TripAdvisor (NASDAQ:TRIP) Price Target Lowered to $22.00 at The Goldman Sachs Group

TripAdvisor (NASDAQ:TRIP) had its price target decreased by equities researchers at The Goldman Sachs Group from $25.00 to $22.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the travel company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 108.47% from the stock’s previous close.

A number of other brokerages also recently issued reports on TRIP. Wedbush cut their price objective on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday. Sanford C. Bernstein reissued an “outperform” rating and set a $20.00 price target on shares of TripAdvisor in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TripAdvisor in a research note on Monday, December 29th. DA Davidson set a $11.00 price objective on TripAdvisor and gave the company a “neutral” rating in a research note on Tuesday. Finally, Zacks Research raised shares of TripAdvisor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, TripAdvisor presently has an average rating of “Hold” and a consensus price target of $15.32.

TripAdvisor Stock Performance

Shares of NASDAQ TRIP traded up $0.94 during midday trading on Tuesday, hitting $10.55. 5,062,976 shares of the company’s stock traded hands, compared to its average volume of 3,123,416. The firm has a fifty day moving average of $13.69 and a 200 day moving average of $15.43. TripAdvisor has a 1 year low of $9.46 and a 1 year high of $20.16. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.33 and a current ratio of 1.29. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 0.83 and a beta of 1.01.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Thursday, February 12th. The travel company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). The business had revenue of $411.00 million during the quarter, compared to analysts’ expectations of $412.53 million. TripAdvisor had a return on equity of 10.67% and a net margin of 2.12%.The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. On average, analysts forecast that TripAdvisor will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On TripAdvisor

Several institutional investors have recently bought and sold shares of TRIP. Y Intercept Hong Kong Ltd lifted its position in TripAdvisor by 136.4% during the second quarter. Y Intercept Hong Kong Ltd now owns 49,188 shares of the travel company’s stock valued at $642,000 after purchasing an additional 28,377 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of TripAdvisor by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 799,569 shares of the travel company’s stock valued at $10,434,000 after buying an additional 54,954 shares in the last quarter. Greenland Capital Management LP lifted its holdings in shares of TripAdvisor by 176.4% in the 2nd quarter. Greenland Capital Management LP now owns 294,151 shares of the travel company’s stock valued at $3,839,000 after acquiring an additional 187,734 shares during the last quarter. Texas Permanent School Fund Corp grew its position in TripAdvisor by 472.4% in the second quarter. Texas Permanent School Fund Corp now owns 366,638 shares of the travel company’s stock worth $4,785,000 after acquiring an additional 302,587 shares in the last quarter. Finally, Toronado Partners LLC increased its stake in TripAdvisor by 5.8% during the second quarter. Toronado Partners LLC now owns 990,649 shares of the travel company’s stock worth $12,928,000 after acquiring an additional 54,042 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about TripAdvisor

Here are the key news stories impacting TripAdvisor this week:

• Positive Sentiment: Starboard engagement and push for board control — Starboard Value says it intends to nominate directors and has been in discussions with TripAdvisor’s board; activists often force strategic options or management change that can unlock value. Article Title
• Positive Sentiment: Coverage highlights activist as a potential catalyst for travel stocks — press commentary (Barron’s, WSJ) frames Starboard’s move as a clear catalyst given solid travel demand, which can attract buyers/speculators. Article Title
• Neutral Sentiment: TripAdvisor issued a formal statement about engagement with Starboard — company acknowledgement reduces uncertainty but offers few public details on outcomes. Article Title
• Neutral Sentiment: Analyst/features on value case — Zacks and others highlight TripAdvisor as a value-ranked stock, which may support interest from value investors but isn’t an immediate catalyst. Article Title
• Neutral Sentiment: Marketing/newsflow: TripAdvisor’s Travelers’ Choice awards (top beaches) — brand momentum/engagement story but limited direct impact on near-term valuation. Article Title
• Negative Sentiment: Analyst price-target cuts and downgrades — several brokers (Wedbush, BTIG and others) have trimmed targets and outlooks this week, reflecting disappointment after the company missed recent earnings expectations. Article Title Article Title Article Title
• Negative Sentiment: Recent earnings miss and weaker near-term fundamentals — the company missed EPS expectations in its latest quarter, which triggered the recent share weakness that helped prompt activist interest. Article Title

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.