TripAdvisor (NASDAQ:TRIP) Given New $45.00 Price Target at Barclays


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TripAdvisor (NASDAQ:TRIP) had its price objective raised by Barclays from $25.00 to $45.00 in a report published on Monday, The Fly reports.

TRIP has been the subject of several other research reports. Stifel Nicolaus lifted their price target on shares of TripAdvisor from $26.00 to $39.00 and gave the stock a hold rating in a research report on Monday. Deutsche Bank Aktiengesellschaft upped their target price on shares of TripAdvisor from $36.00 to $38.00 and gave the company a hold rating in a research report on Thursday, February 18th. Truist raised their price target on TripAdvisor from $25.00 to $37.00 in a research report on Thursday, January 21st. Needham & Company LLC dropped their price objective on TripAdvisor from $26.00 to $25.00 and set a buy rating for the company in a report on Monday, November 9th. Finally, Credit Suisse Group raised their target price on TripAdvisor from $25.00 to $31.00 and gave the stock a neutral rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $29.65.

Shares of TRIP opened at $44.71 on Monday. The business’s fifty day moving average price is $34.74 and its two-hundred day moving average price is $26.16. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of -29.61 and a beta of 1.48. TripAdvisor has a 52 week low of $13.73 and a 52 week high of $46.48. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.65 and a current ratio of 2.65.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Thursday, February 18th. The travel company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.01. TripAdvisor had a negative return on equity of 15.76% and a negative net margin of 24.54%. As a group, research analysts forecast that TripAdvisor will post -1.72 EPS for the current year.

In other news, SVP Seth J. Kalvert sold 18,975 shares of the company’s stock in a transaction dated Monday, December 21st. The stock was sold at an average price of $25.69, for a total transaction of $487,467.75. Following the completion of the transaction, the senior vice president now directly owns 34,098 shares of the company’s stock, valued at $875,977.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ernst 02494 Teunissen sold 32,722 shares of the stock in a transaction dated Friday, January 8th. The stock was sold at an average price of $34.00, for a total value of $1,112,548.00. Following the transaction, the chief financial officer now owns 23,603 shares of the company’s stock, valued at $802,502. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,047 shares of company stock valued at $1,610,040. 3.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of TRIP. Vantage Consulting Group Inc acquired a new stake in shares of TripAdvisor in the fourth quarter valued at approximately $29,000. Joseph P. Lucia & Associates LLC bought a new position in TripAdvisor in the fourth quarter valued at $35,000. Banque Cantonale Vaudoise acquired a new stake in TripAdvisor in the 4th quarter valued at $35,000. Meeder Asset Management Inc. lifted its position in TripAdvisor by 473.9% during the 4th quarter. Meeder Asset Management Inc. now owns 1,211 shares of the travel company’s stock worth $35,000 after buying an additional 1,000 shares in the last quarter. Finally, Freestone Capital Holdings LLC acquired a new position in shares of TripAdvisor during the 3rd quarter worth about $44,000. 69.51% of the stock is owned by institutional investors.

About TripAdvisor

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages.

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Analyst Recommendations for TripAdvisor (NASDAQ:TRIP)

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