Wedbush Reaffirms Neutral Rating for Tripadvisor (NASDAQ:TRIP)

Tripadvisor (NASDAQ:TRIP)‘s stock had its “neutral” rating reiterated by investment analysts at Wedbush in a report issued on Thursday,RTT News reports. They presently have a $17.00 price objective on the travel company’s stock. Wedbush’s price objective would indicate a potential upside of 23.28% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on TRIP. B. Riley upped their price target on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. TD Cowen boosted 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. Cantor Fitzgerald lowered their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, November 7th. Citigroup reduced their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Finally, Truist Financial lowered their price objective on 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 issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Stock Down 0.7 %

Tripadvisor stock opened at $13.79 on Thursday. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 59.96, a P/E/G ratio of 9.35 and a beta of 1.36. The firm has a 50 day simple moving average of $14.66 and a 200 day simple moving average of $15.51. Tripadvisor has a 1-year low of $12.93 and a 1-year high of $28.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

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

Hedge Funds Weigh In On Tripadvisor

Institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in Tripadvisor by 167.6% in the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after buying an additional 3,173,817 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Tripadvisor by 1,150.2% during the second quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock worth $30,001,000 after acquiring an additional 1,549,761 shares in the last quarter. River Road Asset Management LLC lifted its holdings 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 worth $53,179,000 after acquiring an additional 917,689 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Tripadvisor by 53.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after acquiring an additional 822,712 shares during the last quarter. Finally, U S Global Investors Inc. boosted its stake in shares of Tripadvisor by 71.8% in 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 purchasing an additional 632,353 shares in the last quarter. 98.99% of the stock is currently 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.