Wedbush Reaffirms Neutral Rating for Tripadvisor (NASDAQ:TRIP)

Tripadvisor (NASDAQ:TRIP)‘s stock had its “neutral” rating restated by equities research analysts at Wedbush in a research report issued to clients and investors on Thursday,RTT News reports. They currently have a $17.00 target price on the travel company’s stock. Wedbush’s price target points to a potential upside of 22.39% from the company’s previous close.

A number of other analysts have also commented on TRIP. Citigroup decreased their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. B. Riley boosted their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. TD Cowen increased their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Truist Financial dropped their target price 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. Finally, Cantor Fitzgerald reduced their target price on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Stock Up 7.3 %

Shares of NASDAQ:TRIP traded up $0.94 during trading on Thursday, reaching $13.89. 8,614,591 shares of the stock were exchanged, compared to its average volume of 2,306,555. The stock has a fifty day moving average of $14.67 and a two-hundred 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 firm has a market cap of $1.94 billion, a price-to-earnings ratio of 60.39, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36.

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

Institutional Investors Weigh In On Tripadvisor

Several institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its position 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 valued at $30,000 after purchasing an additional 846 shares during the period. Louisiana State Employees Retirement System raised its holdings 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 valued at $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 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,487 shares of the travel company’s stock worth $472,000 after purchasing an additional 5,802 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Tripadvisor by 525.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 56,197 shares of the travel company’s stock valued at $1,001,000 after purchasing an additional 47,216 shares in the last quarter. Finally, Versor Investments LP increased its position 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 during the last quarter. 98.99% of the stock is 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.