Tripadvisor (NASDAQ:TRIP) Price Target Increased to $28.00 by Analysts at Citigroup

Tripadvisor (NASDAQ:TRIP) had its price objective upped by Citigroup from $23.00 to $28.00 in a research report report published on Wednesday, Benzinga reports. Citigroup currently has a neutral rating on the travel company’s stock.

Several other equities research analysts also recently issued reports on TRIP. BMO Capital Markets raised their price target on Tripadvisor from $20.00 to $23.00 and gave the company a market perform rating in a report on Friday, February 16th. StockNews.com raised Tripadvisor from a hold rating to a buy rating in a report on Friday, February 23rd. Ascendiant Capital Markets raised their price target on Tripadvisor from $27.00 to $30.00 and gave the company a buy rating in a report on Friday, December 29th. B. Riley reaffirmed a buy rating and set a $34.00 price target (up previously from $27.00) on shares of Tripadvisor in a report on Friday, February 16th. Finally, Mizuho raised their price target on Tripadvisor from $20.00 to $23.00 and gave the company a neutral rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $23.53.

Tripadvisor Price Performance

NASDAQ:TRIP opened at $25.40 on Wednesday. Tripadvisor has a 1-year low of $14.15 and a 1-year high of $28.76. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02. The firm has a fifty day simple moving average of $26.73 and a 200 day simple moving average of $21.47. The stock has a market capitalization of $3.50 billion, a PE ratio of 423.33, a P/E/G ratio of 1.57 and a beta of 1.57.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.14. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. The business had revenue of $390.00 million during the quarter, compared to analysts’ expectations of $372.93 million. On average, research analysts expect that Tripadvisor will post 0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TRIP. Envestnet Asset Management Inc. grew its position in Tripadvisor by 3.9% in the first quarter. Envestnet Asset Management Inc. now owns 12,368 shares of the travel company’s stock valued at $335,000 after acquiring an additional 466 shares during the last quarter. Raymond James & Associates grew its position in Tripadvisor by 56.5% in the first quarter. Raymond James & Associates now owns 16,107 shares of the travel company’s stock valued at $437,000 after acquiring an additional 5,813 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Tripadvisor by 435.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 60,450 shares of the travel company’s stock worth $1,639,000 after purchasing an additional 49,157 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Tripadvisor during the first quarter worth about $899,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Tripadvisor by 39.1% during the first quarter. MetLife Investment Management LLC now owns 66,790 shares of the travel company’s stock worth $1,811,000 after purchasing an additional 18,789 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Company Profile

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.