Tripadvisor (NASDAQ:TRIP) Price Target Raised to $28.00 at Citigroup

Tripadvisor (NASDAQ:TRIP) had its price target boosted by investment analysts at Citigroup from $23.00 to $28.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the travel company’s stock. Citigroup’s price objective would suggest a potential upside of 10.24% from the stock’s previous close.

Several other research firms have also weighed in on TRIP. The Goldman Sachs Group upped their target price on shares of Tripadvisor from $23.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Wedbush reissued a “neutral” rating and set a $20.00 price objective on shares of Tripadvisor in a report on Thursday, February 15th. Ascendiant Capital Markets increased their price objective on shares of Tripadvisor from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, December 29th. Mizuho increased their price objective on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Finally, TheStreet raised shares of Tripadvisor from a “d+” rating to a “c” rating in a report on Wednesday, February 14th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Tripadvisor has a consensus rating of “Hold” and a consensus target price of $23.53.

Tripadvisor Price Performance

Shares of TRIP stock traded up $0.19 during mid-day trading on Wednesday, reaching $25.40. The company’s stock had a trading volume of 1,244,712 shares, compared to its average volume of 2,427,768. Tripadvisor has a 1-year low of $14.15 and a 1-year high of $28.76. The company has a market cap of $3.50 billion, a P/E ratio of 424.83, a PEG ratio of 1.58 and a beta of 1.57. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.27 and a current ratio of 2.27. The firm’s 50-day moving average is $26.66 and its two-hundred day moving average is $21.44.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.14. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. The company had revenue of $390.00 million during the quarter, compared to analysts’ expectations of $372.93 million. On average, research analysts predict that Tripadvisor will post 0.89 earnings per share for the current year.

Hedge Funds Weigh In On Tripadvisor

Institutional investors and hedge funds have recently modified their holdings of the stock. Dark Forest Capital Management LP increased its holdings in shares of Tripadvisor by 1,227.3% in the first quarter. Dark Forest Capital Management LP now owns 1,699 shares of the travel company’s stock valued at $34,000 after purchasing an additional 1,571 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Tripadvisor in the third quarter valued at $34,000. International Assets Investment Management LLC increased its holdings in shares of Tripadvisor by 2,053.0% in the fourth quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock valued at $46,000 after purchasing an additional 2,053 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Tripadvisor by 52.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock valued at $54,000 after acquiring an additional 861 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Tripadvisor by 1,384.6% in the third quarter. CWM LLC now owns 5,018 shares of the travel company’s stock valued at $83,000 after acquiring an additional 4,680 shares in the last quarter. 98.99% of the stock is currently 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.