Tripadvisor (NASDAQ:TRIP) PT Lowered to $20.00

Tripadvisor (NASDAQ:TRIP) had its price objective dropped by analysts at UBS Group from $27.00 to $20.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the travel company’s stock. UBS Group’s target price points to a potential upside of 9.23% from the company’s previous close.

A number of other brokerages also recently issued reports on TRIP. Truist Financial raised their price target on shares of Tripadvisor from $18.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, March 14th. Citigroup raised their price target on shares of Tripadvisor from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. TheStreet upgraded shares of Tripadvisor from a “d+” rating to a “c” rating in a research note on Wednesday, February 14th. Mizuho lowered their price objective on shares of Tripadvisor from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Wedbush reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Tripadvisor in a report on Thursday, April 18th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Tripadvisor has an average rating of “Hold” and an average price target of $22.65.

Tripadvisor Trading Up 0.8 %

NASDAQ TRIP traded up $0.15 during mid-day trading on Thursday, reaching $18.31. 6,553,546 shares of the stock were exchanged, compared to its average volume of 2,689,143. The stock has a market cap of $2.52 billion, a P/E ratio of 305.17, a P/E/G ratio of 1.62 and a beta of 1.56. Tripadvisor has a one year low of $14.15 and a one year high of $28.76. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.27 and a quick ratio of 2.27. The stock has a 50 day simple moving average of $26.64 and a 200-day simple moving average of $22.48.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.14. The business had revenue of $390.00 million for the quarter, compared to analysts’ expectations of $372.93 million. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. On average, analysts anticipate that Tripadvisor will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Tripadvisor by 6.6% during the fourth quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company’s stock valued at $277,233,000 after acquiring an additional 791,940 shares during the period. AQR Capital Management LLC raised its stake in shares of Tripadvisor by 38.1% in the third quarter. AQR Capital Management LLC now owns 5,115,807 shares of the travel company’s stock valued at $84,820,000 after acquiring an additional 1,410,932 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Tripadvisor by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,438,349 shares of the travel company’s stock worth $74,027,000 after acquiring an additional 304,975 shares during the last quarter. Norges Bank acquired a new stake in Tripadvisor during the 4th quarter valued at $27,807,000. Finally, Kettle Hill Capital Management LLC bought a new stake in shares of Tripadvisor during the third quarter worth $19,626,000. Institutional investors own 98.99% of the company’s stock.

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.