Tripadvisor (NASDAQ:TRIP) Price Target Raised to $15.00 at JPMorgan Chase & Co.

Tripadvisor (NASDAQ:TRIP) had its price target lifted by JPMorgan Chase & Co. from $14.00 to $15.00 in a report published on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the travel company’s stock.

TRIP has been the topic of a number of other research reports. Cantor Fitzgerald dropped their price target on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, November 7th. B. Riley raised their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Wedbush reiterated a “neutral” rating and set a $17.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. StockNews.com downgraded Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Finally, TD Cowen upped their price objective on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.71.

Tripadvisor Stock Performance

Shares of TRIP opened at $15.11 on Friday. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 755.88, a P/E/G ratio of 9.01 and a beta of 1.34. The business’s fifty day simple moving average is $15.98 and its two-hundred day simple moving average is $15.00. Tripadvisor has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The business had revenue of $411.00 million for the quarter, compared to the consensus estimate of $400.02 million. Research analysts anticipate that Tripadvisor will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TRIP. CSS LLC IL purchased a new stake in Tripadvisor in the 4th quarter worth approximately $379,000. Vident Advisory LLC boosted its position in shares of Tripadvisor by 22.9% in the fourth quarter. Vident Advisory LLC now owns 164,792 shares of the travel company’s stock worth $2,434,000 after purchasing an additional 30,752 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Tripadvisor by 150,850.0% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,057 shares of the travel company’s stock worth $134,000 after purchasing an additional 9,051 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Tripadvisor by 483.9% in the fourth quarter. Point72 Asset Management L.P. now owns 723,904 shares of the travel company’s stock worth $10,692,000 after purchasing an additional 599,933 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Tripadvisor by 177.4% during the 4th quarter. Quantinno Capital Management LP now owns 108,689 shares of the travel company’s stock valued at $1,605,000 after purchasing an additional 69,508 shares during the period. 98.99% of the stock is owned by hedge funds and other 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.