TripAdvisor, Inc. (NASDAQ:TRIP)‘s stock had its “neutral” rating reissued by research analysts at Cantor Fitzgerald in a research report issued on Monday. They presently have a $60.00 price objective on the travel company’s stock. Cantor Fitzgerald’s price target points to a potential upside of 15.38% from the company’s previous close.
TRIP has been the topic of a number of other research reports. Miller Tabak started coverage on TripAdvisor in a research report on Wednesday, January 18th. They issued a “hold” rating on the stock. Vetr downgraded TripAdvisor from a “strong-buy” rating to a “buy” rating and set a $57.11 target price on the stock. in a research report on Wednesday, January 11th. Susquehanna Bancshares Inc started coverage on TripAdvisor in a research report on Wednesday, October 19th. They issued a “neutral” rating and a $55.00 target price on the stock. Credit Suisse Group set a $51.00 price objective on TripAdvisor and gave the company a “hold” rating in a report on Monday, February 6th. Finally, Zacks Investment Research upgraded TripAdvisor from a “strong sell” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Wednesday, January 11th. Three investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $59.51.
Shares of TripAdvisor (NASDAQ:TRIP) traded down 0.02% on Monday, reaching $51.99. 171,654 shares of the company’s stock were exchanged. The firm has a market cap of $7.57 billion, a PE ratio of 62.49 and a beta of 2.02. TripAdvisor has a one year low of $45.63 and a one year high of $71.69. The company has a 50 day moving average price of $50.94 and a 200 day moving average price of $57.12.
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Institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. increased its position in shares of TripAdvisor by 21.2% in the second quarter. Baillie Gifford & Co. now owns 12,128,581 shares of the travel company’s stock worth $779,867,000 after buying an additional 2,118,945 shares during the period. Jackson Square Partners LLC increased its position in shares of TripAdvisor by 4.1% in the third quarter. Jackson Square Partners LLC now owns 9,646,137 shares of the travel company’s stock worth $609,442,000 after buying an additional 383,862 shares during the period. Brown Advisory Inc. increased its position in shares of TripAdvisor by 0.9% in the fourth quarter. Brown Advisory Inc. now owns 6,614,225 shares of the travel company’s stock worth $306,701,000 after buying an additional 61,779 shares during the period. Bank of New York Mellon Corp increased its position in shares of TripAdvisor by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 5,091,523 shares of the travel company’s stock worth $321,683,000 after buying an additional 19,704 shares during the period. Finally, State Street Corp increased its position in shares of TripAdvisor by 4.3% in the fourth quarter. State Street Corp now owns 4,724,538 shares of the travel company’s stock worth $219,077,000 after buying an additional 194,903 shares during the period. 86.78% of the stock is owned by institutional investors and hedge funds.
TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.
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