Tripadvisor, Inc. (NASDAQ:TRIP) Given Consensus Recommendation of “Hold” by Analysts

Tripadvisor, Inc. (NASDAQ:TRIP) has received an average rating of “Hold” from the seventeen analysts that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $24.12.

Several research firms have commented on TRIP. BMO Capital Markets boosted their price target on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. B. Riley restated a “buy” rating and set a $34.00 price target (up previously from $27.00) on shares of Tripadvisor in a report on Friday, February 16th. Mizuho lifted their price objective on Tripadvisor from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. TheStreet upgraded shares of Tripadvisor from a “d+” rating to a “c” rating in a research note on Wednesday, February 14th. Finally, 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 research note on Friday, February 16th.

Institutional Trading of Tripadvisor

A number of hedge funds have recently bought and sold shares of the company. SYSTM Wealth Solutions LLC lifted its position in Tripadvisor by 10.5% during the first quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock worth $126,000 after buying an additional 432 shares during the period. New York State Teachers Retirement System grew its holdings in Tripadvisor by 8.1% in the 1st quarter. New York State Teachers Retirement System now owns 141,089 shares of the travel company’s stock valued at $3,921,000 after buying an additional 10,557 shares during the period. Eudaimonia Partners LLC increased its stake in shares of Tripadvisor by 6.1% during the 1st quarter. Eudaimonia Partners LLC now owns 37,117 shares of the travel company’s stock valued at $1,031,000 after acquiring an additional 2,121 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Tripadvisor by 3.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 145,374 shares of the travel company’s stock worth $4,040,000 after acquiring an additional 5,326 shares during the period. Finally, New Mexico Educational Retirement Board purchased a new position in shares of Tripadvisor during the 1st quarter worth about $543,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Price Performance

Shares of TRIP opened at $27.00 on Tuesday. The firm has a 50-day simple moving average of $26.94 and a two-hundred day simple moving average of $22.08. The stock has a market cap of $3.72 billion, a PE ratio of 450.00, a P/E/G ratio of 1.73 and a beta of 1.57. Tripadvisor has a 1-year low of $14.15 and a 1-year high of $28.76. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.27 and a quick ratio of 2.27.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.07 by $0.14. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. The business had revenue of $390.00 million during the quarter, compared to analyst estimates of $372.93 million. As a group, analysts forecast that Tripadvisor will post 0.88 EPS for the current year.

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.