TripAdvisor (NASDAQ:TRIP) Price Target Cut to $13.00 by Analysts at Barclays

TripAdvisor (NASDAQ:TRIP) had its price target trimmed by Barclays from $14.00 to $13.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an underweight rating on the travel company’s stock.

Several other equities analysts have also weighed in on TRIP. Bank of America began coverage on shares of TripAdvisor in a report on Monday, July 14th. They set a “neutral” rating and a $19.00 target price for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of TripAdvisor in a report on Friday. B. Riley upped their price objective on shares of TripAdvisor from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Citigroup lifted their price target on TripAdvisor from $16.00 to $19.00 and gave the company a “neutral” rating in a research note 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 company’s stock. According to MarketBeat, TripAdvisor presently has a consensus rating of “Reduce” and an average price target of $16.66.

TripAdvisor Price Performance

Shares of TRIP stock remained flat at $15.42 on Friday. The stock had a trading volume of 2,592,822 shares, compared to its average volume of 3,019,463. TripAdvisor has a fifty-two week low of $10.43 and a fifty-two week high of $20.16. 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 stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 2.49 and a beta of 1.21. The company’s fifty day simple moving average is $16.66 and its 200-day simple moving average is $15.83.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, topping 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 firm had revenue of $553.00 million for the quarter, compared to analyst estimates of $562.92 million. During the same period last year, the company earned $0.50 earnings per share. TripAdvisor’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts expect that TripAdvisor will post 0.46 EPS for the current year.

Insider Buying and Selling at TripAdvisor

In related news, insider Seth J. Kalvert sold 10,880 shares of the firm’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $20.04, for a total value of $218,035.20. Following the transaction, the insider directly owned 136,914 shares of the company’s stock, valued at approximately $2,743,756.56. This trade represents a 7.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TripAdvisor

Hedge funds have recently made changes to their positions in the company. Essex Investment Management Co. LLC boosted its stake in shares of TripAdvisor by 75.7% in the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after acquiring an additional 656 shares during the last quarter. Covestor Ltd lifted its holdings in TripAdvisor by 64.8% in the 3rd quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after purchasing an additional 696 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in TripAdvisor by 39.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after purchasing an additional 705 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in TripAdvisor by 308.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock worth $53,000 after purchasing an additional 3,078 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of TripAdvisor by 419.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company’s stock worth $55,000 after buying an additional 3,144 shares in the last quarter. Institutional investors and hedge funds 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.