Tripadvisor (NASDAQ:TRIP) Given New $21.00 Price Target at Mizuho

Tripadvisor (NASDAQ:TRIP) had its price target reduced by stock analysts at Mizuho from $23.00 to $21.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the travel company’s stock. Mizuho’s target price would suggest a potential upside of 15.64% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Wedbush reissued a “neutral” rating and set a $30.00 price target on shares of Tripadvisor in a research report on Thursday, April 18th. BMO Capital Markets lifted their price target on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Citigroup upped their price objective on shares of Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. UBS Group boosted their price target on Tripadvisor from $21.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Finally, DA Davidson cut Tripadvisor from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $31.00 to $20.00 in a report on Thursday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $23.71.

Tripadvisor Stock Down 28.7 %

TRIP stock opened at $18.16 on Thursday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02. The company’s 50-day moving average price is $26.64 and its 200 day moving average price is $22.48. Tripadvisor has a 52 week low of $14.15 and a 52 week high of $28.76. The company has a market cap of $2.50 billion, a P/E ratio of 302.67, a P/E/G ratio of 1.62 and a beta of 1.56.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.14. The firm had revenue of $390.00 million during the quarter, compared to the consensus estimate of $372.93 million. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. On average, research analysts expect that Tripadvisor will post 0.88 earnings per share for the current fiscal year.

Institutional Trading of Tripadvisor

A number of institutional investors have recently added to or reduced their stakes in TRIP. AQR Capital Management LLC increased its stake in Tripadvisor by 38.1% during the 3rd quarter. AQR Capital Management LLC now owns 5,115,807 shares of the travel company’s stock worth $84,820,000 after buying an additional 1,410,932 shares during the period. Norges Bank acquired a new stake in Tripadvisor during the 4th quarter valued at approximately $27,807,000. Vanguard Group Inc. increased its holdings in Tripadvisor by 11.7% during the 3rd quarter. Vanguard Group Inc. now owns 12,084,674 shares of the travel company’s stock worth $200,364,000 after purchasing an additional 1,263,706 shares during the last quarter. Kettle Hill Capital Management LLC acquired a new position in shares of Tripadvisor in the 3rd quarter valued at approximately $19,626,000. Finally, Maple Rock Capital Partners Inc. purchased a new position in shares of Tripadvisor during the 3rd quarter valued at approximately $16,431,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.