TripAdvisor (NASDAQ:TRIP) Price Target Lowered to $12.50 at B. Riley Financial

TripAdvisor (NASDAQ:TRIP) had its price target lowered by equities researchers at B. Riley Financial from $13.00 to $12.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the travel company’s stock. B. Riley Financial’s price objective points to a potential upside of 17.87% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Weiss Ratings restated a “sell (d)” rating on shares of TripAdvisor in a report on Friday, May 15th. UBS Group boosted their target price on shares of TripAdvisor from $13.70 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Cantor Fitzgerald dropped their price target on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Friday. The Goldman Sachs Group restated a “buy” rating and set a $16.00 price target on shares of TripAdvisor in a report on Monday, July 20th. Finally, BTIG Research lowered shares of TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $14.68.

TripAdvisor Stock Down 1.6%

TRIP traded down $0.17 during trading on Monday, reaching $10.61. 1,269,516 shares of the stock traded hands, compared to its average volume of 3,662,423. The stock’s 50-day simple moving average is $13.27 and its two-hundred day simple moving average is $11.70. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.56 and a quick ratio of 1.56. TripAdvisor has a fifty-two week low of $9.01 and a fifty-two week high of $20.16. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 1,061.56, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The firm had revenue of $385.30 million during the quarter, compared to analyst estimates of $506.27 million. During the same period in the previous year, the company earned $0.46 earnings per share. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. As a group, equities research analysts expect that TripAdvisor will post 0.69 EPS for the current year.

Insider Buying and Selling at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total transaction of $98,400.00. Following the completion of the sale, the chief executive officer directly owned 34,396 shares of the company’s stock, valued at approximately $423,070.80. This represents a 18.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On TripAdvisor

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of TripAdvisor in the second quarter worth about $239,065,000. Vanguard Group Inc. grew its holdings in TripAdvisor by 6.1% in the 4th quarter. Vanguard Group Inc. now owns 12,567,936 shares of the travel company’s stock valued at $182,989,000 after buying an additional 721,957 shares during the last quarter. Starboard Value LP increased its position in TripAdvisor by 1.4% in the 4th quarter. Starboard Value LP now owns 9,644,996 shares of the travel company’s stock worth $140,431,000 after buying an additional 134,512 shares during the period. Ameriprise Financial Inc. increased its position in TripAdvisor by 24.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock worth $120,585,000 after buying an additional 1,445,607 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of TripAdvisor by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,973,534 shares of the travel company’s stock valued at $42,356,000 after acquiring an additional 210,591 shares during the period. 98.99% of the stock is currently owned by institutional investors.

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.