Tripadvisor (NASDAQ:TRIP) Earns Neutral Rating from Wedbush

Wedbush reaffirmed their neutral rating on shares of Tripadvisor (NASDAQ:TRIP) in a report issued on Thursday,RTT News reports. They currently have a $17.00 target price on the travel company’s stock.

Other analysts have also issued research reports about the company. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a report on Saturday, December 14th. B. Riley boosted their target price on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. DA Davidson restated a “neutral” rating and set a $16.00 target price on shares of Tripadvisor in a research note on Thursday. Cantor Fitzgerald decreased their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. Finally, Truist Financial lowered their price objective on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and an average target price of $18.33.

Tripadvisor Stock Performance

Shares of TRIP stock opened at $13.79 on Thursday. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 59.96, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor has a one year low of $12.93 and a one year high of $28.76. The company’s 50-day moving average is $14.65 and its 200 day moving average is $15.48.

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

Hedge Funds Weigh In On Tripadvisor

Several institutional investors and hedge funds have recently bought and sold shares of TRIP. Fifth Third Bancorp raised its stake in shares of Tripadvisor by 104.1% in the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after buying an additional 846 shares during the period. Louisiana State Employees Retirement System raised its stake in Tripadvisor by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock worth $974,000 after acquiring an additional 1,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Tripadvisor by 28.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,487 shares of the travel company’s stock valued at $472,000 after purchasing an additional 5,802 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Tripadvisor by 525.7% in the second quarter. Crossmark Global Holdings Inc. now owns 56,197 shares of the travel company’s stock worth $1,001,000 after purchasing an additional 47,216 shares during the period. Finally, Versor Investments LP increased its stake in shares of Tripadvisor by 111.3% in the second quarter. Versor Investments LP now owns 17,433 shares of the travel company’s stock worth $310,000 after purchasing an additional 9,184 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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.