Tripadvisor (NASDAQ:TRIP) Given “Neutral” Rating at Wedbush

Wedbush restated their neutral rating on shares of Tripadvisor (NASDAQ:TRIPFree Report) in a research report report published on Thursday morning, Benzinga reports. The firm currently has a $30.00 target price on the travel company’s stock.

Several other equities analysts also recently weighed in on TRIP. Citigroup raised their target price on Tripadvisor from $23.00 to $28.00 and gave the company a neutral rating in a research report on Wednesday, April 17th. BMO Capital Markets raised their target price on Tripadvisor from $20.00 to $23.00 and gave the company a market perform rating in a research report on Friday, February 16th. Ascendiant Capital Markets raised their target price on Tripadvisor from $27.00 to $30.00 and gave the company a buy rating in a research report on Friday, December 29th. B. Riley reaffirmed a buy rating and issued a $34.00 price target (up previously from $27.00) on shares of Tripadvisor in a report on Friday, February 16th. Finally, The Goldman Sachs Group increased their price target on Tripadvisor from $23.00 to $34.00 and gave the company a buy rating in a report on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $24.12.

Read Our Latest Research Report on TRIP

Tripadvisor Stock Down 0.8 %

Shares of TRIP opened at $25.04 on Thursday. Tripadvisor has a 52 week low of $14.15 and a 52 week high of $28.76. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 417.33, a PEG ratio of 1.56 and a beta of 1.57. The stock’s 50-day moving average price is $26.85 and its 200-day moving average price is $21.63.

Tripadvisor (NASDAQ:TRIPGet Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.14. The company had revenue of $390.00 million for the quarter, compared to the consensus estimate of $372.93 million. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. On average, sell-side analysts predict that Tripadvisor will post 0.88 EPS for the current year.

Institutional Trading of Tripadvisor

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dark Forest Capital Management LP increased its position in Tripadvisor by 1,227.3% in the 1st quarter. Dark Forest Capital Management LP now owns 1,699 shares of the travel company’s stock valued at $34,000 after acquiring an additional 1,571 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Tripadvisor during the 3rd quarter worth approximately $34,000. International Assets Investment Management LLC increased its position in Tripadvisor by 2,053.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock worth $46,000 after purchasing an additional 2,053 shares during the period. Quadrant Capital Group LLC increased its position in Tripadvisor by 52.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock worth $54,000 after purchasing an additional 861 shares during the period. Finally, CWM LLC increased its position in Tripadvisor by 1,384.6% during the 3rd quarter. CWM LLC now owns 5,018 shares of the travel company’s stock worth $83,000 after purchasing an additional 4,680 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

About Tripadvisor

(Get Free Report)

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.

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Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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