TripAdvisor, Inc. (NASDAQ:TRIP) Receives $15.19 Average Target Price from Brokerages

TripAdvisor, Inc. (NASDAQ:TRIP) has earned a consensus rating of “Hold” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $15.1929.

A number of equities analysts recently weighed in on the stock. Bank of America upgraded shares of TripAdvisor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $14.00 to $15.00 in a research report on Friday, March 27th. UBS Group decreased their price target on shares of TripAdvisor from $16.00 to $13.70 and set a “neutral” rating on the stock in a research note on Monday, April 27th. JPMorgan Chase & Co. cut their price objective on TripAdvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d)” rating on shares of TripAdvisor in a research note on Friday, May 15th. Finally, DA Davidson raised their price target on TripAdvisor from $10.50 to $15.50 and gave the company a “neutral” rating in a report on Monday, June 15th.

Insiders Place Their Bets

In related news, CEO Almir Ambeskovic sold 8,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total value of $98,400.00. Following the sale, the chief executive officer owned 34,396 shares in the company, valued at approximately $423,070.80. The trade was a 18.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of TripAdvisor

Several hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of TripAdvisor by 29.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company’s stock valued at $1,162,000 after purchasing an additional 18,699 shares during the last quarter. Jones Financial Companies Lllp increased its position in TripAdvisor by 1,183.2% during the first quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock valued at $85,000 after acquiring an additional 5,916 shares during the last quarter. Empowered Funds LLC raised its stake in shares of TripAdvisor by 14.2% in the first quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock valued at $191,000 after acquiring an additional 1,676 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of TripAdvisor by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company’s stock valued at $4,216,000 after acquiring an additional 22,136 shares during the period. Finally, Creative Planning bought a new stake in shares of TripAdvisor in the 2nd quarter worth about $349,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

TripAdvisor Stock Up 4.3%

TRIP opened at $14.60 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25. TripAdvisor has a fifty-two week low of $9.01 and a fifty-two week high of $20.16. The firm’s fifty day moving average is $11.99 and its 200 day moving average is $11.77. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 146.01, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The business had revenue of $382.40 million during the quarter, compared to analysts’ expectations of $384.69 million. During the same quarter in the previous year, the company posted $0.14 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. On average, sell-side analysts forecast that TripAdvisor will post 0.69 earnings per share for the current fiscal year.

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.