Tripadvisor (NASDAQ:TRIP) Price Target Raised to $15.00 at JPMorgan Chase & Co.

Tripadvisor (NASDAQ:TRIP) had its target price raised by JPMorgan Chase & Co. from $14.00 to $15.00 in a research report report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the travel company’s stock.

Several other equities research analysts have also recently weighed in on the company. TD Cowen increased their price objective on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Cantor Fitzgerald cut their price target on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, November 7th. B. Riley upped their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, UBS Group cut their target price on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.71.

Tripadvisor Trading Down 8.4 %

NASDAQ:TRIP opened at $15.11 on Friday. The firm has a market capitalization of $2.11 billion, a P/E ratio of 755.88, a P/E/G ratio of 9.01 and a beta of 1.34. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The company has a fifty day moving average of $15.98 and a 200 day moving average of $15.00. Tripadvisor has a 52 week low of $12.93 and a 52 week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm had revenue of $411.00 million for the quarter, compared to the consensus estimate of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. On average, research analysts predict that Tripadvisor will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On Tripadvisor

A number of institutional investors and hedge funds have recently made changes to their positions in TRIP. True Wealth Design LLC bought a new stake in shares of Tripadvisor in the 3rd quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new stake in Tripadvisor in the third quarter worth $28,000. Bogart Wealth LLC bought a new stake in Tripadvisor in the fourth quarter worth $30,000. Blue Trust Inc. grew its stake in shares of Tripadvisor by 204.4% in the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after acquiring an additional 1,543 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of Tripadvisor by 83.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after acquiring an additional 1,557 shares in the last quarter. 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.