TripAdvisor (NASDAQ:TRIP) Price Target Lowered to $16.00 at UBS Group

TripAdvisor (NASDAQ:TRIP) had its price target decreased by UBS Group from $19.00 to $16.00 in a report released on Tuesday, Marketbeat reports. UBS Group currently has a neutral rating on the travel company’s stock.

Several other research firms have also recently commented on TRIP. Barclays reduced their target price on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, November 7th. Zacks Research raised TripAdvisor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Mizuho set a $17.00 target price on shares of TripAdvisor and gave the company a “neutral” rating in a research note on Friday, November 14th. Sanford C. Bernstein reiterated an “outperform” rating and set a $20.00 target price on shares of TripAdvisor in a research report on Friday, November 7th. Finally, Jefferies Financial Group decreased their price target on shares of TripAdvisor from $13.00 to $12.50 and set an “underperform” rating on the stock in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, TripAdvisor presently has a consensus rating of “Reduce” and a consensus price target of $16.16.

TripAdvisor Price Performance

TripAdvisor stock opened at $12.55 on Tuesday. The firm has a market capitalization of $1.47 billion, a P/E ratio of 19.61, a PEG ratio of 1.31 and a beta of 1.01. TripAdvisor has a one year low of $10.43 and a one year high of $20.16. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.33 and a quick ratio of 1.33. The business has a fifty day moving average price of $14.30 and a 200-day moving average price of $15.81.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. TripAdvisor had a return on equity of 14.77% and a net margin of 4.23%.The business had revenue of $553.00 million during the quarter, compared to the consensus estimate of $562.92 million. During the same quarter last year, the company earned $0.50 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts forecast that TripAdvisor will post 0.46 EPS for the current year.

Hedge Funds Weigh In On TripAdvisor

Large investors have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC boosted its position in TripAdvisor by 75.7% during the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock valued at $25,000 after buying an additional 656 shares during the period. Covestor Ltd lifted its stake in shares of TripAdvisor by 64.8% in the 3rd quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after acquiring an additional 696 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in TripAdvisor by 39.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after acquiring an additional 705 shares during the period. Tower Research Capital LLC TRC grew its position in TripAdvisor by 308.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock worth $53,000 after acquiring an additional 3,078 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in TripAdvisor in the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

TripAdvisor Company Profile

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.