B. Riley Cuts Tripadvisor (NASDAQ:TRIP) Price Target to $18.00

Tripadvisor (NASDAQ:TRIP) had its target price decreased by B. Riley from $20.00 to $18.00 in a research note released on Monday,Benzinga reports. B. Riley currently has a neutral rating on the travel company’s stock. B. Riley also issued estimates for Tripadvisor’s FY2029 earnings at $0.98 EPS.

Other analysts have also recently issued reports about the company. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Cantor Fitzgerald decreased their price objective on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday, February 21st. Wedbush reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a research report on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.57.

Tripadvisor Trading Up 1.3 %

NASDAQ:TRIP opened at $13.75 on Monday. The stock’s 50 day moving average price is $15.99 and its 200 day moving average price is $15.01. The company has a market capitalization of $1.93 billion, a PE ratio of 687.84, a P/E/G ratio of 9.01 and a beta of 1.35. 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 52-week low of $12.93 and a 52-week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released 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). The firm had revenue of $411.00 million for the quarter, compared to analysts’ expectations of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. On average, research analysts anticipate that Tripadvisor will post 0.46 EPS for the current year.

Institutional Trading of Tripadvisor

Hedge funds have recently modified their holdings of the business. True Wealth Design LLC purchased a new position in Tripadvisor in the 3rd quarter valued at approximately $27,000. Capital Performance Advisors LLP purchased a new position in Tripadvisor in the 3rd quarter valued at approximately $28,000. Bogart Wealth LLC purchased a new position in Tripadvisor in the 4th quarter valued at approximately $30,000. Blue Trust Inc. increased its stake in Tripadvisor by 204.4% in the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after purchasing an additional 1,543 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its stake in Tripadvisor by 83.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after purchasing an additional 1,557 shares in the last quarter. 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.