Tripadvisor (NASDAQ:TRIP) PT Lowered to $16.00 at Citigroup

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

TRIP has been the subject of a number of other reports. UBS Group reduced their price target on shares of Tripadvisor from $20.00 to $18.00 and set a neutral rating for the company in a research report on Wednesday, August 7th. Wedbush reissued a neutral rating and set a $21.00 target price on shares of Tripadvisor in a report on Wednesday, August 7th. Cantor Fitzgerald restated an underweight rating and set a $12.00 target price on shares of Tripadvisor in a research report on Monday. JPMorgan Chase & Co. cut their price target on Tripadvisor from $17.00 to $14.00 and set an underweight rating on the stock in a research report on Wednesday, August 7th. Finally, BMO Capital Markets decreased their price objective on Tripadvisor from $20.00 to $17.00 and set a market perform rating for the company in a report on Wednesday, August 7th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $18.33.

Tripadvisor Stock Performance

Shares of Tripadvisor stock opened at $14.57 on Tuesday. The company has a market capitalization of $2.02 billion, a PE ratio of 97.14, a P/E/G ratio of 2.23 and a beta of 1.39. The company has a 50-day simple moving average of $14.93 and a two-hundred day simple moving average of $19.53. Tripadvisor has a one year low of $12.93 and a one year high of $28.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68.

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, beating the consensus estimate of $0.37 by $0.02. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The company had revenue of $497.00 million for the quarter, compared to analyst estimates of $504.76 million. During the same period in the prior year, the company posted $0.21 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Research analysts expect that Tripadvisor will post 0.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

A number of large investors have recently added to or reduced their stakes in the company. Boston Partners acquired a new position in Tripadvisor in the first quarter worth about $131,887,000. Pacer Advisors Inc. bought a new stake in shares of Tripadvisor in the 2nd quarter valued at approximately $33,731,000. Jupiter Asset Management Ltd. increased its holdings in shares of Tripadvisor by 1,150.2% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock valued at $30,001,000 after acquiring an additional 1,549,761 shares during the last quarter. Norges Bank acquired a new stake in shares of Tripadvisor during the 4th quarter valued at approximately $27,807,000. Finally, AQR Capital Management LLC lifted its stake in Tripadvisor by 53.0% during the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after purchasing an additional 822,712 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

About Tripadvisor

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.