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

Tripadvisor (NASDAQ:TRIP) had its target price upped by stock analysts at JPMorgan Chase & Co. from $11.00 to $13.00 in a report released on Friday,Benzinga reports. The firm presently has an “underweight” rating on the travel company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 13.45% from the stock’s current price.

Several other analysts also recently weighed in on the company. Mizuho upgraded Tripadvisor to a “hold” rating in a research report on Friday, April 18th. Cantor Fitzgerald lowered their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. UBS Group raised their target price on shares of Tripadvisor from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday. DA Davidson reissued a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a research note on Thursday, February 20th. Finally, StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Tripadvisor currently has an average rating of “Hold” and an average price target of $17.25.

Tripadvisor Trading Up 0.5 %

TRIP stock opened at $15.02 on Friday. The firm’s fifty day simple moving average is $13.18 and its two-hundred day simple moving average is $14.61. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 751.38, a price-to-earnings-growth ratio of 9.01 and a beta of 1.27. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. Tripadvisor has a twelve month low of $10.43 and a twelve month high of $19.37.

Tripadvisor (NASDAQ:TRIP) last announced 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 business had revenue of $398.00 million during the quarter, compared to the consensus estimate of $386.94 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 earnings per share. As a group, analysts anticipate that Tripadvisor will post 0.46 earnings per share for the current year.

Institutional Trading of Tripadvisor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. increased its position in Tripadvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock valued at $65,172,000 after buying an additional 2,833,528 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Tripadvisor by 40.1% in the 4th quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock valued at $49,694,000 after purchasing an additional 962,262 shares during the last quarter. Toronado Partners LLC acquired a new stake in Tripadvisor in the 4th quarter worth approximately $10,533,000. Gotham Asset Management LLC grew its position in Tripadvisor by 170.6% during the 4th quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company’s stock worth $15,860,000 after purchasing an additional 676,977 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Tripadvisor by 679.5% during the 4th quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company’s stock valued at $10,911,000 after purchasing an additional 643,963 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

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.