Brokerages Set Tripadvisor, Inc. (NASDAQ:TRIP) Price Target at $17.57

Tripadvisor, Inc. (NASDAQ:TRIP) has received an average recommendation of “Reduce” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned 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 $17.57.

TRIP has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Friday, February 21st. DA Davidson reaffirmed a “neutral” rating and issued a $16.00 target price on shares of Tripadvisor in a report on Thursday, February 20th. Cantor Fitzgerald decreased their target price on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Wedbush reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. Finally, UBS Group reiterated a “neutral” rating on shares of Tripadvisor in a research report on Tuesday, February 4th.

Tripadvisor Price Performance

Shares of Tripadvisor stock opened at $15.33 on Friday. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 766.88, a PEG ratio of 9.01 and a beta of 1.35. 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 stock’s 50-day simple moving average is $15.94 and its 200-day simple moving average is $15.04. Tripadvisor has a 52 week low of $12.93 and a 52 week high of $28.64.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The business had revenue of $411.00 million during the quarter, compared to analysts’ expectations of $400.02 million. As a group, analysts expect that Tripadvisor will post 0.46 earnings per share for the current fiscal year.

Institutional Trading of Tripadvisor

Several institutional investors have recently added to or reduced their stakes in TRIP. Pacer Advisors Inc. raised its stake in shares of Tripadvisor by 167.6% during the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock valued at $73,431,000 after acquiring an additional 3,173,817 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Tripadvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock valued at $65,172,000 after acquiring an additional 2,833,528 shares in the last quarter. River Road Asset Management LLC boosted its position in Tripadvisor by 1.3% during the fourth quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company’s stock valued at $54,885,000 after purchasing an additional 45,898 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Tripadvisor by 20.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company’s stock valued at $53,674,000 after buying an additional 615,519 shares in the last quarter. Finally, State Street Corp boosted its stake in Tripadvisor by 1.0% in the third quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock valued at $50,102,000 after acquiring an additional 33,809 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.