Tripadvisor (NASDAQ:TRIP) Given New $16.00 Price Target at UBS Group

Tripadvisor (NASDAQ:TRIP) had its target price upped by UBS Group from $15.00 to $16.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the travel company’s stock.

TRIP has been the topic of several other research reports. B. Riley cut their price target on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Mizuho raised shares of Tripadvisor to a “hold” rating in a research note on Friday, April 18th. JPMorgan Chase & Co. cut their price objective on Tripadvisor from $15.00 to $11.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Finally, DA Davidson restated a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Tripadvisor has an average rating of “Hold” and an average price target of $17.25.

Tripadvisor Trading Up 0.5 %

Shares of TRIP opened at $15.02 on Thursday. The stock has a market capitalization of $2.11 billion, a P/E ratio of 751.38, a PEG ratio of 9.01 and a beta of 1.27. Tripadvisor has a twelve month low of $10.43 and a twelve month high of $19.37. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The firm has a fifty day simple moving average of $13.18 and a two-hundred day simple moving average of $14.61.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.09. The company had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $386.94 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. Tripadvisor’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share. On average, research analysts anticipate that Tripadvisor will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in shares of Tripadvisor by 179.5% during the fourth quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock valued at $65,172,000 after acquiring an additional 2,833,528 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Tripadvisor by 40.1% in the 4th quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock worth $49,694,000 after purchasing an additional 962,262 shares in the last quarter. Toronado Partners LLC purchased a new position in shares of Tripadvisor in the fourth quarter worth $10,533,000. Gotham Asset Management LLC boosted its position in shares of Tripadvisor by 170.6% during the fourth quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company’s stock valued at $15,860,000 after buying an additional 676,977 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Tripadvisor by 679.5% in the 4th quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company’s stock worth $10,911,000 after buying an additional 643,963 shares in the last quarter. 98.99% of the stock is 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.