Tripadvisor’s (TRIP) Neutral Rating Reaffirmed at Wedbush

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Wedbush reiterated their neutral rating on shares of Tripadvisor (NASDAQ:TRIP) in a report issued on Friday morning, The Fly reports. They currently have a $66.00 price target on the travel company’s stock.

A number of other research firms have also recently weighed in on TRIP. BidaskClub raised Tripadvisor from a hold rating to a buy rating in a report on Thursday, November 1st. Zacks Investment Research raised Tripadvisor from a sell rating to a hold rating in a report on Thursday, October 25th. ValuEngine raised Tripadvisor from a hold rating to a buy rating in a report on Tuesday, September 4th. Credit Suisse Group raised Tripadvisor from an underperform rating to a neutral rating and lifted their price target for the company from $44.00 to $51.00 in a report on Thursday, October 25th. Finally, Stifel Nicolaus boosted their target price on Tripadvisor from $42.00 to $48.00 and gave the stock a hold rating in a report on Friday, August 3rd. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tripadvisor currently has an average rating of Hold and a consensus target price of $53.17.

Shares of TRIP traded down $3.63 during mid-day trading on Friday, reaching $63.30. 6,089,154 shares of the company’s stock traded hands, compared to its average volume of 2,164,885. The stock has a market cap of $7.99 billion, a PE ratio of 131.88, a price-to-earnings-growth ratio of 4.57 and a beta of 1.48. Tripadvisor has a 12 month low of $29.50 and a 12 month high of $69.00.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 7th. The travel company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.24. The company had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $469.09 million. Tripadvisor had a return on equity of 7.56% and a net margin of 1.38%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. On average, equities analysts forecast that Tripadvisor will post 0.83 earnings per share for the current fiscal year.

In related news, insider Noel Bertram Watson sold 726 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $53.71, for a total transaction of $38,993.46. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.10% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Advisory Services Network LLC grew its position in Tripadvisor by 10,215.8% in the second quarter. Advisory Services Network LLC now owns 1,960 shares of the travel company’s stock worth $119,000 after buying an additional 1,941 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in Tripadvisor in the second quarter worth approximately $133,000. Tower Research Capital LLC TRC grew its position in Tripadvisor by 72.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock worth $152,000 after buying an additional 1,147 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Tripadvisor by 200.0% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,000 shares of the travel company’s stock worth $167,000 after buying an additional 2,000 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new position in Tripadvisor in the second quarter worth approximately $175,000. 89.58% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

Read More: Leveraged Buyout (LBO)

The Fly

Analyst Recommendations for Tripadvisor (NASDAQ:TRIP)

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