Tripadvisor (NASDAQ:TRIP) PT Raised to $28.00

Tripadvisor (NASDAQ:TRIP) had its price objective raised by Citigroup from $23.00 to $28.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the travel company’s stock. Citigroup’s price objective suggests a potential upside of 10.89% from the company’s current price.

TRIP has been the topic of several other reports. The Goldman Sachs Group upped their price objective on Tripadvisor from $23.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. TheStreet upgraded shares of Tripadvisor from a “d+” rating to a “c” rating in a research note on Wednesday, February 14th. Truist Financial boosted their target price on shares of Tripadvisor from $18.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Mizuho boosted their target price on shares of Tripadvisor from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Finally, B. Riley reiterated a “buy” rating and set a $34.00 target price (up from $27.00) on shares of Tripadvisor in a research note on Friday, February 16th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.12.

Tripadvisor Stock Performance

TRIP stock opened at $25.25 on Wednesday. The stock has a market capitalization of $3.48 billion, a PE ratio of 420.83, a price-to-earnings-growth ratio of 1.57 and a beta of 1.57. Tripadvisor has a 12-month low of $14.15 and a 12-month high of $28.76. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02. The stock’s 50 day simple moving average is $26.79 and its 200 day simple moving average is $21.49.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.14. The business had revenue of $390.00 million for the quarter, compared to analysts’ expectations of $372.93 million. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. As a group, research analysts forecast that Tripadvisor will post 0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TRIP. Envestnet Asset Management Inc. boosted its holdings in Tripadvisor by 3.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 12,368 shares of the travel company’s stock worth $335,000 after buying an additional 466 shares during the period. Raymond James & Associates boosted its holdings in Tripadvisor by 56.5% in the 1st quarter. Raymond James & Associates now owns 16,107 shares of the travel company’s stock worth $437,000 after buying an additional 5,813 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Tripadvisor by 435.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 60,450 shares of the travel company’s stock worth $1,639,000 after buying an additional 49,157 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in Tripadvisor in the 1st quarter worth $899,000. Finally, MetLife Investment Management LLC boosted its holdings in Tripadvisor by 39.1% in the 1st quarter. MetLife Investment Management LLC now owns 66,790 shares of the travel company’s stock worth $1,811,000 after buying an additional 18,789 shares during the period. 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.