UBS Group Issues Pessimistic Forecast for Tripadvisor (NASDAQ:TRIP) Stock Price

Tripadvisor (NASDAQ:TRIP) had its price target reduced by analysts at UBS Group from $18.00 to $15.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the travel company’s stock. UBS Group’s price objective suggests a potential upside of 18.02% from the company’s previous close.

A number of other equities analysts have also weighed in on TRIP. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. B. Riley cut their target price on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. JPMorgan Chase & Co. lowered their price target on Tripadvisor from $15.00 to $11.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. Cantor Fitzgerald dropped their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Finally, DA Davidson reissued a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a research report on Thursday, February 20th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Tripadvisor has a consensus rating of “Hold” and an average price target of $17.14.

Tripadvisor Price Performance

TRIP opened at $12.71 on Monday. The firm has a market cap of $1.78 billion, a PE ratio of 635.82, a P/E/G ratio of 9.01 and a beta of 1.25. The stock has a 50-day moving average price of $13.37 and a 200-day moving average price of $14.70. Tripadvisor has a 1 year low of $10.43 and a 1 year high of $27.10. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The firm had revenue of $411.00 million for the quarter, compared to analysts’ expectations of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. Sell-side analysts predict that Tripadvisor will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

Several large investors have recently bought and sold shares of TRIP. LPL Financial LLC grew its position in Tripadvisor by 8.7% in the fourth quarter. LPL Financial LLC now owns 12,511 shares of the travel company’s stock worth $185,000 after acquiring an additional 997 shares in the last quarter. First Hawaiian Bank increased its position in shares of Tripadvisor by 2.9% during the 1st quarter. First Hawaiian Bank now owns 35,684 shares of the travel company’s stock valued at $506,000 after purchasing an additional 1,013 shares during the last quarter. Blue Trust Inc. raised its holdings in Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after buying an additional 1,543 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in Tripadvisor by 83.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock worth $50,000 after buying an additional 1,557 shares during the period. Finally, Bogart Wealth LLC bought a new position in Tripadvisor during the fourth quarter valued at $30,000. 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.