Tripadvisor, Inc. (NASDAQ:TRIP) Receives $18.33 Consensus PT from Brokerages

Tripadvisor, Inc. (NASDAQ:TRIP) has earned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $18.33.

A number of equities research analysts have commented on TRIP shares. TD Cowen upped their price target on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. The Goldman Sachs Group decreased their target price on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. DA Davidson dropped their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Cantor Fitzgerald decreased their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th.

Tripadvisor Stock Performance

NASDAQ:TRIP opened at $13.79 on Friday. The stock’s 50-day moving average is $14.82 and its 200-day moving average is $16.34. Tripadvisor has a 1-year low of $12.93 and a 1-year high of $28.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1.91 billion, a P/E ratio of 59.96, a price-to-earnings-growth ratio of 9.73 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last released its quarterly 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. The firm had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. Equities research analysts anticipate that Tripadvisor will post 0.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in Tripadvisor by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company’s stock valued at $26,421,000 after buying an additional 18,059 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Tripadvisor by 7.4% in the third quarter. Public Employees Retirement System of Ohio now owns 52,534 shares of the travel company’s stock worth $761,000 after acquiring an additional 3,604 shares during the period. XTX Topco Ltd bought a new position in shares of Tripadvisor in the third quarter worth $208,000. National Bank of Canada FI grew its position in shares of Tripadvisor by 31.2% in the third quarter. National Bank of Canada FI now owns 59,455 shares of the travel company’s stock valued at $862,000 after purchasing an additional 14,129 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Tripadvisor by 1.0% during the 3rd quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock valued at $50,102,000 after purchasing an additional 33,809 shares during the period. 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.