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

Tripadvisor (NASDAQ:TRIP) had its target price dropped by UBS Group from $18.00 to $17.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the travel company’s stock. UBS Group’s price objective points to a potential upside of 9.75% from the company’s previous close.

Other analysts also recently issued reports about the company. Cantor Fitzgerald decreased their price target on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday. The Goldman Sachs Group decreased their target price on Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Wedbush reissued a “neutral” rating and issued a $21.00 price target on shares of Tripadvisor in a research note on Wednesday, August 7th. BMO Capital Markets cut their price target on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Finally, BTIG Research dropped their target price on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Tripadvisor presently has a consensus rating of “Hold” and a consensus price target of $18.33.

Tripadvisor Trading Up 0.2 %

Shares of NASDAQ TRIP traded up $0.03 during trading on Thursday, reaching $15.49. The company had a trading volume of 2,830,607 shares, compared to its average volume of 2,350,247. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. The stock has a market cap of $2.15 billion, a P/E ratio of 67.35, a PEG ratio of 11.45 and a beta of 1.37. The company’s fifty day moving average price is $14.77 and its 200-day moving average price is $16.99.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Tripadvisor had a net margin of 1.98% and a return on equity of 10.65%. The business had revenue of $497.00 million during the quarter, compared to the consensus estimate of $504.76 million. During the same quarter in the prior year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts expect that Tripadvisor will post 0.38 earnings per share for the current year.

Institutional Inflows and Outflows

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