Tripadvisor (NASDAQ:TRIP) Price Target Cut to $17.00 by Analysts at UBS Group

Tripadvisor (NASDAQ:TRIP) had its target price cut by research analysts at UBS Group from $18.00 to $17.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the travel company’s stock. UBS Group’s price target suggests a potential upside of 4.55% from the company’s current price.

Several other analysts have also commented on the stock. Citigroup dropped their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. BMO Capital Markets lowered their price target on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. BTIG Research lowered their price target on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. DA Davidson lowered their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, Cantor Fitzgerald reduced their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.20.

Tripadvisor Stock Performance

Shares of NASDAQ TRIP traded down $1.15 during midday trading on Thursday, reaching $16.26. 2,114,873 shares of the stock were exchanged, compared to its average volume of 2,332,717. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 107.47, a PEG ratio of 10.75 and a beta of 1.37. Tripadvisor has a twelve month low of $12.93 and a twelve month high of $28.76. The firm has a 50-day simple moving average of $14.74 and a two-hundred day simple moving average of $17.07. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $497.00 million for the quarter, compared to analyst estimates of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the business earned $0.21 earnings per share. As a group, analysts anticipate that Tripadvisor will post 0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC increased its holdings in shares of Tripadvisor by 589.5% in the 1st quarter. Acadian Asset Management LLC now owns 34,946 shares of the travel company’s stock valued at $970,000 after purchasing an additional 29,878 shares in the last quarter. Tidal Investments LLC acquired a new stake in Tripadvisor in the 1st quarter valued at about $4,638,000. Boston Partners acquired a new stake in Tripadvisor in the 1st quarter valued at about $131,887,000. DekaBank Deutsche Girozentrale grew its stake in Tripadvisor by 9,356.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock valued at $5,477,000 after acquiring an additional 193,400 shares during the last quarter. Finally, U S Global Investors Inc. grew its stake in Tripadvisor by 71.8% in the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after acquiring an additional 632,353 shares during the last quarter. Hedge funds and other 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.