Citigroup Lowers Tripadvisor (NASDAQ:TRIP) Price Target to $16.00

Tripadvisor (NASDAQ:TRIP) had its price target decreased by Citigroup from $20.00 to $16.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Citigroup currently has a neutral rating on the travel company’s stock.

Other equities research analysts have also recently issued reports about the company. Cantor Fitzgerald restated an underweight rating and set a $12.00 target price on shares of Tripadvisor in a research note on Monday, September 23rd. BTIG Research reduced their price objective on Tripadvisor from $25.00 to $20.00 and set a buy rating on the stock in a research note on Wednesday, August 7th. TD Cowen lowered their target price on Tripadvisor from $25.00 to $15.00 and set a hold rating for the company in a research note on Thursday, August 22nd. Truist Financial reduced their price target on shares of Tripadvisor from $21.00 to $17.00 and set a hold rating on the stock in a research note on Wednesday, September 4th. Finally, The Goldman Sachs Group lowered their price objective on shares of Tripadvisor from $27.00 to $24.00 and set a buy rating for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $18.33.

Tripadvisor Trading Up 1.4 %

Shares of NASDAQ:TRIP opened at $14.77 on Tuesday. The business’s 50 day simple moving average is $14.87 and its 200 day simple moving average is $19.44. Tripadvisor has a 1 year low of $12.93 and a 1 year high of $28.76. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $2.05 billion, a P/E ratio of 98.47, a P/E/G ratio of 2.23 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $497.00 million during the quarter, compared to the consensus estimate of $504.76 million. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. Tripadvisor’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, research analysts anticipate that Tripadvisor will post 0.37 EPS for the current fiscal year.

Institutional Trading of Tripadvisor

Several large investors have recently modified their holdings of the stock. Teacher Retirement System of Texas boosted its stake in Tripadvisor by 11.3% during the fourth quarter. Teacher Retirement System of Texas now owns 19,387 shares of the travel company’s stock worth $417,000 after acquiring an additional 1,972 shares in the last quarter. Norges Bank bought a new position in shares of Tripadvisor during the 4th quarter worth about $27,807,000. Advisory Services Network LLC acquired a new stake in shares of Tripadvisor in the 4th quarter valued at about $184,000. Oliver Luxxe Assets LLC acquired a new stake in shares of Tripadvisor in the 4th quarter valued at about $542,000. Finally, Bank of Nova Scotia acquired a new position in Tripadvisor during the 4th quarter worth approximately $3,908,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.