TripAdvisor (NASDAQ:TRIP) Price Target Lowered to $15.00 at Wedbush

TripAdvisor (NASDAQ:TRIP) had its target price dropped by equities researchers at Wedbush from $18.00 to $15.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the travel company’s stock. Wedbush’s target price would suggest a potential upside of 20.68% from the stock’s current price.

TRIP has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TripAdvisor in a research report on Monday, December 29th. Cantor Fitzgerald lowered their price target on TripAdvisor from $15.00 to $14.00 and set an “underweight” rating on the stock in a research report on Thursday, January 8th. Sanford C. Bernstein reissued an “outperform” rating and issued a $20.00 target price on shares of TripAdvisor in a research note on Friday, November 7th. Barclays reduced their price target on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Friday, November 7th. Finally, Mizuho set a $17.00 price objective on TripAdvisor and gave the company a “neutral” rating in a research report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, TripAdvisor currently has an average rating of “Reduce” and a consensus target price of $16.06.

TripAdvisor Trading Down 1.3%

TRIP opened at $12.43 on Friday. The firm’s fifty day simple moving average is $14.21 and its 200 day simple moving average is $15.77. TripAdvisor has a 12 month low of $10.43 and a 12 month high of $20.16. The stock has a market capitalization of $1.45 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.24 and a beta of 1.01. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.21.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. TripAdvisor had a return on equity of 14.77% and a net margin of 4.23%.The business had revenue of $553.00 million during the quarter, compared to the consensus estimate of $562.92 million. During the same period last year, the company earned $0.50 earnings per share. TripAdvisor’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, research analysts anticipate that TripAdvisor will post 0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On TripAdvisor

Large investors have recently added to or reduced their stakes in the stock. Certares Management LLC boosted its stake in shares of TripAdvisor by 177.3% in the 2nd quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock valued at $62,011,000 after purchasing an additional 3,037,959 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of TripAdvisor by 375.4% during the second quarter. Federated Hermes Inc. now owns 2,137,374 shares of the travel company’s stock worth $27,893,000 after buying an additional 1,687,816 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of TripAdvisor in the 3rd quarter valued at $26,848,000. Ameriprise Financial Inc. grew its position in TripAdvisor by 24.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock worth $120,585,000 after acquiring an additional 1,445,607 shares during the last quarter. Finally, Palliser Capital UK Ltd acquired a new position in TripAdvisor in the 2nd quarter worth about $16,192,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

TripAdvisor Company Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.