research report on Thursday, January 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TripAdvisor in a report on Monday, December 29th. Finally, Jefferies Financial Group reduced their target price on shares of TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $16.16.

TripAdvisor Trading Down 0.9%

NASDAQ:TRIP traded down $0.12 during mid-day trading on Tuesday, hitting $13.19. 351,360 shares of the stock traded hands, compared to its average volume of 2,264,310. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.21. TripAdvisor has a 52 week low of $10.43 and a 52 week high of $20.16. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.31 and a beta of 1.01. The firm’s 50 day moving average is $14.36 and its two-hundred day moving average is $15.85.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share (EPS) for the quarter, topping 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 firm 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 earned $0.50 EPS. TripAdvisor’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that TripAdvisor will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On TripAdvisor

Institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System lifted its stake in shares of TripAdvisor by 0.5% in the 3rd quarter. New York State Teachers Retirement System now owns 130,686 shares of the travel company’s stock worth $2,125,000 after acquiring an additional 624 shares during the period. Essex Investment Management Co. LLC increased its position in TripAdvisor by 75.7% during 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. Nisa Investment Advisors LLC boosted its stake in shares of TripAdvisor by 4.3% in the third quarter. Nisa Investment Advisors LLC now owns 15,998 shares of the travel company’s stock valued at $260,000 after buying an additional 663 shares in the last quarter. Covestor Ltd grew its holdings 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 acquiring an additional 696 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in TripAdvisor by 39.7% in the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after acquiring an additional 705 shares in the last quarter. 98.99% of the stock is 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.