Tripadvisor (NASDAQ:TRIP) Price Target Lowered to $18.00 at B. Riley

Tripadvisor (NASDAQ:TRIP) had its target price lowered by B. Riley from $20.00 to $18.00 in a research report sent to investors on Monday,Benzinga reports. B. Riley currently has a neutral rating on the travel company’s stock.

Several other brokerages have also weighed in on TRIP. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. DA Davidson reissued a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a report on Thursday, February 20th. JPMorgan Chase & Co. raised their price target on Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, February 21st. Wedbush reissued a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. Finally, Cantor Fitzgerald lowered their price target on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.57.

Tripadvisor Price Performance

Shares of NASDAQ TRIP opened at $13.31 on Monday. Tripadvisor has a 1-year low of $12.93 and a 1-year high of $28.76. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. The business’s fifty day moving average price is $16.04 and its two-hundred day moving average price is $15.02. The firm has a market capitalization of $1.87 billion, a PE ratio of 665.83, a P/E/G ratio of 9.01 and a beta of 1.35.

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

Institutional Investors Weigh In On Tripadvisor

A number of institutional investors have recently bought and sold shares of TRIP. True Wealth Design LLC purchased a new stake in shares of Tripadvisor during the 3rd quarter worth about $27,000. Capital Performance Advisors LLP bought a new position in Tripadvisor in the 3rd quarter worth approximately $28,000. Bogart Wealth LLC bought a new position in Tripadvisor in the 4th quarter worth approximately $30,000. Blue Trust Inc. grew its holdings in shares of Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after purchasing an additional 1,543 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of Tripadvisor by 83.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock worth $50,000 after purchasing an additional 1,557 shares in the last quarter. 98.99% of the stock is currently 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.