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

TripAdvisor (NASDAQ:TRIP) had its target price cut by equities researchers at UBS Group from $19.00 to $16.00 in a report released on Tuesday, MarketBeat Ratings reports. The brokerage presently has a “neutral” rating on the travel company’s stock. UBS Group’s price objective indicates a potential upside of 26.98% from the stock’s previous close.

Several other analysts also recently weighed in on TRIP. Zacks Research raised TripAdvisor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Mizuho set a $17.00 price target on TripAdvisor and gave the company a “neutral” rating in a report on Friday, November 14th. Cantor Fitzgerald reduced their price objective on shares of TripAdvisor from $15.00 to $14.00 and set an “underweight” rating for the company in a report on Thursday, January 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of TripAdvisor in a research note on Monday, December 29th. Finally, B. Riley dropped their price target on shares of TripAdvisor from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, TripAdvisor has a consensus rating of “Reduce” and a consensus target price of $16.16.

TripAdvisor Trading Up 0.4%

Shares of NASDAQ:TRIP opened at $12.60 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.21. The company’s 50-day moving average price is $14.26 and its 200 day moving average price is $15.79. The company has a market cap of $1.47 billion, a PE ratio of 19.69, a P/E/G ratio of 1.24 and a beta of 1.01. TripAdvisor has a fifty-two week low of $10.43 and a fifty-two week high of $20.16.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $553.00 million for the quarter, compared to analyst estimates of $562.92 million. TripAdvisor had a net margin of 4.23% and a return on equity of 14.77%. TripAdvisor’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.50 earnings per share. Sell-side analysts anticipate that TripAdvisor will post 0.46 earnings per share for the current year.

Institutional Trading of TripAdvisor

A number of hedge funds and other institutional investors have recently made changes to their positions in TRIP. Pacer Advisors Inc. grew its position in TripAdvisor by 57.0% in the fourth quarter. Pacer Advisors Inc. now owns 677,836 shares of the travel company’s stock worth $9,869,000 after buying an additional 246,196 shares during the last quarter. Versor Investments LP lifted its position in shares of TripAdvisor by 159.0% during the 4th quarter. Versor Investments LP now owns 46,100 shares of the travel company’s stock valued at $671,000 after acquiring an additional 28,300 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV lifted its position in shares of TripAdvisor by 1.3% during the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 64,053 shares of the travel company’s stock valued at $933,000 after acquiring an additional 847 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of TripAdvisor by 7.3% during the 4th quarter. New York State Teachers Retirement System now owns 140,178 shares of the travel company’s stock worth $2,041,000 after acquiring an additional 9,492 shares in the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of TripAdvisor in the 4th quarter worth $738,000. 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.