Tripadvisor’s (TRIP) “Neutral” Rating Reaffirmed at Wedbush

Wedbush restated their neutral rating on shares of Tripadvisor (NASDAQ:TRIP) in a research note issued to investors on Thursday morning, Benzinga reports. The brokerage currently has a $30.00 target price on the travel company’s stock.

A number of other analysts have also commented on the stock. Mizuho boosted their price objective on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a neutral rating in a research report on Friday, February 16th. The Goldman Sachs Group increased their price objective on shares of Tripadvisor from $23.00 to $34.00 and gave the stock a buy rating in a research note on Tuesday, February 20th. TheStreet upgraded Tripadvisor from a d+ rating to a c rating in a report on Wednesday, February 14th. Citigroup increased their price target on Tripadvisor from $23.00 to $28.00 and gave the company a neutral rating in a research report on Wednesday. Finally, Truist Financial boosted their price target on Tripadvisor from $18.00 to $28.00 and gave the stock a hold rating in a research report on Thursday, March 14th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $24.12.

Tripadvisor Stock Performance

TRIP opened at $25.25 on Thursday. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 420.83, a P/E/G ratio of 1.58 and a beta of 1.57. The business’s 50-day moving average price is $26.79 and its two-hundred day moving average price is $21.49. Tripadvisor has a 1 year low of $14.15 and a 1 year high of $28.76. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.27 and a quick ratio of 2.27.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.14. The business had revenue of $390.00 million for the quarter, compared to analyst estimates of $372.93 million. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. Equities analysts expect that Tripadvisor will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Tripadvisor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Tripadvisor by 6.6% in the fourth quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company’s stock valued at $277,233,000 after purchasing an additional 791,940 shares during the period. Select Equity Group L.P. grew its stake in Tripadvisor by 23.7% in the 1st quarter. Select Equity Group L.P. now owns 7,822,394 shares of the travel company’s stock valued at $155,353,000 after buying an additional 1,498,893 shares during the last quarter. AQR Capital Management LLC raised its holdings in Tripadvisor by 38.1% in the 3rd quarter. AQR Capital Management LLC now owns 5,115,807 shares of the travel company’s stock valued at $84,820,000 after acquiring an additional 1,410,932 shares during the period. FIL Ltd lifted its position in Tripadvisor by 14.8% during the fourth quarter. FIL Ltd now owns 4,347,423 shares of the travel company’s stock worth $93,600,000 after acquiring an additional 561,703 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Tripadvisor by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,438,349 shares of the travel company’s stock worth $74,027,000 after acquiring an additional 304,975 shares during the last quarter. 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.