Tripadvisor (NASDAQ:TRIP – Get Rating) had its price target cut by research analysts at Truist Financial from $57.00 to $44.00 in a research report issued to clients and investors on Thursday, The Fly reports. Truist Financial’s target price would indicate a potential upside of 139.13% from the company’s current price.
A number of other brokerages have also recently commented on TRIP. Citigroup dropped their price target on shares of Tripadvisor from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, May 9th. StockNews.com began coverage on shares of Tripadvisor in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Ascendiant Capital Markets set a $36.00 price target on shares of Tripadvisor in a research note on Monday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.22.
Shares of TRIP stock opened at $18.40 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -25.21 and a beta of 1.36. Tripadvisor has a 52-week low of $18.10 and a 52-week high of $42.62. The company has a 50-day simple moving average of $23.89 and a two-hundred day simple moving average of $25.65.
Several hedge funds have recently added to or reduced their stakes in TRIP. Mirae Asset Global Investments Co. Ltd. grew its holdings in Tripadvisor by 34.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 172,997 shares of the travel company’s stock worth $4,692,000 after acquiring an additional 44,446 shares during the last quarter. Portolan Capital Management LLC bought a new stake in Tripadvisor in the 1st quarter worth $4,094,000. Eaton Vance Management grew its holdings in Tripadvisor by 1,416.2% in the 1st quarter. Eaton Vance Management now owns 37,192 shares of the travel company’s stock worth $1,009,000 after acquiring an additional 34,739 shares during the last quarter. Freshford Capital Management LLC bought a new stake in Tripadvisor in the 1st quarter worth $48,129,000. Finally, Goldman Sachs Group Inc. grew its holdings in Tripadvisor by 25.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 610,247 shares of the travel company’s stock worth $16,550,000 after acquiring an additional 122,405 shares during the last quarter. 82.89% of the stock is currently owned by institutional investors.
Tripadvisor Company Profile (Get Rating)
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.
- Get a free copy of the StockNews.com research report on Tripadvisor (TRIP)
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