UBS Group Lowers TripAdvisor (NASDAQ:TRIP) Price Target to $13.70

TripAdvisor (NASDAQ:TRIP) had its price objective lowered by analysts at UBS Group from $16.00 to $13.70 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the travel company’s stock. UBS Group’s price objective suggests a potential upside of 22.38% from the company’s previous close.

Several other analysts also recently issued reports on TRIP. Bank of America raised TripAdvisor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $15.00 in a research note on Friday, March 27th. DA Davidson decreased their price objective on TripAdvisor from $16.25 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, February 17th. BTIG Research decreased their price objective on TripAdvisor from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, February 13th. Wedbush decreased their price objective on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of TripAdvisor in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $14.51.

TripAdvisor Stock Up 0.0%

Shares of TRIP traded up $0.01 during midday trading on Monday, hitting $11.20. The stock had a trading volume of 1,268,752 shares, compared to its average volume of 3,561,484. The company has a 50 day simple moving average of $10.40 and a two-hundred day simple moving average of $13.07. TripAdvisor has a twelve month low of $9.01 and a twelve month high of $20.16. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 1.66 and a beta of 0.88. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.29 and a quick ratio of 1.29.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Thursday, February 12th. The travel company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.11). TripAdvisor had a net margin of 2.12% and a return on equity of 10.67%. The firm had revenue of $411.00 million during the quarter, compared to analyst estimates of $412.53 million. During the same period in the prior year, the business earned $0.30 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts anticipate that TripAdvisor will post 0.84 EPS for the current year.

Hedge Funds Weigh In On TripAdvisor

Several hedge funds have recently modified their holdings of the stock. New York State Teachers Retirement System boosted its holdings in shares of TripAdvisor by 0.5% during the third 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 boosted its holdings in shares of TripAdvisor by 75.7% during the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after acquiring an additional 656 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of TripAdvisor by 4.3% during the third quarter. Nisa Investment Advisors LLC now owns 15,998 shares of the travel company’s stock worth $260,000 after acquiring an additional 663 shares during the period. Covestor Ltd boosted its holdings in shares of 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 boosted its holdings in shares of TripAdvisor by 39.7% during 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 during the period. Institutional investors own 98.99% of the company’s stock.

About TripAdvisor

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.