Tripadvisor’s (TRIP) Neutral Rating Reaffirmed at Wedbush

Wedbush reaffirmed their neutral rating on shares of Tripadvisor (NASDAQ:TRIP) in a research report report published on Friday, Benzinga reports. Wedbush currently has a $21.00 price objective on the travel company’s stock.

A number of other research firms have also recently commented on TRIP. UBS Group lowered their target price on Tripadvisor from $27.00 to $20.00 and set a neutral rating on the stock in a research note on Thursday, May 9th. Citigroup upped their price target on Tripadvisor from $23.00 to $28.00 and gave the stock a neutral rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. dropped their price objective on Tripadvisor from $25.00 to $17.00 and set an underweight rating on the stock in a research report on Thursday, May 9th. Truist Financial raised their price objective on Tripadvisor from $18.00 to $28.00 and gave the stock a hold rating in a research note on Thursday, March 14th. Finally, Mizuho cut their price target on Tripadvisor from $23.00 to $21.00 and set a neutral rating for the company in a report on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Tripadvisor presently has an average rating of Hold and an average target price of $22.18.

Tripadvisor Stock Up 0.7 %

Shares of NASDAQ:TRIP traded up $0.12 during midday trading on Friday, hitting $17.89. The stock had a trading volume of 1,716,309 shares, compared to its average volume of 4,167,911. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.08. The business’s 50-day simple moving average is $24.63 and its 200-day simple moving average is $22.72. Tripadvisor has a 12 month low of $14.15 and a 12 month high of $28.76. The company has a market cap of $2.49 billion, a P/E ratio of 119.27, a PEG ratio of 1.47 and a beta of 1.56.

Institutional Investors Weigh In On Tripadvisor

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its position 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 purchasing an additional 1,410,932 shares during the last quarter. Norges Bank bought a new stake in Tripadvisor in the fourth quarter valued at approximately $27,807,000. Vanguard Group Inc. grew its position in shares of Tripadvisor by 11.7% in the third quarter. Vanguard Group Inc. now owns 12,084,674 shares of the travel company’s stock valued at $200,364,000 after purchasing an additional 1,263,706 shares during the last quarter. Kettle Hill Capital Management LLC bought a new position in Tripadvisor during the 3rd quarter worth $19,626,000. Finally, Maple Rock Capital Partners Inc. bought a new position in shares of Tripadvisor in the 3rd quarter valued at $16,431,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

About Tripadvisor

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.