Analysts Set TripAdvisor, Inc. (NASDAQ:TRIP) Price Target at $16.34

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) have earned a consensus rating of “Reduce” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $16.3409.

TRIP has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of TripAdvisor in a research report on Monday, December 29th. Cantor Fitzgerald cut their target price on TripAdvisor from $15.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, January 8th. Mizuho set a $17.00 price target on shares of TripAdvisor and gave the company a “neutral” rating in a research report on Friday, November 14th. Zacks Research raised shares of TripAdvisor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, B. Riley reduced their price objective on shares of TripAdvisor from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, November 10th.

Institutional Trading of TripAdvisor

Several hedge funds and other institutional investors have recently made changes to their positions in TRIP. New York State Teachers Retirement System grew its position in TripAdvisor by 0.5% in the third quarter. New York State Teachers Retirement System now owns 130,686 shares of the travel company’s stock worth $2,125,000 after acquiring an additional 624 shares during the period. Essex Investment Management Co. LLC raised its position in 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 purchasing an additional 656 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of TripAdvisor by 4.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,998 shares of the travel company’s stock valued at $260,000 after purchasing an additional 663 shares during the last quarter. Covestor Ltd grew its holdings in shares of TripAdvisor by 64.8% during the 3rd quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock worth $29,000 after purchasing an additional 696 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of TripAdvisor by 39.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after purchasing an additional 705 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

TripAdvisor Stock Up 3.0%

Shares of TripAdvisor stock opened at $13.44 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.28 and a beta of 0.99. The firm’s 50-day moving average is $14.55 and its two-hundred day moving average is $16.11. TripAdvisor has a 1 year low of $10.43 and a 1 year high of $20.16.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. The firm had revenue of $553.00 million during the quarter, compared to analysts’ expectations of $562.92 million. TripAdvisor had a net margin of 4.23% and a return on equity of 14.77%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 EPS. As a group, research analysts expect that TripAdvisor will post 0.46 earnings per share for the current fiscal year.

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.