UBS Group Increases Tripadvisor (NASDAQ:TRIP) Price Target to $16.00

Tripadvisor (NASDAQ:TRIP) had its price objective raised by analysts at UBS Group from $15.00 to $16.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the travel company’s stock. UBS Group’s price objective would suggest a potential upside of 6.52% from the stock’s current price.

Several other brokerages have also weighed in on TRIP. JPMorgan Chase & Co. decreased their price objective on shares of Tripadvisor from $15.00 to $11.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. DA Davidson reiterated a “neutral” rating and issued a $16.00 target price on shares of Tripadvisor in a research report on Thursday, February 20th. Mizuho raised Tripadvisor to a “hold” rating in a research report on Friday, April 18th. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a report on Monday, February 24th. Finally, B. Riley dropped their target price on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Tripadvisor presently has a consensus rating of “Hold” and an average price target of $17.08.

Tripadvisor Stock Performance

NASDAQ:TRIP opened at $15.02 on Thursday. The firm has a 50-day moving average of $13.18 and a two-hundred day moving average of $14.61. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. The stock has a market cap of $2.11 billion, a P/E ratio of 751.38, a PEG ratio of 9.01 and a beta of 1.27. Tripadvisor has a 1-year low of $10.43 and a 1-year high of $19.37.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.09. The company had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. Tripadvisor’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 EPS. On average, research analysts expect that Tripadvisor will post 0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Tripadvisor in the 4th quarter worth approximately $295,000. ExodusPoint Capital Management LP acquired a new stake in shares of Tripadvisor during the 4th quarter valued at $5,170,000. Ieq Capital LLC lifted its position in shares of Tripadvisor by 391.1% during the 4th quarter. Ieq Capital LLC now owns 63,680 shares of the travel company’s stock valued at $941,000 after acquiring an additional 50,713 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Tripadvisor during the 4th quarter worth $308,000. Finally, U S Global Investors Inc. grew its holdings in shares of Tripadvisor by 2.0% in the 4th quarter. U S Global Investors Inc. now owns 1,543,056 shares of the travel company’s stock worth $22,791,000 after acquiring an additional 30,508 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

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.