Tripadvisor (NASDAQ:TRIP) Receives Neutral Rating from Wedbush

Wedbush reaffirmed their neutral rating on shares of Tripadvisor (NASDAQ:TRIP) in a research note released on Thursday, Benzinga reports. Wedbush currently has a $30.00 price target on the travel company’s stock.

A number of other analysts also recently issued reports on TRIP. StockNews.com raised shares of Tripadvisor from a hold rating to a buy rating in a research report on Friday, February 23rd. Truist Financial raised their target price on shares of Tripadvisor from $18.00 to $28.00 and gave the company a hold rating in a research note on Thursday, March 14th. TheStreet upgraded shares of Tripadvisor from a d+ rating to a c rating in a report on Wednesday, February 14th. Ascendiant Capital Markets increased their price target on Tripadvisor from $27.00 to $30.00 and gave the company a buy rating in a report on Friday, December 29th. Finally, Citigroup boosted their price objective on Tripadvisor from $23.00 to $28.00 and gave the stock a neutral rating in a research note on Wednesday. Three research 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. According to data from MarketBeat.com, Tripadvisor presently has an average rating of Hold and a consensus target price of $24.12.

Tripadvisor Stock Down 0.6 %

Shares of NASDAQ TRIP opened at $25.25 on Thursday. The stock has a market capitalization of $3.48 billion, a PE ratio of 420.83, a P/E/G ratio of 1.58 and a beta of 1.57. 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 firm has a fifty day moving average of $26.79 and a 200-day moving average of $21.49. Tripadvisor has a 52-week low of $14.15 and a 52-week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly 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 firm had revenue of $390.00 million during 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, analysts anticipate that Tripadvisor will post 0.89 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TRIP. Allspring Global Investments Holdings LLC increased its stake in Tripadvisor by 7.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 37,373 shares of the travel company’s stock valued at $1,039,000 after buying an additional 2,644 shares during the period. Oak Thistle LLC bought a new stake in Tripadvisor during the first quarter worth approximately $385,000. Oliver Luxxe Assets LLC lifted its position in Tripadvisor by 35.7% in the first quarter. Oliver Luxxe Assets LLC now owns 34,178 shares of the travel company’s stock worth $950,000 after purchasing an additional 8,990 shares during the period. Toth Financial Advisory Corp bought a new position in Tripadvisor during the 1st quarter valued at $736,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Tripadvisor during the 1st quarter valued at $83,000. 98.99% of the stock is currently owned by 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.