TripAdvisor, Inc. (NASDAQ:TRIP) Stock Has Average Target Price of $12.25

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) have been assigned an average recommendation of “Reduce” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.82.

A number of research analysts have recently weighed in on the company. Barclays dropped their target price on TripAdvisor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Friday, November 6th. Cantor Fitzgerald reduced their target price on shares of TripAdvisor from $8.00 to $6.00 and set an “underweight” rating for the company in a research note on Friday, November 6th. Jefferies Financial Group upgraded shares of TripAdvisor from an “underperform” rating to a “hold” rating and lowered their target price for the company from $8.00 to $7.00 in a report on Monday. UBS Group dropped their price target on shares of TripAdvisor from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, November 6th. Finally, Zacks Research downgraded TripAdvisor from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 5th.

Insiders Place Their Bets

In related news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $9.45, for a total transaction of $75,600.00. Following the completion of the transaction, the chief executive officer owned 30,456 shares in the company, valued at approximately $287,809.20. This represents a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On TripAdvisor

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in TripAdvisor in the 2nd quarter worth about $239,065,000. State Street Corp lifted its stake in shares of TripAdvisor by 1.6% during the 2nd quarter. State Street Corp now owns 4,966,046 shares of the travel company’s stock valued at $68,084,000 after buying an additional 77,501 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of TripAdvisor by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,973,534 shares of the travel company’s stock valued at $42,356,000 after buying an additional 210,591 shares in the last quarter. U S Global Investors Inc. lifted its stake in shares of TripAdvisor by 32.0% during the 3rd quarter. U S Global Investors Inc. now owns 1,840,229 shares of the travel company’s stock valued at $15,403,000 after buying an additional 446,255 shares in the last quarter. Finally, Converium Capital Inc. bought a new position in shares of TripAdvisor in the first quarter worth $11,460,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

TripAdvisor Price Performance

Shares of NASDAQ:TRIP opened at $7.24 on Wednesday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.75 and a current ratio of 1.75. TripAdvisor has a 52 week low of $6.78 and a 52 week high of $15.73. The firm has a market cap of $848.53 million, a PE ratio of -2.35, a price-to-earnings-growth ratio of 2.92 and a beta of 0.87. The firm’s fifty day moving average is $8.71 and its 200-day moving average is $10.76.

TripAdvisor (NASDAQ:TRIP) last released its earnings results on Thursday, November 5th. The travel company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.06). The business had revenue of $436.40 million for the quarter, compared to analyst estimates of $447.39 million. TripAdvisor had a positive return on equity of 0.88% and a negative net margin of 21.60%. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 EPS. Sell-side analysts predict that TripAdvisor will post 0.34 earnings per share for the current year.

About TripAdvisor

Tripadvisor, Inc. operates a global travel platform that helps people plan and book trips. Its website and mobile app feature traveler reviews and opinions, travel information, and tools for comparing and booking hotels, restaurants, attractions, and experiences. The company’s portfolio includes Tripadvisor, Viator, which focuses on tours and activities, and TheFork, a restaurant discovery and reservation service. Its brands serve travelers, experience providers, restaurants, and other businesses in markets around the world.