Citigroup Cuts Tripadvisor (NASDAQ:TRIP) Price Target to $16.00

Tripadvisor (NASDAQ:TRIP) had its target price cut by analysts at Citigroup from $20.00 to $16.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the travel company’s stock. Citigroup’s price target points to a potential upside of 8.18% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Wedbush reiterated a “neutral” rating and set a $21.00 target price on shares of Tripadvisor in a report on Wednesday, August 7th. JPMorgan Chase & Co. dropped their target price on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. BTIG Research reduced their price target on Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. UBS Group lowered their price objective on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, Cantor Fitzgerald restated an “underweight” rating and set a $12.00 target price on shares of Tripadvisor in a report on Monday. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Trading Up 1.4 %

TRIP stock traded up $0.21 during midday trading on Tuesday, hitting $14.79. 624,398 shares of the company’s stock were exchanged, compared to its average volume of 2,419,729. Tripadvisor has a one year low of $12.93 and a one year high of $28.76. The stock’s fifty day moving average price is $15.13 and its 200-day moving average price is $19.68. The company has a market cap of $2.06 billion, a PE ratio of 98.60, a price-to-earnings-growth ratio of 1.76 and a beta of 1.39. 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 posted 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 11.81% and a net margin of 1.32%. The business had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $504.76 million. During the same period in the prior year, the business earned $0.21 EPS. Tripadvisor’s revenue for the quarter was up .6% compared to the same quarter last year. Research analysts predict that Tripadvisor will post 0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in shares of Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after acquiring an additional 846 shares during the period. Quest Partners LLC grew its position in Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after acquiring an additional 2,564 shares during the last quarter. Gladius Capital Management LP bought a new position in shares of Tripadvisor in the second quarter worth about $79,000. Future Financial Wealth Managment LLC bought a new position in Tripadvisor in the 1st quarter valued at approximately $83,000. Finally, SYSTM Wealth Solutions LLC boosted its position in Tripadvisor by 10.5% in the first quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock valued at $126,000 after buying an additional 432 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

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.