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

Tripadvisor (NASDAQ:TRIP) had its price objective raised by equities researchers at Citigroup from $23.00 to $28.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the travel company’s stock. Citigroup’s target price indicates a potential upside of 10.89% from the company’s current price.

TRIP has been the topic of several other reports. UBS Group lifted their price target on shares of Tripadvisor from $21.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. BMO Capital Markets lifted their price target on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Mizuho lifted their price target on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. TheStreet raised shares of Tripadvisor from a “d+” rating to a “c” rating in a report on Wednesday, February 14th. Finally, B. Riley reissued a “buy” rating and set a $34.00 price objective (up from $27.00) on shares of Tripadvisor in a report on Friday, February 16th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $24.12.

Tripadvisor Price Performance

NASDAQ TRIP opened at $25.25 on Wednesday. The firm’s fifty day simple moving average is $26.79 and its two-hundred day simple moving average is $21.49. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02. Tripadvisor has a 12-month low of $14.15 and a 12-month high of $28.76. The firm has a market capitalization of $3.48 billion, a P/E ratio of 420.83, a P/E/G ratio of 1.57 and a beta of 1.57.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $372.93 million. Analysts forecast that Tripadvisor will post 0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Tripadvisor by 11.7% during the third quarter. Vanguard Group Inc. now owns 12,084,674 shares of the travel company’s stock valued at $200,364,000 after purchasing an additional 1,263,706 shares during the period. Public Sector Pension Investment Board acquired a new position in shares of Tripadvisor in the third quarter worth about $2,206,000. Moody Aldrich Partners LLC acquired a new position in shares of Tripadvisor in the fourth quarter worth about $3,520,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Tripadvisor by 40.4% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 71,977 shares of the travel company’s stock worth $1,193,000 after acquiring an additional 20,721 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Tripadvisor by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,095,471 shares of the travel company’s stock worth $18,163,000 after acquiring an additional 83,290 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.