UBS Group Lowers Tripadvisor (NASDAQ:TRIP) Price Target to $17.00

Tripadvisor (NASDAQ:TRIP) had its target price dropped by stock analysts at UBS Group from $18.00 to $17.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the travel company’s stock. UBS Group’s price objective would indicate a potential upside of 4.55% from the stock’s previous close.

Several other brokerages have also weighed in on TRIP. Wedbush reiterated a “neutral” rating and set a $21.00 price objective on shares of Tripadvisor in a report on Wednesday, August 7th. Citigroup cut their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Truist Financial cut their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. BMO Capital Markets decreased their price target on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. Finally, DA Davidson decreased their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Tripadvisor presently has a consensus rating of “Hold” and a consensus price target of $18.20.

Tripadvisor Trading Down 6.6 %

Shares of Tripadvisor stock traded down $1.15 during mid-day trading on Thursday, hitting $16.26. 2,114,873 shares of the stock were exchanged, compared to its average volume of 2,332,717. Tripadvisor has a twelve month low of $12.93 and a twelve month high of $28.76. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 107.47, a price-to-earnings-growth ratio of 10.75 and a beta of 1.37. The company has a 50-day simple moving average of $14.74 and a 200 day simple moving average of $17.07. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.04.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The company had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $504.76 million. During the same period last year, the company earned $0.21 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Research analysts forecast that Tripadvisor will post 0.38 EPS for the current year.

Hedge Funds Weigh In On Tripadvisor

A number of institutional investors have recently bought and sold shares of the stock. Royce & Associates LP increased its stake in Tripadvisor by 75.7% in the 3rd quarter. Royce & Associates LP now owns 57,090 shares of the travel company’s stock worth $827,000 after purchasing an additional 24,591 shares in the last quarter. KBC Group NV grew its stake in Tripadvisor by 65.3% during the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after acquiring an additional 1,777 shares in the last quarter. GSA Capital Partners LLP grew its stake in Tripadvisor by 544.8% during the 3rd quarter. GSA Capital Partners LLP now owns 111,044 shares of the travel company’s stock valued at $1,609,000 after acquiring an additional 93,822 shares in the last quarter. River Global Investors LLP grew its stake in Tripadvisor by 5.0% during the 3rd quarter. River Global Investors LLP now owns 72,808 shares of the travel company’s stock valued at $1,055,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Tripadvisor in the 3rd quarter valued at approximately $28,000. Hedge funds and other institutional investors 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.