Tripadvisor (NASDAQ:TRIP) Given New $28.00 Price Target at Citigroup

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

A number of other research firms have also weighed in on TRIP. StockNews.com upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Mizuho lifted their price objective on shares of Tripadvisor from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. BMO Capital Markets lifted their price objective on shares of Tripadvisor from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Ascendiant Capital Markets lifted their price objective on shares of Tripadvisor from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, December 29th. Finally, Truist Financial lifted their price objective on shares of Tripadvisor from $18.00 to $28.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $23.53.

Tripadvisor Stock Performance

Shares of Tripadvisor stock traded up $0.19 during 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. The company has a 50-day moving average price of $26.66 and a two-hundred day moving average price of $21.44. The firm has a market cap of $3.50 billion, a PE ratio of 424.83, a P/E/G ratio of 1.58 and a beta of 1.57. Tripadvisor has a fifty-two week low of $14.15 and a fifty-two week high of $28.76. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02.

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

Institutional Investors Weigh In On Tripadvisor

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Tripadvisor by 6.6% in the 4th quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company’s stock worth $277,233,000 after buying an additional 791,940 shares in the last quarter. Select Equity Group L.P. boosted its position in shares of Tripadvisor by 23.7% in the 1st quarter. Select Equity Group L.P. now owns 7,822,394 shares of the travel company’s stock worth $155,353,000 after buying an additional 1,498,893 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Tripadvisor by 38.1% in the 3rd quarter. AQR Capital Management LLC now owns 5,115,807 shares of the travel company’s stock worth $84,820,000 after buying an additional 1,410,932 shares in the last quarter. FIL Ltd boosted its position in shares of Tripadvisor by 14.8% in the 4th quarter. FIL Ltd now owns 4,347,423 shares of the travel company’s stock worth $93,600,000 after buying an additional 561,703 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Tripadvisor by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,438,349 shares of the travel company’s stock valued at $74,027,000 after purchasing an additional 304,975 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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.