Tripadvisor (NASDAQ:TRIP) PT Lowered to $24.00

Tripadvisor (NASDAQ:TRIPGet Rating) had its price target dropped by Cowen to $24.00 in a research report issued to clients and investors on Tuesday, Stock Target Advisor reports. Cowen’s price objective indicates a potential upside of 17.99% from the company’s current price.

A number of other equities analysts also recently commented on the stock. TheStreet raised shares of Tripadvisor from a “d+” rating to a “c-” rating in a research note on Monday, August 29th. Mizuho cut their target price on shares of Tripadvisor from $26.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 9th. StockNews.com downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Friday, November 11th. UBS Group raised their target price on shares of Tripadvisor from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, September 8th. Finally, Ascendiant Capital Markets cut their target price on shares of Tripadvisor to $35.00 in a research note on Thursday, September 15th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tripadvisor presently has an average rating of “Hold” and a consensus target price of $24.64.

Tripadvisor Stock Performance

NASDAQ:TRIP opened at $20.34 on Tuesday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.10. The company has a market cap of $2.86 billion, a P/E ratio of -290.57, a P/E/G ratio of 6.13 and a beta of 1.29. Tripadvisor has a fifty-two week low of $16.87 and a fifty-two week high of $30.91. The firm’s 50 day moving average is $23.15 and its two-hundred day moving average is $22.51.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Tripadvisor by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 10,271,438 shares of the travel company’s stock worth $226,794,000 after acquiring an additional 563,983 shares in the last quarter. Marshall Wace LLP grew its holdings in Tripadvisor by 64.6% during the 3rd quarter. Marshall Wace LLP now owns 2,873,585 shares of the travel company’s stock worth $63,449,000 after acquiring an additional 1,127,336 shares in the last quarter. State Street Corp grew its holdings in Tripadvisor by 2.2% during the 3rd quarter. State Street Corp now owns 2,699,521 shares of the travel company’s stock worth $59,605,000 after acquiring an additional 59,118 shares in the last quarter. U S Global Investors Inc. grew its holdings in Tripadvisor by 3.3% during the 1st quarter. U S Global Investors Inc. now owns 2,468,862 shares of the travel company’s stock worth $66,956,000 after acquiring an additional 79,182 shares in the last quarter. Finally, Freshford Capital Management LLC acquired a new position in shares of Tripadvisor in the 1st quarter valued at about $48,129,000. 92.76% of the stock is owned by institutional investors and hedge funds.

Tripadvisor Company Profile

(Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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