TripAdvisor (NASDAQ:TRIP) Price Target Lowered to $13.70 at UBS Group

TripAdvisor (NASDAQ:TRIP) had its price target lowered by UBS Group from $16.00 to $13.70 in a report published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the travel company’s stock.

Other analysts have also recently issued research reports about the stock. Cantor Fitzgerald set a $10.00 price objective on shares of TripAdvisor and gave the company an “underweight” rating in a research report on Friday, February 13th. Bank of America upgraded shares of TripAdvisor from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.00 to $15.00 in a research report on Friday, March 27th. Barclays lowered their price objective on shares of TripAdvisor from $13.00 to $10.00 and set an “underweight” rating for the company in a research report on Friday, February 13th. Wall Street Zen cut shares of TripAdvisor from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of TripAdvisor in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, TripAdvisor presently has a consensus rating of “Reduce” and a consensus price target of $14.51.

TripAdvisor Stock Performance

TRIP stock opened at $11.19 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.33. TripAdvisor has a twelve month low of $9.01 and a twelve month high of $20.16. The business’s fifty day moving average is $10.43 and its 200-day moving average is $13.04. The company has a market cap of $1.28 billion, a P/E ratio of 37.30, a price-to-earnings-growth ratio of 1.66 and a beta of 0.88.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, February 12th. The travel company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). TripAdvisor had a net margin of 2.12% and a return on equity of 10.67%. The firm had revenue of $411.00 million during the quarter, compared to the consensus estimate of $412.53 million. During the same quarter in the prior year, the company earned $0.30 EPS. TripAdvisor’s quarterly revenue was up .0% on a year-over-year basis. Equities research analysts forecast that TripAdvisor will post 0.84 EPS for the current year.

Hedge Funds Weigh In On TripAdvisor

A number of large investors have recently added to or reduced their stakes in the company. Leonteq Securities AG increased its holdings in TripAdvisor by 153.9% during the 1st quarter. Leonteq Securities AG now owns 242,483 shares of the travel company’s stock worth $2,585,000 after purchasing an additional 146,977 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in TripAdvisor by 25.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 18,098 shares of the travel company’s stock worth $193,000 after purchasing an additional 3,721 shares in the last quarter. Cannon Global Investment Management LLC bought a new position in TripAdvisor during the 1st quarter worth about $492,000. Louisiana State Employees Retirement System bought a new position in TripAdvisor during the 1st quarter worth about $542,000. Finally, Andina Capital Management LLC bought a new position in TripAdvisor during the 1st quarter worth about $325,000. Institutional investors own 98.99% of the company’s stock.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.