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

Tripadvisor (NASDAQ:TRIPFree Report) had its target price trimmed by Wedbush from $30.00 to $21.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a neutral rating on the travel company’s stock.

Several other research analysts have also commented on TRIP. DA Davidson lowered shares of Tripadvisor from a buy rating to a neutral rating and dropped their price target for the stock from $31.00 to $20.00 in a research note on Thursday, May 9th. StockNews.com upgraded Tripadvisor from a hold rating to a buy rating in a report on Friday, February 23rd. B. Riley reaffirmed a buy rating and issued a $34.00 price target (up previously from $27.00) on shares of Tripadvisor in a research report on Friday, February 16th. BMO Capital Markets lowered their price objective on Tripadvisor from $23.00 to $20.00 and set a market perform rating on the stock in a report on Thursday, May 9th. Finally, Mizuho reduced their target price on Tripadvisor from $23.00 to $21.00 and set a neutral rating for the company in a report on Thursday, May 9th. 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 data from MarketBeat.com, Tripadvisor presently has a consensus rating of Hold and an average target price of $22.18.

Get Our Latest Research Report on Tripadvisor

Tripadvisor Trading Up 2.5 %

NASDAQ TRIP opened at $18.64 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.08. Tripadvisor has a 1-year low of $14.15 and a 1-year high of $28.76. The firm’s fifty day simple moving average is $26.13 and its 200-day simple moving average is $22.61. The company has a market capitalization of $2.57 billion, a PE ratio of 124.27, a price-to-earnings-growth ratio of 1.14 and a beta of 1.56.

Tripadvisor (NASDAQ:TRIPGet Free Report) last issued its earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.14. The company had revenue of $390.00 million for the quarter, compared to analyst estimates of $372.93 million. Tripadvisor had a return on equity of 12.03% and a net margin of 1.32%. As a group, sell-side analysts anticipate that Tripadvisor will post 0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

Several institutional investors and hedge funds have recently made changes to their positions in TRIP. DekaBank Deutsche Girozentrale acquired a new stake in Tripadvisor during the 3rd quarter valued at $34,000. International Assets Investment Management LLC increased its stake in shares of Tripadvisor by 2,053.0% in the fourth quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock valued at $46,000 after buying an additional 2,053 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Tripadvisor by 52.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock valued at $54,000 after buying an additional 861 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Tripadvisor during the 1st quarter worth about $83,000. Finally, Tower Research Capital LLC TRC grew its holdings in Tripadvisor by 46.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,158 shares of the travel company’s stock worth $111,000 after acquiring an additional 1,641 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Company Profile

(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.

Further Reading

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.