TripAdvisor (NASDAQ:TRIP) Upgraded to Hold at Wedbush

TripAdvisor (NASDAQ:TRIP) was upgraded by research analysts at Wedbush to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. JPMorgan Chase & Co. reduced their target price on TripAdvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Friday, May 8th. Bank of America raised TripAdvisor from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.00 to $15.00 in a report on Friday, March 27th. DA Davidson reduced their target price on TripAdvisor from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Monday, May 18th. BTIG Research reissued a “buy” rating and issued a $15.00 target price on shares of TripAdvisor in a report on Friday, May 29th. Finally, UBS Group reduced their target price on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a report on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $14.76.

TripAdvisor Price Performance

Shares of NASDAQ TRIP opened at $11.94 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a fifty day moving average price of $10.58 and a 200 day moving average price of $12.16. TripAdvisor has a 1-year low of $9.01 and a 1-year high of $20.16. The company has a market cap of $1.39 billion, a PE ratio of 119.41, a P/E/G ratio of 2.26 and a beta of 0.90.

TripAdvisor (NASDAQ:TRIP) last released its earnings results on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The business had revenue of $382.40 million during the quarter, compared to analyst estimates of $384.69 million. During the same period last year, the business posted $0.14 EPS. TripAdvisor’s revenue was down 4.0% compared to the same quarter last year. Sell-side analysts forecast that TripAdvisor will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Essex Investment Management Co. LLC raised its stake in shares of TripAdvisor by 75.7% during the 3rd quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after buying an additional 656 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of TripAdvisor by 39.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after buying an additional 705 shares during the last quarter. Essex Financial Services Inc. raised its stake in shares of TripAdvisor by 4.5% during the 4th quarter. Essex Financial Services Inc. now owns 17,864 shares of the travel company’s stock worth $260,000 after buying an additional 776 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of TripAdvisor by 1.3% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 60,279 shares of the travel company’s stock worth $980,000 after buying an additional 779 shares during the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV raised its stake in shares of TripAdvisor by 1.3% during the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 64,053 shares of the travel company’s stock worth $933,000 after buying an additional 847 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

About TripAdvisor

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.