Wedbush Cuts Tripadvisor (NASDAQ:TRIP) Price Target to $21.00

Tripadvisor (NASDAQ:TRIP) had its target price lowered by equities researchers at Wedbush from $30.00 to $21.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the travel company’s stock. Wedbush’s target price suggests a potential upside of 16.67% from the stock’s current price.

Other analysts have also recently issued reports about the company. B. Riley reissued a “buy” rating and set a $34.00 target price (up from $27.00) on shares of Tripadvisor in a research note on Friday, February 16th. Mizuho reduced their target price on shares of Tripadvisor from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday. Citigroup boosted their price target on Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. DA Davidson cut Tripadvisor from a “buy” rating to a “neutral” rating and cut their target price for the company from $31.00 to $20.00 in a research note on Thursday. Finally, TheStreet upgraded shares of Tripadvisor from a “d+” rating to a “c” rating in a report on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and a consensus price target of $22.12.

Tripadvisor Price Performance

Shares of TRIP stock traded down $0.31 during mid-day trading on Friday, reaching $18.00. The company’s stock had a trading volume of 1,701,421 shares, compared to its average volume of 2,677,581. The company has a market cap of $2.48 billion, a P/E ratio of 295.33, a PEG ratio of 1.62 and a beta of 1.56. The firm’s 50-day moving average is $26.47 and its two-hundred day moving average is $22.45. 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 quick ratio of 2.27 and a current ratio of 2.27.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SYSTM Wealth Solutions LLC raised its stake in Tripadvisor by 10.5% during the first quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock worth $126,000 after acquiring an additional 432 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Tripadvisor by 2.3% in the 3rd quarter. Arizona State Retirement System now owns 31,296 shares of the travel company’s stock valued at $519,000 after acquiring an additional 697 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Tripadvisor by 52.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock valued at $54,000 after acquiring an additional 861 shares in the last quarter. Yousif Capital Management LLC grew its position in Tripadvisor by 2.1% during the 3rd quarter. Yousif Capital Management LLC now owns 53,244 shares of the travel company’s stock worth $883,000 after acquiring an additional 1,115 shares during the last quarter. Finally, Swiss National Bank raised its position in Tripadvisor by 0.6% in the first quarter. Swiss National Bank now owns 210,900 shares of the travel company’s stock valued at $5,861,000 after purchasing an additional 1,200 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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.