TripAdvisor, Inc. (NASDAQ:TRIP) had its price target reduced by Barclays PLC from $52.00 to $48.00 in a research note issued on Monday. The brokerage currently has an “equal weight” rating on the travel company’s stock. Barclays PLC’s target price points to a potential upside of 21.49% from the stock’s previous close.

TRIP has been the topic of several other reports. Cowen and Company raised TripAdvisor from an “underperform” rating to a “market perform” rating and set a $35.00 target price on the stock in a research report on Wednesday, July 19th. Stifel Nicolaus reiterated a “hold” rating on shares of TripAdvisor in a research note on Friday, July 28th. Cantor Fitzgerald reiterated a “hold” rating and set a $54.00 price target on shares of TripAdvisor in a research note on Wednesday, May 10th. Credit Suisse Group set a $45.00 price target on TripAdvisor and gave the stock a “hold” rating in a research note on Tuesday, May 9th. Finally, Vetr downgraded TripAdvisor from a “hold” rating to a “sell” rating and set a $41.00 price target for the company. in a research note on Monday, April 24th. Eight analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the stock. TripAdvisor presently has an average rating of “Hold” and an average price target of $47.67.

TripAdvisor (NASDAQ TRIP) traded up 0.18% during trading on Monday, hitting $39.58. The stock had a trading volume of 1,996,428 shares. The company has a market cap of $5.59 billion, a P/E ratio of 55.67 and a beta of 2.36. The company has a 50 day moving average of $37.65 and a 200-day moving average of $42.97. TripAdvisor has a 12-month low of $35.34 and a 12-month high of $70.37.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Tuesday, May 9th. The travel company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.01. TripAdvisor had a return on equity of 8.87% and a net margin of 6.87%. The firm had revenue of $372 million during the quarter, compared to analyst estimates of $376.67 million. During the same period in the previous year, the company earned $0.33 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts predict that TripAdvisor will post $1.14 EPS for the current year.

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Institutional investors have recently bought and sold shares of the stock. Candriam Luxembourg S.C.A. boosted its position in TripAdvisor by 62.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 7,314 shares of the travel company’s stock valued at $316,000 after buying an additional 2,821 shares during the period. Retirement Systems of Alabama boosted its position in TripAdvisor by 14.5% in the first quarter. Retirement Systems of Alabama now owns 165,348 shares of the travel company’s stock valued at $7,136,000 after buying an additional 20,959 shares during the period. Nisa Investment Advisors LLC boosted its position in TripAdvisor by 32.3% in the first quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the travel company’s stock valued at $965,000 after buying an additional 5,455 shares during the period. DnB Asset Management AS purchased a new position in TripAdvisor during the first quarter valued at approximately $15,645,000. Finally, CWM LLC boosted its position in TripAdvisor by 35.1% in the first quarter. CWM LLC now owns 50,766 shares of the travel company’s stock valued at $2,191,000 after buying an additional 13,194 shares during the period. 89.06% of the stock is owned by hedge funds and other institutional investors.

TripAdvisor Company Profile

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

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