Tripadvisor (NASDAQ:TRIP) Price Target Cut to $24.00 by Analysts at The Goldman Sachs Group

Tripadvisor (NASDAQ:TRIP) had its target price reduced by The Goldman Sachs Group from $27.00 to $24.00 in a report released on Thursday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the travel company’s stock.

Several other research analysts have also commented on the stock. B. Riley lowered shares of Tripadvisor from a buy rating to a neutral rating and lowered their price objective for the company from $26.00 to $19.00 in a research note on Wednesday. BTIG Research dropped their price target on shares of Tripadvisor from $25.00 to $20.00 and set a buy rating for the company in a research note on Wednesday. BMO Capital Markets reduced their price objective on Tripadvisor from $20.00 to $17.00 and set a market perform rating on the stock in a research note on Wednesday. Mizuho lowered their target price on Tripadvisor from $23.00 to $21.00 and set a neutral rating for the company in a research note on Thursday, May 9th. Finally, Wedbush restated a neutral rating and set a $21.00 price target on shares of Tripadvisor in a report on Wednesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tripadvisor presently has a consensus rating of Hold and an average target price of $20.29.

Tripadvisor Trading Down 3.3 %

Shares of Tripadvisor stock traded down $0.47 during mid-day trading on Thursday, hitting $13.56. The stock had a trading volume of 3,727,634 shares, compared to its average volume of 2,436,540. The firm has a 50-day moving average of $17.53 and a two-hundred day moving average of $21.99. The firm has a market cap of $1.89 billion, a P/E ratio of 90.41, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.08. Tripadvisor has a 12-month low of $13.41 and a 12-month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a return on equity of 11.87% and a net margin of 1.32%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Sell-side analysts forecast that Tripadvisor will post 0.63 earnings per share for the current year.

Institutional Trading of Tripadvisor

Large investors have recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of Tripadvisor by 104.1% in the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after acquiring an additional 846 shares during the period. International Assets Investment Management LLC increased its stake in Tripadvisor by 2,053.0% in the fourth quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock valued at $46,000 after purchasing an additional 2,053 shares during the period. Quest Partners LLC boosted its stake in shares of Tripadvisor by 14,244.4% during the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after buying an additional 2,564 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Tripadvisor by 52.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock worth $54,000 after buying an additional 861 shares during the last quarter. Finally, Gladius Capital Management LP acquired a new position in Tripadvisor in the 2nd quarter valued at about $79,000. 98.99% of the stock is owned by institutional investors and hedge funds.

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.