TripAdvisor, Inc. (NASDAQ:TRIP) Receives $14.26 Consensus PT from Analysts

TripAdvisor, Inc. (NASDAQ:TRIP) has been given a consensus recommendation of “Reduce” by the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $14.2643.

Several research analysts recently weighed in on TRIP shares. Bank of America upgraded 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 report on Friday, March 27th. JPMorgan Chase & Co. reduced their price target on TripAdvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Friday, May 8th. BTIG Research reiterated a “buy” rating and set a $15.00 price target on shares of TripAdvisor in a research report on Thursday, May 7th. UBS Group reduced their price target on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a research report on Monday, April 27th. Finally, The Goldman Sachs Group reduced their price target on TripAdvisor from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th.

TripAdvisor Stock Down 0.4%

Shares of TRIP stock opened at $10.04 on Wednesday. The stock has a 50 day moving average of $10.44 and a 200 day moving average of $12.28. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.36. The stock has a market cap of $1.17 billion, a P/E ratio of 100.41, a P/E/G ratio of 1.88 and a beta of 0.91. TripAdvisor has a twelve month low of $9.01 and a twelve month high of $20.16.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The company had revenue of $382.40 million for the quarter, compared to analysts’ expectations of $384.69 million. TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. As a group, sell-side analysts expect that TripAdvisor will post 0.73 EPS for the current year.

Institutional Trading of TripAdvisor

Institutional investors and hedge funds have recently made changes to their positions in the business. Essex Investment Management Co. LLC increased its position in shares of TripAdvisor by 75.7% in the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock valued at $25,000 after buying an additional 656 shares in the last quarter. Covestor Ltd increased its position in shares of TripAdvisor by 64.8% in the third quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after buying an additional 696 shares in the last quarter. UMB Bank n.a. increased its position in shares of TripAdvisor by 295.2% in the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock valued at $33,000 after buying an additional 1,718 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of TripAdvisor in the fourth quarter valued at approximately $33,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of TripAdvisor by 192.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after buying an additional 1,821 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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.