JPMorgan Chase & Co. Increases Tripadvisor (NASDAQ:TRIP) Price Target to $15.00

Tripadvisor (NASDAQ:TRIP) had its price target boosted by analysts at JPMorgan Chase & Co. from $14.00 to $15.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the travel company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 0.73% from the company’s previous close.

TRIP has been the subject of several other reports. TD Cowen raised their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Wedbush reissued a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. DA Davidson reissued a “neutral” rating and issued a $16.00 price target on shares of Tripadvisor in a report on Thursday. B. Riley raised their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Cantor Fitzgerald cut their price target on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tripadvisor currently has a consensus rating of “Hold” and a consensus price target of $17.71.

Tripadvisor Stock Down 8.4 %

TRIP opened at $15.11 on Friday. The company has a 50 day moving average of $15.98 and a 200 day moving average of $14.99. The company has a market cap of $2.11 billion, a PE ratio of 755.88, a price-to-earnings-growth ratio of 9.01 and a beta of 1.34. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $411.00 million during the quarter, compared to the consensus estimate of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. On average, sell-side analysts expect that Tripadvisor will post 0.46 EPS for the current year.

Institutional Trading of Tripadvisor

Hedge funds have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Tripadvisor during the 4th quarter worth $295,000. Janney Montgomery Scott LLC purchased a new position in Tripadvisor in the 4th quarter worth $308,000. Charles Schwab Investment Management Inc. raised its position in Tripadvisor by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock worth $17,378,000 after purchasing an additional 55,115 shares during the period. Boussard & Gavaudan Investment Management LLP purchased a new position in Tripadvisor in the 3rd quarter worth $5,159,000. Finally, Confluence Investment Management LLC raised its position in Tripadvisor by 43.6% in the 4th quarter. Confluence Investment Management LLC now owns 233,858 shares of the travel company’s stock worth $3,454,000 after purchasing an additional 70,960 shares during the period. 98.99% of the stock is owned by 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.