Barclays Has Lowered Expectations for TripAdvisor (NASDAQ:TRIP) Stock Price

TripAdvisor (NASDAQ:TRIP) had its target price cut by analysts at Barclays from $14.00 to $13.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the travel company’s stock. Barclays‘s price objective points to a potential downside of 15.69% from the company’s current price.

TRIP has been the subject of several other reports. Mizuho started coverage on shares of TripAdvisor in a research report on Tuesday, September 30th. They issued an “underperform” rating and a $14.00 price objective for the company. UBS Group restated a “neutral” rating on shares of TripAdvisor in a research note on Sunday, August 10th. Bank of America initiated coverage on shares of TripAdvisor in a report on Monday, July 14th. They issued a “neutral” rating and a $19.00 price target for the company. B. Riley lifted their price objective on shares of TripAdvisor from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, August 11th. Finally, Citigroup boosted their price objective on shares of TripAdvisor from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, August 18th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $16.66.

TripAdvisor Stock Performance

Shares of TRIP opened at $15.42 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.37. The firm has a market cap of $1.79 billion, a PE ratio of 32.13, a P/E/G ratio of 2.49 and a beta of 1.21. TripAdvisor has a 12 month low of $10.43 and a 12 month high of $20.16. The stock has a fifty day moving average price of $16.66 and a 200-day moving average price of $15.86.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The company had revenue of $553.00 million for the quarter, compared to analyst estimates of $562.92 million. During the same period in the prior year, the company posted $0.50 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts predict that TripAdvisor will post 0.46 earnings per share for the current fiscal year.

Insider Transactions at TripAdvisor

In other TripAdvisor news, insider Seth J. Kalvert sold 10,880 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $20.04, for a total value of $218,035.20. Following the sale, the insider directly owned 136,914 shares of the company’s stock, valued at approximately $2,743,756.56. This represents a 7.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TripAdvisor

Institutional investors have recently modified their holdings of the stock. Wittenberg Investment Management Inc. lifted its holdings in TripAdvisor by 80.0% in the first quarter. Wittenberg Investment Management Inc. now owns 126,000 shares of the travel company’s stock valued at $1,785,000 after acquiring an additional 56,000 shares during the period. Y Intercept Hong Kong Ltd grew its stake in shares of TripAdvisor by 136.4% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 49,188 shares of the travel company’s stock worth $642,000 after purchasing an additional 28,377 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of TripAdvisor during the 1st quarter valued at approximately $235,000. Raymond James Financial Inc. increased its holdings in shares of TripAdvisor by 16.9% during the 1st quarter. Raymond James Financial Inc. now owns 238,094 shares of the travel company’s stock valued at $3,374,000 after purchasing an additional 34,347 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of TripAdvisor by 262.1% in the 1st quarter. New York State Common Retirement Fund now owns 207,195 shares of the travel company’s stock valued at $2,936,000 after purchasing an additional 149,980 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

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.