Brokerages Set TripAdvisor, Inc. (NASDAQ:TRIP) Target Price at $16.66

TripAdvisor, Inc. (NASDAQ:TRIP) has earned a consensus rating of “Reduce” from the twelve ratings firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $16.6591.

TRIP has been the topic of a number of recent research reports. B. Riley cut their price target on shares of TripAdvisor from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Barclays cut their target price on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TripAdvisor in a research note on Tuesday, November 25th. Finally, Mizuho set a $17.00 target price on TripAdvisor and gave the company a “neutral” rating in a report on Friday, November 14th.

TripAdvisor Stock Performance

Shares of TRIP stock opened at $14.88 on Wednesday. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.49 and a beta of 1.21. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.37. The business’s 50-day moving average price is $15.72 and its 200-day moving average price is $16.00. TripAdvisor has a 12 month low of $10.43 and a 12 month high of $20.16.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The company had revenue of $553.00 million during the quarter, compared to the consensus estimate of $562.92 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts forecast that TripAdvisor will post 0.46 EPS for the current year.

Insider Buying and Selling at TripAdvisor

In other news, insider Seth J. Kalvert sold 10,880 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $218,035.20. Following the completion of the sale, the insider directly owned 136,914 shares in the company, valued at $2,743,756.56. This represents a 7.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by company insiders.

Institutional Trading of TripAdvisor

A number of institutional investors have recently bought and sold shares of the company. Essex Investment Management Co. LLC lifted its stake in TripAdvisor by 75.7% in the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock valued at $25,000 after buying an additional 656 shares during the period. Covestor Ltd increased its stake in shares of TripAdvisor by 64.8% in the 3rd quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after acquiring an additional 696 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of TripAdvisor by 39.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after acquiring an additional 705 shares during the period. Tower Research Capital LLC TRC boosted its stake in TripAdvisor by 308.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock worth $53,000 after acquiring an additional 3,078 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in TripAdvisor by 419.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company’s stock worth $55,000 after acquiring an additional 3,144 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

About TripAdvisor

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.