Tripadvisor (NASDAQ:TRIP) Receives “Neutral” Rating from Wedbush

Tripadvisor (NASDAQ:TRIP)‘s stock had its “neutral” rating restated by equities research analysts at Wedbush in a report issued on Thursday,RTT News reports. They presently have a $17.00 target price on the travel company’s stock. Wedbush’s price objective would indicate a potential upside of 22.39% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. UBS Group dropped their target price on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. StockNews.com cut Tripadvisor from a “buy” rating to a “hold” rating in a research note on Saturday, December 14th. Citigroup decreased their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th. B. Riley raised their price objective on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Truist Financial reduced their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tripadvisor has an average rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Price Performance

NASDAQ:TRIP traded up $0.94 during trading hours on Thursday, reaching $13.89. 8,614,591 shares of the company were exchanged, compared to its average volume of 2,306,555. The business has a 50 day moving average of $14.67 and a 200 day moving average of $15.52. Tripadvisor has a 1-year low of $12.93 and a 1-year high of $28.76. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $1.94 billion, a P/E ratio of 60.39, a P/E/G ratio of 9.35 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. Tripadvisor’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. Research analysts forecast that Tripadvisor will post 0.37 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TRIP. Pacer Advisors Inc. grew its stake in Tripadvisor by 167.6% during the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after purchasing an additional 3,173,817 shares during the period. Jupiter Asset Management Ltd. grew its position in shares of Tripadvisor by 1,150.2% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock worth $30,001,000 after buying an additional 1,549,761 shares during the period. River Road Asset Management LLC increased its stake in shares of Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after acquiring an additional 917,689 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Tripadvisor by 53.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock valued at $41,364,000 after acquiring an additional 822,712 shares during the period. Finally, U S Global Investors Inc. lifted its position in shares of Tripadvisor by 71.8% during the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after acquiring an additional 632,353 shares during the period. 98.99% of the stock is owned by 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.