JPMorgan Chase & Co. Trims Tripadvisor (NASDAQ:TRIP) Target Price to $17.00

Tripadvisor (NASDAQ:TRIP) had its target price dropped by analysts at JPMorgan Chase & Co. from $25.00 to $17.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “underweight” rating on the travel company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 7.15% from the company’s current price.

Other equities analysts also recently issued reports about the company. TheStreet upgraded Tripadvisor from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th. Mizuho lowered their price target on Tripadvisor from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday. B. Riley reaffirmed a “buy” rating and issued a $34.00 price objective (up previously from $27.00) on shares of Tripadvisor in a report on Friday, February 16th. Wedbush reissued a “neutral” rating and set a $30.00 target price on shares of Tripadvisor in a research note on Thursday, April 18th. Finally, StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.65.

Tripadvisor Stock Performance

NASDAQ:TRIP traded up $0.15 during midday trading on Thursday, reaching $18.31. 6,553,546 shares of the company traded hands, compared to its average volume of 2,689,143. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 305.17, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56. The company has a fifty day moving average price of $26.64 and a 200 day moving average price of $22.48. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.27 and a quick ratio of 2.27. Tripadvisor has a twelve month low of $14.15 and a twelve month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.07 by $0.14. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. The business had revenue of $390.00 million during the quarter, compared to analyst estimates of $372.93 million. On average, analysts expect that Tripadvisor will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Several institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in shares of Tripadvisor by 38.1% in the third quarter. AQR Capital Management LLC now owns 5,115,807 shares of the travel company’s stock worth $84,820,000 after buying an additional 1,410,932 shares during the last quarter. Norges Bank acquired a new stake in Tripadvisor in the 4th quarter worth approximately $27,807,000. Vanguard Group Inc. boosted its position in Tripadvisor by 11.7% during the third quarter. Vanguard Group Inc. now owns 12,084,674 shares of the travel company’s stock worth $200,364,000 after purchasing an additional 1,263,706 shares during the period. Kettle Hill Capital Management LLC acquired a new position in Tripadvisor during the third quarter valued at approximately $19,626,000. Finally, Maple Rock Capital Partners Inc. bought a new position in shares of Tripadvisor in the third quarter valued at approximately $16,431,000. 98.99% of the stock is currently 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.