TripAdvisor (NASDAQ:TRIP) Stock Price Target Lowered at UBS Group

TripAdvisor (NASDAQ:TRIP) had its price objective cut by analysts at UBS Group from $12.00 to $10.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the travel company’s stock. UBS Group‘s price objective indicates a potential upside of 6.33% from the company’s previous close.

TRIP has been the subject of several other reports. Weiss Ratings reiterated a “sell (d)” rating on shares of TripAdvisor in a research report on Wednesday, August 12th. The Goldman Sachs Group restated a “buy” rating and issued a $16.00 target price on shares of TripAdvisor in a research report on Monday, July 20th. B. Riley Financial cut their target price on TripAdvisor from $13.00 to $12.50 and set a “neutral” rating on the stock in a research note on Monday, August 10th. JPMorgan Chase & Co. cut their target price on TripAdvisor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Friday, August 7th. Finally, BTIG Research lowered TripAdvisor from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $13.88.

TripAdvisor Stock Performance

TripAdvisor stock traded down $0.04 during midday trading on Tuesday, reaching $9.40. 584,460 shares of the stock traded hands, compared to its average volume of 3,630,457. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.28. The firm has a fifty day moving average price of $9.06 and a two-hundred day moving average price of $11.01. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 940.54, a PEG ratio of 3.60 and a beta of 0.87. TripAdvisor has a fifty-two week low of $8.02 and a fifty-two week high of $17.53.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The firm had revenue of $385.30 million during the quarter, compared to analyst estimates of $506.27 million. During the same quarter in the previous year, the business posted $0.46 EPS. TripAdvisor’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities research analysts forecast that TripAdvisor will post 0.34 earnings per share for the current year.

Insider Activity at TripAdvisor

In other news, CEO Almir Ambeskovic sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $9.45, for a total value of $75,600.00. Following the completion of the sale, the chief executive officer directly owned 30,456 shares of the company’s stock, valued at approximately $287,809.20. This represents a 20.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in TripAdvisor during the second quarter worth approximately $239,065,000. Converium Capital Inc. acquired a new stake in TripAdvisor in the first quarter worth approximately $11,460,000. Bank of New York Mellon Corp acquired a new stake in TripAdvisor in the second quarter worth approximately $9,963,000. Callodine Capital Management LP bought a new position in TripAdvisor during the 1st quarter valued at $6,143,000. Finally, Empowered Funds LLC bought a new position in TripAdvisor during the 2nd quarter valued at $6,913,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

About TripAdvisor

Tripadvisor, Inc (NASDAQ: TRIP) operates a global travel guidance and experiences platform. Its flagship Tripadvisor brand provides user-generated reviews, ratings, photos and travel information covering hotels, restaurants, attractions and destinations, helping travelers research and plan trips.

The company also operates Viator, an online marketplace for tours, activities and other travel experiences, and TheFork, a digital restaurant reservation platform serving diners and restaurants.