Tripadvisor (NASDAQ:TRIP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Tripadvisor (NASDAQ:TRIP) had its price objective increased by stock analysts at JPMorgan Chase & Co. from $14.00 to $15.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the travel company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 2.40% from the company’s current price.

Several other brokerages have also recently issued reports on TRIP. Wedbush restated a “neutral” rating and issued a $17.00 target price on shares of Tripadvisor in a report on Thursday, December 19th. TD Cowen upped their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. DA Davidson reiterated a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a research note on Thursday. StockNews.com lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, Cantor Fitzgerald reduced their price target on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.57.

Tripadvisor Stock Down 6.9 %

NASDAQ:TRIP traded down $1.13 during midday trading on Friday, reaching $15.37. The company had a trading volume of 438,894 shares, compared to its average volume of 2,507,552. Tripadvisor has a 12-month low of $12.93 and a 12-month high of $28.76. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 66.79, a PEG ratio of 9.66 and a beta of 1.34. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock’s fifty day simple moving average is $15.95 and its 200-day simple moving average is $15.00.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $400.02 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. On average, sell-side analysts anticipate that Tripadvisor will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

Several large investors have recently modified their holdings of the stock. True Wealth Design LLC purchased a new stake in shares of Tripadvisor in the 3rd quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new stake in Tripadvisor during the 3rd quarter valued at $28,000. Bogart Wealth LLC purchased a new stake in shares of Tripadvisor in the fourth quarter valued at $30,000. Blue Trust Inc. lifted its holdings in shares of Tripadvisor by 204.4% in the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after purchasing an additional 1,543 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its position in shares of Tripadvisor by 83.8% in 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. 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.