Brokerages Set TripAdvisor, Inc. (NASDAQ:TRIP) Target Price at $15.19

TripAdvisor, Inc. (NASDAQ:TRIP) has earned an average recommendation of “Hold” from the sixteen analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $15.1929.

Several research analysts recently issued reports on the stock. Bank of America upgraded shares of TripAdvisor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $15.00 in a research report on Friday, March 27th. UBS Group lowered their price objective on shares of TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a research report on Monday, April 27th. BTIG Research reaffirmed a “buy” rating on shares of TripAdvisor in a research note on Monday, June 15th. JPMorgan Chase & Co. reduced their target price on shares of TripAdvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Friday, May 8th. Finally, Wedbush increased their price target on shares of TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday, June 16th.

TripAdvisor Stock Performance

NASDAQ:TRIP opened at $14.40 on Thursday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 144.01, a price-to-earnings-growth ratio of 2.74 and a beta of 0.86. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.36. TripAdvisor has a 1 year low of $9.01 and a 1 year high of $20.16. The firm has a 50 day moving average of $11.87 and a 200-day moving average of $11.77.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, May 7th. The travel company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The business had revenue of $382.40 million during the quarter, compared to the consensus estimate of $384.69 million. TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. As a group, sell-side analysts anticipate that TripAdvisor will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total value of $98,400.00. Following the transaction, the chief executive officer directly owned 34,396 shares in the company, valued at approximately $423,070.80. This trade represents a 18.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On TripAdvisor

Large investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. bought a new position in TripAdvisor during the 3rd quarter worth about $26,848,000. Ameriprise Financial Inc. lifted its holdings in shares of TripAdvisor by 24.2% in the third quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock valued at $120,585,000 after purchasing an additional 1,445,607 shares in the last quarter. Converium Capital Inc. bought a new stake in shares of TripAdvisor in the first quarter valued at about $11,460,000. SG Americas Securities LLC boosted its position in shares of TripAdvisor by 1,712.3% during the fourth quarter. SG Americas Securities LLC now owns 1,107,995 shares of the travel company’s stock worth $16,132,000 after buying an additional 1,046,858 shares during the period. Finally, Holocene Advisors LP boosted its position in shares of TripAdvisor by 78.5% during the third quarter. Holocene Advisors LP now owns 2,210,903 shares of the travel company’s stock worth $35,949,000 after buying an additional 972,369 shares during the period. Institutional investors and hedge funds 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.