Tripadvisor (NASDAQ:TRIP) Price Target Raised to $20.00

Tripadvisor (NASDAQ:TRIP) had its target price upped by TD Cowen from $15.00 to $20.00 in a report issued on Thursday morning,Benzinga reports. TD Cowen currently has a hold rating on the travel company’s stock.

TRIP has been the topic of several other research reports. Wedbush reiterated a “neutral” rating and issued a $21.00 price target on shares of Tripadvisor in a report on Wednesday, August 7th. UBS Group cut their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday. JPMorgan Chase & Co. cut their price target on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. DA Davidson cut their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, The Goldman Sachs Group dropped their target price on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.33.

Tripadvisor Stock Up 0.2 %

Shares of Tripadvisor stock opened at $15.49 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 67.35, a P/E/G ratio of 11.45 and a beta of 1.37. The company’s 50 day moving average price is $14.77 and its 200-day moving average price is $16.92.

Institutional Investors Weigh In On Tripadvisor

A number of large investors have recently made changes to their positions in TRIP. Boston Partners bought a new position in shares of Tripadvisor during the 1st quarter valued at approximately $131,887,000. River Road Asset Management LLC boosted its stake in Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after purchasing an additional 917,689 shares during the period. Dimensional Fund Advisors LP boosted its stake in Tripadvisor by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock worth $48,686,000 after purchasing an additional 95,138 shares during the period. AQR Capital Management LLC raised its holdings in shares of Tripadvisor by 53.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after acquiring an additional 822,712 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its holdings in shares of Tripadvisor by 4.9% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company’s stock worth $40,822,000 after acquiring an additional 107,154 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Company Profile

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.