Tripadvisor’s (TRIP) “Neutral” Rating Reiterated at Wedbush

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

Several other equities research analysts have also weighed in on the company. StockNews.com upgraded Tripadvisor from a hold rating to a buy rating in a report on Friday, February 23rd. The Goldman Sachs Group reduced their target price on Tripadvisor from $34.00 to $27.00 and set a buy rating for the company in a report on Thursday, May 9th. B. Riley restated a buy rating and issued a $34.00 target price (up from $27.00) on shares of Tripadvisor in a report on Friday, February 16th. Barclays cut their price target on Tripadvisor from $20.00 to $15.00 and set an underweight rating for the company in a report on Friday, May 10th. Finally, Citigroup upped their price target on Tripadvisor from $23.00 to $28.00 and gave the stock a neutral rating in a report on Wednesday, April 17th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Tripadvisor presently has a consensus rating of Hold and a consensus target price of $22.18.

Tripadvisor Stock Up 0.7 %

Shares of Tripadvisor stock opened at $17.89 on Friday. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 119.27, a P/E/G ratio of 1.48 and a beta of 1.56. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.69 and a quick ratio of 1.69. Tripadvisor has a 52-week low of $14.15 and a 52-week high of $28.76. The stock has a 50-day simple moving average of $24.63 and a 200-day simple moving average of $22.79.

Institutional Trading of Tripadvisor

A number of large investors have recently bought and sold shares of TRIP. AQR Capital Management LLC grew its position in Tripadvisor by 38.1% in the third quarter. AQR Capital Management LLC now owns 5,115,807 shares of the travel company’s stock valued at $84,820,000 after acquiring an additional 1,410,932 shares during the period. Norges Bank bought a new stake in Tripadvisor in the fourth quarter valued at $27,807,000. Vanguard Group Inc. grew its position in 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 acquiring an additional 1,263,706 shares during the period. Kettle Hill Capital Management LLC acquired a new position in Tripadvisor in the third quarter worth $19,626,000. Finally, Maple Rock Capital Partners Inc. acquired a new position in Tripadvisor in the third quarter worth $16,431,000. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Company Profile

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.