B. Riley Issues Positive Forecast for Tripadvisor (NASDAQ:TRIP) Stock Price

Tripadvisor (NASDAQ:TRIP) had its price target hoisted by B. Riley from $19.00 to $20.00 in a research report report published on Thursday morning,Benzinga reports. B. Riley currently has a neutral rating on the travel company’s stock.

Several other analysts also recently issued reports on TRIP. The Goldman Sachs Group decreased their price objective on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 8th. UBS Group decreased their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday. TD Cowen raised their price target on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday. DA Davidson cut their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Finally, Wedbush restated a “neutral” rating and set a $21.00 target price on shares of Tripadvisor in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Tripadvisor presently has an average rating of “Hold” and an average price target of $18.33.

Tripadvisor Stock Up 0.2 %

Shares of TRIP traded up $0.03 during trading hours on Thursday, hitting $15.49. 2,799,735 shares of the company were exchanged, compared to its average volume of 2,350,110. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market cap of $2.15 billion, a PE ratio of 66.74, a PEG ratio of 11.45 and a beta of 1.37. The firm’s 50 day moving average is $14.75 and its 200-day moving average is $17.06. Tripadvisor has a 52 week low of $12.93 and a 52 week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Tripadvisor had a return on equity of 10.65% and a net margin of 1.98%. The firm had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $504.76 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The company’s revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that Tripadvisor will post 0.38 EPS for the current fiscal year.

Institutional Trading of Tripadvisor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boston Partners bought a new position in Tripadvisor during the 1st quarter valued at about $131,887,000. River Road Asset Management LLC raised its stake in shares of Tripadvisor by 33.3% in the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after acquiring an additional 917,689 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Tripadvisor by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock valued at $48,686,000 after acquiring an additional 95,138 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Tripadvisor by 53.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after acquiring an additional 822,712 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. grew its position in Tripadvisor by 4.9% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company’s stock worth $40,822,000 after acquiring an additional 107,154 shares during the last quarter. 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.