Tripadvisor (NASDAQ:TRIP) Stock Price Expected to Rise, TD Cowen Analyst Says

Tripadvisor (NASDAQ:TRIP) had its price target hoisted by TD Cowen from $15.00 to $20.00 in a research note released on Thursday,Benzinga reports. The firm currently has a hold rating on the travel company’s stock.

A number of other research firms have also weighed in on TRIP. DA Davidson reduced their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. The Goldman Sachs Group dropped their price objective on Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. BMO Capital Markets dropped their price objective on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Citigroup dropped their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, Cantor Fitzgerald dropped their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Stock Performance

TRIP stock opened at $15.49 on Thursday. 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 business’s fifty day simple moving average is $14.77 and its two-hundred day simple moving average is $16.92. Tripadvisor has a twelve month low of $12.93 and a twelve month high of $28.76. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 67.35, a PEG ratio of 11.45 and a beta of 1.37.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Boston Partners purchased a new position in Tripadvisor during the first quarter valued at approximately $131,887,000. River Road Asset Management LLC raised its position in Tripadvisor by 33.3% during 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 in the last quarter. Dimensional Fund Advisors LP raised its position in Tripadvisor by 3.6% during 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 in the last quarter. AQR Capital Management LLC raised its position 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 valued at $41,364,000 after acquiring an additional 822,712 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in 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 acquiring an additional 107,154 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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.