Wedbush restated their neutral rating on shares of Tripadvisor (NASDAQ:TRIP - Free Report) in a research note published on Thursday morning, Benzinga reports. They currently have a $30.00 price objective on the travel company's stock.
TRIP has been the topic of several other research reports. BMO Capital Markets boosted their target price on Tripadvisor from $20.00 to $23.00 and gave the company a market perform rating in a research report on Friday, February 16th. UBS Group upped their target price on Tripadvisor from $21.00 to $27.00 and gave the stock a neutral rating in a report on Friday, February 16th. Mizuho upped their target price on Tripadvisor from $20.00 to $23.00 and gave the stock a neutral rating in a report on Friday, February 16th. Truist Financial upped their target price on Tripadvisor from $18.00 to $28.00 and gave the stock a hold rating in a report on Thursday, March 14th. Finally, StockNews.com upgraded Tripadvisor from a hold rating to a buy rating in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $24.12.
Get Our Latest Stock Analysis on Tripadvisor
Tripadvisor Price Performance
NASDAQ:TRIP traded down $0.15 during trading hours on Thursday, reaching $25.25. The stock had a trading volume of 1,477,184 shares, compared to its average volume of 2,421,326. 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 has a 52 week low of $14.15 and a 52 week high of $28.76. The company has a 50 day moving average price of $26.73 and a two-hundred day moving average price of $21.47. The stock has a market capitalization of $3.48 billion, a PE ratio of 427.33, a PEG ratio of 1.57 and a beta of 1.57.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.14. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. The business had revenue of $390.00 million for the quarter, compared to the consensus estimate of $372.93 million. As a group, sell-side analysts anticipate that Tripadvisor will post 0.89 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Tripadvisor by 6.6% during the 4th quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company's stock valued at $277,233,000 after buying an additional 791,940 shares in the last quarter. Select Equity Group L.P. increased its position in Tripadvisor by 23.7% during the 1st quarter. Select Equity Group L.P. now owns 7,822,394 shares of the travel company's stock valued at $155,353,000 after buying an additional 1,498,893 shares in the last quarter. AQR Capital Management LLC increased its position in Tripadvisor by 38.1% during the 3rd quarter. AQR Capital Management LLC now owns 5,115,807 shares of the travel company's stock valued at $84,820,000 after buying an additional 1,410,932 shares in the last quarter. FIL Ltd increased its position in Tripadvisor by 14.8% during the 4th quarter. FIL Ltd now owns 4,347,423 shares of the travel company's stock valued at $93,600,000 after buying an additional 561,703 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Tripadvisor by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,438,349 shares of the travel company's stock valued at $74,027,000 after buying an additional 304,975 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.
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.
See Also
Before you consider Tripadvisor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tripadvisor wasn't on the list.
While Tripadvisor currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
