Brokerages Set Tripadvisor, Inc. (NASDAQ:TRIP) PT at $18.33

Shares of Tripadvisor, Inc. (NASDAQ:TRIP) have been assigned a consensus rating of “Hold” from the fifteen analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $18.33.

A number of research analysts have recently issued reports on TRIP shares. Truist Financial dropped their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. B. Riley boosted their price target on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wedbush reaffirmed a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a research report on Thursday, November 7th. TD Cowen boosted their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, StockNews.com lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Saturday.

Tripadvisor Stock Up 0.7 %

Shares of NASDAQ TRIP opened at $13.77 on Wednesday. The company’s 50 day moving average price is $14.74 and its 200-day moving average price is $15.64. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The company has a market capitalization of $1.92 billion, a P/E ratio of 59.87, a price-to-earnings-growth ratio of 9.68 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The business had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. Tripadvisor’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts forecast that Tripadvisor will post 0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. U S Global Investors Inc. boosted its holdings in Tripadvisor by 71.8% during the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after purchasing an additional 632,353 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Tripadvisor by 406.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company’s stock worth $13,119,000 after buying an additional 591,251 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Tripadvisor by 214.8% in the second quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock valued at $3,138,000 after acquiring an additional 120,209 shares in the last quarter. Boussard & Gavaudan Investment Management LLP bought a new position in shares of Tripadvisor in the third quarter valued at approximately $5,159,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Tripadvisor by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock valued at $17,378,000 after acquiring an additional 55,115 shares during the last quarter. Hedge funds and other 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.