TripAdvisor, Inc. (NASDAQ:TRIP) Receives $14.26 Consensus Target Price from Analysts

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) have received an average rating of “Reduce” from the sixteen analysts that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $14.2643.

Several research firms recently weighed in on TRIP. JPMorgan Chase & Co. dropped their price target on TripAdvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Friday, May 8th. Zacks Research lowered TripAdvisor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Bank of America raised TripAdvisor from a “neutral” rating to a “buy” rating and upped their price target for the company from $14.00 to $15.00 in a research report on Friday, March 27th. UBS Group dropped their price target on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating on the stock in a research report on Monday, April 27th. Finally, BTIG Research reissued a “buy” rating and set a $15.00 price target on shares of TripAdvisor in a research report on Thursday, May 7th.

Institutional Investors Weigh In On TripAdvisor

A number of institutional investors have recently modified their holdings of TRIP. Essex Investment Management Co. LLC boosted its stake in shares of TripAdvisor by 75.7% during the 3rd quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock valued at $25,000 after buying an additional 656 shares during the period. Covestor Ltd grew its stake in TripAdvisor by 64.8% in the third quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after purchasing an additional 696 shares in the last quarter. UMB Bank n.a. grew its stake in TripAdvisor by 295.2% in the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock valued at $33,000 after purchasing an additional 1,718 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in TripAdvisor in the fourth quarter valued at about $33,000. Finally, Rockefeller Capital Management L.P. grew its stake in TripAdvisor by 192.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after purchasing an additional 1,821 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

TripAdvisor Stock Up 1.8%

Shares of TripAdvisor stock opened at $10.08 on Wednesday. The stock’s fifty day moving average is $10.41 and its 200-day moving average is $12.37. The firm has a market capitalization of $1.17 billion, a PE ratio of 100.81, a price-to-earnings-growth ratio of 1.85 and a beta of 0.91. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.36. TripAdvisor has a 12-month low of $9.01 and a 12-month high of $20.16.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The company had revenue of $382.40 million for the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. Equities analysts anticipate that TripAdvisor will post 0.73 earnings per share for the current year.

About TripAdvisor

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.