TripAdvisor (NASDAQ:TRIP) Upgraded to Hold at Wedbush

TripAdvisor (NASDAQ:TRIP) was upgraded by equities research analysts at Wedbush to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Wall Street Zen lowered shares of TripAdvisor from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. JPMorgan Chase & Co. dropped their price target on shares of TripAdvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Friday, May 8th. B. Riley Financial dropped their price target on shares of TripAdvisor from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Cantor Fitzgerald set a $10.00 price target on shares of TripAdvisor and gave the company an “underweight” rating in a research note on Friday, February 13th. Finally, Bank of America upgraded shares of TripAdvisor from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $15.00 in a research note on Friday, March 27th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $14.76.

TripAdvisor Stock Down 1.3%

TRIP stock opened at $11.94 on Tuesday. The company’s 50 day moving average price is $10.58 and its 200 day moving average price is $12.16. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25. TripAdvisor has a fifty-two week low of $9.01 and a fifty-two week high of $20.16. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 119.41, a PEG ratio of 2.26 and a beta of 0.90.

TripAdvisor (NASDAQ:TRIP) last released its earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The firm had revenue of $382.40 million for the quarter, compared to analysts’ expectations of $384.69 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities research analysts anticipate that TripAdvisor will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On TripAdvisor

Several hedge funds have recently added to or reduced their stakes in TRIP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of TripAdvisor by 29.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company’s stock worth $1,162,000 after acquiring an additional 18,699 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of TripAdvisor by 1,183.2% during the first quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock worth $85,000 after acquiring an additional 5,916 shares during the last quarter. Empowered Funds LLC grew its position in shares of TripAdvisor by 14.2% during the first quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock worth $191,000 after acquiring an additional 1,676 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of TripAdvisor by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company’s stock worth $4,216,000 after acquiring an additional 22,136 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of TripAdvisor during the second quarter worth approximately $349,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.