Tripadvisor’s (TRIP) Neutral Rating Reiterated at Wedbush

Tripadvisor (NASDAQ:TRIP)‘s stock had its “neutral” rating reissued by investment analysts at Wedbush in a research report issued on Thursday,RTT News reports. They currently have a $17.00 price objective on the travel company’s stock, up from their prior price objective of $16.00. Wedbush’s price objective indicates a potential upside of 9.96% from the stock’s current price.

A number of other research analysts also recently weighed in on TRIP. UBS Group decreased their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday. TD Cowen boosted their price target on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday. B. Riley raised their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday. BTIG Research decreased their target price on Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, DA Davidson decreased their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.33.

Tripadvisor Stock Performance

Shares of Tripadvisor stock traded down $1.95 during trading on Thursday, hitting $15.46. 5,390,603 shares of the company’s stock were exchanged, compared to its average volume of 2,347,973. Tripadvisor has a 52-week low of $12.93 and a 52-week high of $28.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 103.07, a PEG ratio of 10.75 and a beta of 1.37. The business has a 50-day simple moving average of $14.74 and a 200-day simple moving average of $17.07.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $497.00 million during the quarter, compared to the consensus estimate of $504.76 million. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. Tripadvisor’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. On average, research analysts forecast that Tripadvisor will post 0.38 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TRIP. Boston Partners acquired a new position in Tripadvisor in the first quarter valued at approximately $131,887,000. River Road Asset Management LLC raised its stake in Tripadvisor by 33.3% during the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after acquiring an additional 917,689 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Tripadvisor by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock valued at $48,686,000 after acquiring an additional 95,138 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Tripadvisor by 53.0% during the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after purchasing an additional 822,712 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Tripadvisor by 4.9% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company’s stock valued at $40,822,000 after purchasing an additional 107,154 shares during the period. 98.99% of the stock is 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.